Elastic (NYSE:ESTC) Price Target Cut to $76.00 by Analysts at Barclays

by · The Cerbat Gem

Elastic (NYSE:ESTC – Get Free Report) had its target price reduced by analysts at Barclays from $78.00 to $76.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 40.35% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Bank of America decreased their price objective on Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Cantor Fitzgerald cut their target price on Elastic from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Citigroup reduced their target price on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.17.

View Our Latest Stock Report on ESTC

Elastic Price Performance

Shares of Elastic stock traded down $7.43 during trading hours on Friday, reaching $54.15. The stock had a trading volume of 2,356,914 shares, compared to its average volume of 1,911,879. The firm has a market capitalization of $5.71 billion, a PE ratio of -52.66, a PEG ratio of 235.94 and a beta of 0.93. Elastic has a twelve month low of $49.90 and a twelve month high of $117.49. The stock’s 50 day moving average is $68.90 and its 200 day moving average is $77.96. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling

In other news, CEO Ashutosh Kulkarni sold 20,413 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $1,531,995.65. Following the transaction, the chief executive officer owned 431,901 shares of the company’s stock, valued at approximately $32,414,170.05. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Mark Eugene Dodds sold 5,800 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $74.60, for a total value of $432,680.00. Following the transaction, the executive directly owned 161,484 shares of the company’s stock, valued at approximately $12,046,706.40. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,828 shares of company stock valued at $4,641,010 over the last three months. 12.70% of the stock is currently owned by insiders.

Institutional Trading of Elastic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC grew its holdings in shares of Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after purchasing an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after acquiring an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after purchasing an additional 175 shares during the period. Jones Financial Companies Lllp grew its position in shares of Elastic by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after buying an additional 194 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Elastic by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

  • Positive Sentiment: Company beat on revenue and subscription growth — Q3 revenue was about $450M, up ~18% year-over-year, and subscription revenue rose ~19%, showing continued demand for its Search AI platform. BusinessWire: Q3 Results
  • Positive Sentiment: Management raised forward guidance materially — Q4 EPS guide and full‑year FY2026 EPS guidance were well above Street estimates (company gave Q4 EPS and FY EPS ranges that exceeded consensus), signaling stronger expected profitability going forward. BusinessWire: Guidance
  • Positive Sentiment: Management emphasized AI expansion and product momentum on the earnings call, which could support longer‑term revenue upside as customers adopt Search AI features. Yahoo: Earnings Highlights
  • Neutral Sentiment: Full earnings/management discussion is available in the Q3 call transcript for investors wanting detail on margins, churn, and product metrics. Seeking Alpha: Call Transcript
  • Negative Sentiment: GAAP profitability disappointed — one report shows GAAP EPS missed consensus (reported around -$0.03 vs. expectations), and the company still posts negative net margin and negative return on equity, which worried investors. MarketBeat: Earnings Snapshot
  • Negative Sentiment: Market punished the stock despite revenue outperformance and raised guidance — coverage notes and headlines report a sharp drop after the print, signaling investors were focused on profitability, GAAP miss, or near‑term execution risks. Investing.com: Shares Tumble

About Elastic

(Get Free Report)

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.

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