What is Scotiabank's Forecast for Elastic FY2026 Earnings?

Elastic (NYSE:ESTC - Free Report) - Analysts at Scotiabank issued their FY2026 earnings per share estimates for Elastic in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will earn ($0.80) per share for the year. Scotiabank has a "Sector Outperform" rating and a $135.00 price objective on the stock. The consensus estimate for Elastic's current full-year earnings is ($0.79) per share.

Other analysts have also recently issued reports about the company. Wedbush cut Elastic from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a "hold" rating on shares of Elastic in a report on Friday, November 22nd. Barclays upped their price target on shares of Elastic from $105.00 to $138.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Citigroup upped their target price on shares of Elastic from $136.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Baird R W raised Elastic from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Elastic has an average rating of "Moderate Buy" and a consensus price target of $126.50.

Elastic Stock Performance

ESTC traded down $0.74 on Thursday, reaching $97.94. The company had a trading volume of 1,004,566 shares, compared to its average volume of 2,111,010. The stock has a market capitalization of $10.15 billion, a PE ratio of 178.07 and a beta of 1.06. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The stock has a 50-day moving average price of $99.86 and a 200-day moving average price of $96.44.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 11,145 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total transaction of $1,240,884.30. Following the completion of the sale, the insider now owns 92,011 shares in the company, valued at $10,244,504.74. The trade was a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ashutosh Kulkarni sold 7,017 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the transaction, the chief executive officer now owns 395,326 shares in the company, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock worth $18,637,562 in the last 90 days. 15.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Elastic

A number of hedge funds and other institutional investors have recently bought and sold shares of ESTC. M&T Bank Corp boosted its stake in Elastic by 3.1% during the 3rd quarter. M&T Bank Corp now owns 4,652 shares of the company's stock valued at $357,000 after purchasing an additional 139 shares during the period. QRG Capital Management Inc. increased its position in Elastic by 7.0% in the 3rd quarter. QRG Capital Management Inc. now owns 3,063 shares of the company's stock valued at $235,000 after acquiring an additional 201 shares during the period. Oppenheimer & Co. Inc. raised its stake in Elastic by 3.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,810 shares of the company's stock valued at $523,000 after acquiring an additional 219 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Elastic by 75.4% in the second quarter. Headlands Technologies LLC now owns 628 shares of the company's stock worth $72,000 after purchasing an additional 270 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Elastic by 12.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 2,985 shares of the company's stock valued at $229,000 after purchasing an additional 332 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.