Track market-moving stories before they get noisy

Public Employees Retirement System of Ohio purchased a new stake in Elastic N.V. (NYSE:ESTC – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,907 shares of the company’s stock, valued at approximately $1,477,000.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Elastic in the 1st quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC bought a new position in Elastic in the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the second quarter worth approximately $31,000. Harbor Investment Advisory LLC acquired a new position in shares of Elastic during the second quarter worth approximately $42,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insiders Place Their Bets In other Elastic news, CAO Jane E. Bone sold 4,176 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total value of $390,372.48. Following the completion of the transaction, the chief accounting officer directly owned 49,239 shares of the company’s stock, valued at approximately $4,602,861.72. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Shay Banon sold 165,171 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $90.26, for a total transaction of $14,908,334.46. Following the transaction, the chief technology officer owned 1,578,680 shares in the company, valued at $142,491,656.80. The trade was a 9.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 490,474 shares of company stock valued at $45,819,767 in the last 90 days. 12.70% of the stock is currently owned by insiders.

Elastic Trading Down 0.1% ESTC stock opened at $91.74 on Tuesday. The business has a fifty day moving average price of $72.57 and a 200 day moving average price of $60.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 8.89 and a beta of 1.03. Elastic (NYSE:ESTC – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Analysts expect that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets A number of equities analysts recently issued reports on the stock. Wolfe Research set a $55.00 target price on shares of Elastic in a research report on Friday, May 29th. Stifel Nicolaus increased their price target on shares of Elastic from $90.00 to $107.00 and gave the company a “buy” rating in a report on Friday, August 28th. Wells Fargo & Company raised their price target on shares of Elastic from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. Wedbush cut their price objective on shares of Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $83.00 target price on shares of Elastic in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.12.

View Our Latest Research Report on Elastic

Elastic Company Profile (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.

Featured Articles Five stocks we like better than Elastic 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding ESTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elastic N.V. (NYSE:ESTC – Free Report).

Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC) today announced plans to bring OpenAI GPT cyber models into Elastic Security. By integrating these models directly into Elastic Security workflows, Elastic aims to give security teams specialized cyber reasoning capabilities for alert triage, investigation, detection engineering and remediation, without requiring customers to deploy and manage separate model infrastructure. Security operations teams face a persistent mismatch between alert vo.

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Elastic (ESTC - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Elastic is one of 614 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Elastic is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for ESTC's full-year earnings has moved 63.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, ESTC has gained about 29.3% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.8%. This means that Elastic is performing better than its sector in terms of year-to-date returns.

Another stock in the Computer and Technology sector, Cognex Corporation (CGNX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 69.4%.

The consensus estimate for Cognex Corporation's current year EPS has increased 16.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Elastic belongs to the Internet - Software industry, a group that includes 174 individual companies and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have lost about 0.8% so far this year, so ESTC is performing better this group in terms of year-to-date returns.

In contrast, Cognex Corporation falls under the Electronics - Testing Equipment industry. Currently, this industry has 4 stocks and is ranked #21. Since the beginning of the year, the industry has moved +17.9%.

Investors interested in the Computer and Technology sector may want to keep a close eye on Elastic and Cognex Corporation as they attempt to continue their solid performance.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced financial results for its first quarter of fiscal 2027 ended July 31, 2026. First Quarter Fiscal 2027 Financial Highlights Total revenue was $478 million, an increase of 15% year-over-year, as reported and on a constant currency basis Total subscription revenue was $449 million, an increase of 15% year-over-year, as reported and on a constant currency basis Sales-led subscription revenue (calculated as subscr.

Elastic (ESTC - Free Report) came out with quarterly earnings of $0.7 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.69%. A quarter ago, it was expected that this software developer would post earnings of $0.56 per share when it actually produced earnings of $0.61, delivering a surprise of +8.93%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Elastic, which belongs to the Zacks Internet - Software industry, posted revenues of $478.11 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 1.82%. This compares to year-ago revenues of $415.29 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Elastic shares have added about 5.1% since the beginning of the year versus the S&P 500's gain of 12.1%.

What's Next for Elastic?While Elastic has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Elastic was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $483.02 million in revenues for the coming quarter and $3.25 on $1.99 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

DocuSign (DOCU - Free Report) , another stock in the same industry, has yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.

This provider of electronic signature technology is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of +17.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

DocuSign's revenues are expected to be $868.04 million, up 8.4% from the year-ago quarter.

Why Elastic Could Be the Next AI Winner in 2026Elastic NYSE: ESTC reported first-quarter fiscal 2027 revenue of $478 million, up 15% from a year earlier, as the company cited continued sales execution and demand across its search and AI, security and observability offerings.

Sales-led subscription revenue rose 18% to $399 million, while non-GAAP operating margin reached 16.2%. Chief Executive Officer Ash Kulkarni said the company exceeded all of its guided metrics and began the fiscal year with accelerating constant-currency growth in both total revenue and sales-led subscription revenue.

Get Elastic alerts:

Buyback Boom: 3 Companies Betting Big on Themselves“Customer demand was strong across all solution areas, especially in search and AI and security,” Kulkarni said.

Large-Customer Growth and Contracted Commitments Elastic ended the quarter with more than 1,800 customers with annual contract value of at least $100,000. The company added more than 80 net new customers to that cohort during the quarter, its largest increase to date. Customers in the group accounted for 90% of sales-led subscription revenue, compared with 87% a year earlier.

MarketBeat Week in Review – 03/03 - 03/07Chief Financial Officer Navam Welihinda said the growth reflected improvements in sales capacity, productivity and pipeline generation, as well as ongoing consumption of commitments secured in fiscal 2026.

Current remaining performance obligations, or CRPO, totaled $1.2 billion, growing 21% as reported and 20% on a constant-currency basis. Total RPO was $1.9 billion, up 27%. Kulkarni said the results indicated that customers were increasingly making multiyear commitments to Elastic’s platform as they pursue AI-related transformations.

Elastic’s net expansion rate was 111%, compared with 112% in the prior quarter. Welihinda said the metric is calculated on a trailing four-quarter basis and should improve within four quarters as the company’s constant-currency revenue growth accelerates through fiscal 2027.

AI, Security and Observability Initiatives Kulkarni said Elastic is positioning Elasticsearch as a data store and retrieval layer for AI applications that require text, vector and hybrid search across structured and unstructured data. During the quarter, the company released VectorDB index mode and auto-calibration capabilities intended to provide vector-search performance without manual tuning.

The company also extended Jina’s multimodal and multilingual semantic-search capabilities, including embedding and re-ranker models, to on-premises and air-gapped deployments. Elastic said its Agent Builder product added agent observability, monitoring and human-in-the-loop approval workflows.

More than 37% of Elastic’s customers with ACV above $100,000 were using its AI features at the end of the quarter, up from about 21% a year earlier. The company said that represented more than 670 customers, including 70 net additions during the first quarter. Welihinda said customers using AI capabilities have a higher growth propensity than customers that do not use those features.

In observability, Elastic relaunched its metrics offering and introduced Columnar Mode in Elasticsearch 9.5 as a technical preview. Kulkarni said the index mode is designed for time-series data and can reduce storage costs by 20% to about three bytes per metric sample. The company also added native Prometheus ingestion and PromQL support.

Elastic acquired Deductive AI, which it described as a provider of AI site reliability engineering technology. Kulkarni said Deductive’s reinforcement-learning harness can automate complex investigations by using information from code repositories, Elastic alerts, Slack, PagerDuty and ServiceNow to build decision trees based on previous and ongoing investigations.

On the security side, Elastic said its Attack Discovery offering now autonomously investigates and validates threats. Kulkarni said the company is targeting an “AI-driven SOC,” or security operations center, in response to a faster-moving cyberthreat environment. Elastic was named a leader in IDC’s MarketScape for worldwide SIEM and a strong performer in Forrester’s Wave for extended detection and response, according to the company.

Profitability, Capital Returns and Outlook On a non-GAAP basis, Elastic reported subscription gross margin of 81%, total gross margin of 77% and adjusted free-cash-flow margin of 30%. The free-cash-flow result included $13 million in cash paid for restructuring and other charges related to organizational changes announced in June.

The company repurchased approximately 800,000 shares for about $40 million during the quarter. Since launching its $500 million repurchase program in October 2025, Elastic has spent $380 million to repurchase 5.2 million shares as of the end of the first quarter.

Elastic raised its fiscal 2027 outlook following the quarter. For the second quarter, it expects:

Total revenue of $486 million to $487 million, representing about 15% growth at the midpoint. Sales-led subscription revenue of $407.5 million to $408.5 million, representing about 16.9% growth at the midpoint. Non-GAAP operating margin of approximately 19%. Non-GAAP diluted earnings per share of $0.80 to $0.82. For fiscal 2027, Elastic forecast total revenue of $1.998 billion to $2.010 billion and sales-led subscription revenue of $1.682 billion to $1.694 billion. The company expects non-GAAP operating margin of about 19.4%, adjusted free-cash-flow margin of 21.5% and non-GAAP diluted earnings per share of $3.29 to $3.37.

Welihinda said Elastic expects growth in total revenue and sales-led subscription revenue to accelerate during the second half of the fiscal year, with the fourth quarter producing the highest year-over-year growth rate. The company also expects positive GAAP operating margin in the second quarter and for the full fiscal year.

Kulkarni also announced that Caryn Marooney will leave Elastic’s board after a long tenure and that Julia Liuson, formerly president of Developer Tools at Microsoft, has been nominated to join the board.

About Elastic (NYSE:ESTC)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Elastic Right Now?Before you consider Elastic, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elastic wasn't on the list.

While Elastic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.

Get This Free Report

Shares of Elastic jump after the software developer beats analysts' earnings target and hikes its guidance.

Elastic NV (NYSE:ESTC) shares are surging early on Friday after the company posted better-than-expected first-quarter fiscal 2027 results and boosted guidance.

• Elastic stock is challenging resistance. Why did ESTC hit a new high?

Adjusted EPS of 70 cents beat the consensus estimate of 58 cents. Sales rose 15% year over year to $478.113 million and exceeded the $469.745 million consensus. Sales-led subscription revenue rose 18% year over year to $399 million.

Constant-currency revenue growth accelerated to 15% from 14% in the fourth quarter.

The company saw notable customer growth, particularly among customers spending more than $100,000 annually, with 37% of these customers using Elastic for AI-related use cases.

Adjusted operating margin was 16.2%, above guidance, while subscription and total gross margins were 81% and 77%, respectively.

Elastic returned about $40 million to shareholders through repurchases of approximately 800,000 shares.

Since launching its $500 million buyback program in October 2025, the company had used $380 million and repurchased 5.2 million shares as of quarter-end.

Strong AI AdoptionElastic ended the quarter with more than 1,800 customers generating at least $100,000 in annual contract value (ACV), adding more than 80 customers to the cohort—the largest quarterly increase to date.

These customers now contribute 90% of sales-led subscription revenue, up from 87% a year ago.

AI adoption also increased, with more than 37% of the $100,000-plus cohort, or over 670 customers, using Elastic for AI use cases, up from 21% a year ago; 70 net AI customers were added during the quarter.

Current remaining performance obligations (cRPO) rose 21% year over year to $1.2 billion, with constant-currency growth at 20% for the second straight quarter, while RPO increased 27% to $1.9 billion on both reported and constant-currency bases.

Net expansion rate was 111% versus 112% in the fourth quarter, with improvement expected within four quarters as constant-currency revenue growth accelerates through fiscal 2027.

Elastic rolled out AI capabilities including VectorDB, Index Mode, auto-calibration and Jina’s multimodal and multilingual search for on-premises and air-gapped environments.

The company acquired Deductive AI to automate complex investigations using reinforcement learning and continued strengthening security with Attack Discovery.

For the second quarter, the company expects adjusted EPS of 80 cents-82 cents versus the street view of 80 cents. Also, Elastic sees sales of $486 million-$487 million versus $483.397 million expected.

For the second quarter, Elastic expects sales-led subscription revenue of $407.5 million-$408.5 million.

The company raised its fiscal 2027 adjusted EPS guidance to $3.29-$3.37 from $3.21-$3.29, above the $3.24 estimate, and increased its sales outlook to $1.998 billion-$2.010 billion from $1.985 billion-$2 billion, compared with the $1.993 billion consensus.

Sales-led subscription revenue is projected at $1.682 billion-$1.694 billion, up 17.4% reported and 17.5% in constant currency for the fiscal year.

Elastic expects another $2 million-$5 million in restructuring charges after about $20 million for the remainder of the fiscal year.

The company says it remains on track to exceed 20% sales-led subscription growth and improve its Rule of 40 performance.

ESTC Stock Price Activity: Elastic shares were up 21.26% at $101.54 with early trading on Friday, according to Benzinga Pro.

Photo via Shutterstock 

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Elastic N.V.‘s (NYSE:ESTC) blowout fiscal first-quarter earnings didn’t just reward shareholders—it also put a spotlight on a split among prominent hedge funds.

While Paul Tudor Jones‘ firm initiated a new position ahead of the quarter, Steven Cohen‘s Point72 reduced its exposure before shares surged nearly 30% in pre-market trading on Friday, after the results.

The contrasting moves emerged as Elastic delivered a stronger-than-expected fiscal first-quarter report, raised full-year guidance, and highlighted accelerating adoption of its AI-powered search platform, sending the stock to fresh 52-week highs in pre-market trading.

Paul Tudor Jones And Steve Cohen Took Different Approaches To ElasticQuarterly institutional filings show Tudor Investment, led by Paul Tudor Jones, established a new position in Elastic during the second quarter, purchasing roughly 204,000 shares.

Meanwhile, Point72 Asset Management, Steve Cohen’s hedge fund, reduced its holding by about 42%, trimming roughly 474,000 shares during the same period. Other notable managers were similarly divided. DE Shaw and Gotham Asset Management added to their positions, while AQR Capital Management, Millennium Management and Goldentree Asset Management pared theirs.

Read Next

Those filings capture positioning ahead of Elastic’s earnings report—meaning investors were expressing differing views on the company’s AI trajectory before management delivered its latest update.

Elastic Gave Investors Plenty to LikeThe company reported adjusted earnings of 70 cents per share on $478 million in revenue, comfortably ahead of Wall Street expectations. Management also raised its full-year outlook after describing record additions of large enterprise customers and growing momentum across Search & AI, Security and Observability.

Chief Executive Ash Kulkarni said the company is benefiting from a shift in how enterprises are adopting artificial intelligence. “AI is reshaping the enterprise technology stack.”

Elastic also disclosed that more than 37% of customers generating over $100,000 in annual contract value now use the platform for AI workloads, up from about 21% a year earlier. The company completed its acquisition of Deductive AI earlier this week, strengthening its AI-powered observability capabilities.

Beyond the Earnings: Elastic’s Technical Picture StrengthensChart created using Benzinga Pro

The stock recently formed a Golden Cross, a widely watched bullish signal that occurs when the 50-day moving average rises above the 200-day moving average, often indicating improving long-term momentum. Friday’s earnings-driven rally pushed the shares decisively above that crossover, while trading volume expanded sharply as the stock broke out to new 52-week highs.

Momentum indicators also remain elevated. The Relative Strength Index (RSI) has climbed toward overbought territory, reflecting the intensity of the post-earnings buying, while the stock is trading above its upper Bollinger Band—a sign of strong momentum that can sometimes precede increased volatility.

Institutional Investors Were Far From UnanimousTudor Jones’ decision to establish a position contrasts with Point72’s reduction, but the quarter ultimately reinforced management’s argument that AI is becoming a durable growth driver rather than a short-lived catalyst.

For investors, the next question is whether Elastic can sustain that momentum. Record additions of large enterprise customers, rising AI adoption across its installed base and a higher full-year outlook suggest demand remains healthy.

After a nearly 30% post-earnings rally, however, the focus will shift from beating expectations to proving that AI-led growth can continue at this pace.

Read Next

Image via Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares of Elastic (ESTC +19.31%) surged on Friday after the enterprise search company issued an upbeat growth forecast.

Image source: Getty Images.

AI-fueled gains Elastic is integrating artificial intelligence (AI) into its core search technology to help its customers transform their data into actionable insights.

The strategy is working.

Elastic's total revenue jumped 15% year over year to $478 million in its fiscal 2027 first quarter, which ended on July 31.

The gains were driven by new customer wins and higher sales to existing clients. Customers with an annual contract value of more than $100,000 increased to more than 1,800, up from 1,720 in the fourth quarter and 1,550 in the first quarter of fiscal 2026.

"AI is reshaping the enterprise technology stack, and organizations are making deliberate choices about where to build and how to observe and secure their applications and data," CEO Ash Kulkarni said.

Premium Feature

Moneyball Superscore

76/100

Today's Change

(

19.31

%) $

16.17

Current Price

$

99.91

Better still, Elastic is growing more profitable as it expands its customer base. Its adjusted operating income climbed 19% to $77 million.

Elastic's adjusted earnings per share, in turn, increased 17% to $0.70. That surpassed Wall Street's estimates, which had called for per-share profits of $0.58.

Management sees more gains ahead Elastic now expects its full-year revenue to grow roughly 15% to $2 billion, driving adjusted earnings per share of $3.29 to $3.37.

"We enter the year with growing momentum across search and AI, security, and observability -- and confidence in the trajectory of our business," Kulkarni said.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends Elastic. The Motley Fool has a disclosure policy.

Elastic (NYSE: ESTC) has completed the acquisition of Deductive AI, an AI-powered investigation platform that helps engineering teams identify and resolve production issues faster. The acquisition advances Elastic's goal to set the standard for production incident investigation by bringing more AI-powered investigation and automation to Elastic Observability.

As modern applications grow more distributed, interconnected and complex, engineers have more telemetry than ever, but spend too much time manually piecing together information across tools to understand what happened, why it happened, and what to do next. Deductive AI moves beyond simply summarizing alerts or suggesting where to look. Its technology is designed to take on more of the investigation itself while keeping engineers in control.

"Engineering teams today are drowning in telemetry but starved for answers," said Ash Kulkarni, chief executive officer, Elastic. "We have been building AI into Elastic Observability to move teams from detection to resolution faster. Deductive AI brings a sophisticated reinforcement learning harness for root cause analysis that accelerates this work. Together with the depth of telemetry and context in Elastic, it brings us closer to fundamentally changing how production incidents are investigated."

Deductive AI adds an AI SRE agent that gathers evidence, forms and tests hypotheses, and reasons across code, telemetry, and organizational knowledge to determine root cause. Its investigation engine learns which paths lead to useful evidence and successful outcomes, so every investigation can improve the next. Combined with Elastic’s ability to infer meaningful entities, relationships, and significant operational events from telemetry, these capabilities will help engineering teams investigate and resolve production issues faster.

"We've always believed that engineering teams deserve better than hours spent manually tracing the root cause of every incident," said Rakesh Kothari, former chief executive officer and cofounder, Deductive AI. "Joining Elastic lets us bring that conviction to a much larger audience and dramatically accelerate the development of AI-powered investigation capabilities. The opportunity ahead is unlike anything we could have built on our own."

Existing Deductive AI customers will continue to receive support while integration plans are developed. Additional product roadmap details will be shared in the coming months.

Read the blog to learn more.

About Elastic

Elastic (NYSE: ESTC) integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. The Elasticsearch Platform, which is the foundation for its search, observability, and security solutions, is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of elasticsearch B.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260824863894/en/

Wall Street analysts expect Elastic (ESTC - Free Report) to post quarterly earnings of $0.58 per share in its upcoming report, which indicates a year-over-year decline of 3.3%. Revenues are expected to be $469.49 million, up 13.1% from the year-ago quarter.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 18.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

That said, let's delve into the average estimates of some Elastic metrics that Wall Street analysts commonly model and monitor.

Based on the collective assessment of analysts, 'Revenue- Services' should arrive at $27.18 million. The estimate suggests a change of +1.8% year over year.

The combined assessment of analysts suggests that 'Revenue- Subscription' will likely reach $442.32 million. The estimate points to a change of +13.8% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Revenue- Subscription- Elastic Cloud- Total' of $229.23 million. The estimate indicates a year-over-year change of +17.1%.

Analysts predict that the 'Revenue- Subscription- Other subscription' will reach $213.08 million. The estimate indicates a year-over-year change of +10.5%.

View all Key Company Metrics for Elastic here>>>

Over the past month, shares of Elastic have returned +46.5% versus the Zacks S&P 500 composite's +2.3% change. Currently, ESTC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Elastic (ESTC - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 27. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis software developer is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of -3.3%.

Revenues are expected to be $469.49 million, up 13.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 34.45% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Elastic?For Elastic, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Elastic will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Elastic would post earnings of $0.56 per share when it actually produced earnings of $0.61, delivering a surprise of +8.93%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Elastic doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Internet - Software industry, Salesforce (CRM - Free Report) , is soon expected to post earnings of $3.27 per share for the quarter ended July 2026. This estimate indicates a year-over-year change of +12.4%. Revenues for the quarter are expected to be $11.3 billion, up 10.4% from the year-ago quarter.

The consensus EPS estimate for Salesforce has been revised 0.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.65%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Salesforce will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Elastic (ESTC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Posted by Defense World Staff on Aug 5th, 2026

Amundi grew its stake in shares of Elastic N.V. (NYSE:ESTC – Free Report) by 37.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,604 shares of the company’s stock after acquiring an additional 80,441 shares during the quarter. Amundi owned about 0.29% of Elastic worth $14,827,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ESTC. Sound Income Strategies LLC acquired a new position in Elastic during the 4th quarter worth approximately $25,000. Bessemer Group Inc. acquired a new stake in Elastic during the first quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in Elastic during the second quarter valued at approximately $31,000. Activest Wealth Management lifted its holdings in Elastic by 3,181.2% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after buying an additional 509 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Elastic by 206.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after acquiring an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Elastic Stock Up 3.5% Shares of Elastic stock opened at $71.14 on Wednesday. The stock has a 50-day moving average price of $60.94 and a 200 day moving average price of $57.25. The company has a market cap of $7.39 billion, a P/E ratio of 20.33, a P/E/G ratio of 15.56 and a beta of 0.98. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. Elastic N.V. has a 1 year low of $42.05 and a 1 year high of $96.07.

Elastic (NYSE:ESTC – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The firm had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, analysts expect that Elastic N.V. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Elastic In related news, insider Carolyn Herzog sold 9,485 shares of Elastic stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $574,885.85. Following the transaction, the insider owned 128,439 shares in the company, valued at $7,784,687.79. This trade represents a 6.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ashutosh Kulkarni sold 40,373 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $2,447,007.53. Following the sale, the chief executive officer owned 628,752 shares of the company’s stock, valued at $38,108,658.72. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 110,099 shares of company stock worth $6,673,100. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets Several analysts recently weighed in on ESTC shares. Wolfe Research set a $55.00 price objective on shares of Elastic in a research report on Friday, May 29th. Rothschild & Co Redburn assumed coverage on shares of Elastic in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price target on the stock. Barclays cut their price target on Elastic from $76.00 to $68.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Canaccord Genuity Group reduced their price objective on Elastic from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Finally, Weiss Ratings raised Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Seventeen research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.78.

View Our Latest Stock Analysis on Elastic

About Elastic (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.

Featured Articles Five stocks we like better than Elastic System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter

Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAmundi Has $12.53 Million Position in QuantumScape Corporation $QS

NEXT HEADLINE »Amundi Buys Shares of 367,394 SPDR Blackstone Senior Loan ETF $SRLN

[url="]Elastic[/url] (NYSE: ESTC), the Search AI Company, today announced major advances to its agentic security operations platform ahead of Black Hat USA 2026

Elastic (ESTC - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ESTC broke through the 200-day moving average, which suggests a long-term bullish trend.

The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support or resistance level.

Over the past four weeks, ESTC has gained 10.3%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher.

Looking at ESTC's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on ESTC for more gains in the near future.

Posted by Defense World Staff on Jul 30th, 2026

Bank of New York Mellon Corp reduced its position in Elastic N.V. (NYSE:ESTC – Free Report) by 18.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 393,885 shares of the company’s stock after selling 91,475 shares during the quarter. Bank of New York Mellon Corp owned about 0.38% of Elastic worth $19,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ESTC. Sound Income Strategies LLC bought a new position in Elastic in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Elastic during the second quarter valued at approximately $31,000. Activest Wealth Management lifted its stake in Elastic by 3,181.2% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Elastic by 16,200.0% in the 4th quarter. Quarry LP now owns 652 shares of the company’s stock valued at $49,000 after purchasing an additional 648 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes A number of equities analysts have recently commented on ESTC shares. Wolfe Research set a $55.00 price target on Elastic in a report on Friday, May 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $59.00 price objective on shares of Elastic in a research note on Thursday, June 25th. Citigroup lifted their target price on Elastic from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Weiss Ratings upgraded Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group began coverage on Elastic in a research note on Tuesday, April 21st. They set a “neutral” rating and a $50.00 target price for the company. Seventeen equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.78.

View Our Latest Stock Analysis on ESTC

Insider Activity at Elastic In related news, insider Carolyn Herzog sold 9,485 shares of Elastic stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $574,885.85. Following the sale, the insider directly owned 128,439 shares in the company, valued at $7,784,687.79. This trade represents a 6.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ken Exner sold 18,449 shares of Elastic stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,118,193.89. Following the sale, the insider owned 360,037 shares in the company, valued at approximately $21,821,842.57. This represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 110,099 shares of company stock valued at $6,673,100. Corporate insiders own 12.70% of the company’s stock.

Elastic Trading Up 3.7% NYSE ESTC opened at $64.38 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $96.07. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 14.06 and a beta of 1.00. The business’s fifty day moving average is $59.89 and its 200 day moving average is $57.48.

Elastic (NYSE:ESTC – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.Elastic’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, sell-side analysts expect that Elastic N.V. will post 0.26 EPS for the current fiscal year.

About Elastic (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.

Featured Stories Five stocks we like better than Elastic Why SK hynix Could Be the Best AI Chip Stock to Buy Now Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead? Why Bloom Energy May Be the Most Important AI Infrastructure Stock Want to see what other hedge funds are holding ESTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elastic N.V. (NYSE:ESTC – Free Report).

Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEGenworth Financial, Inc. $GNW Stake Lessened by Bank of New York Mellon Corp

NEXT HEADLINE »Boise Cascade, L.L.C. $BCC Stock Holdings Lessened by Bank of New York Mellon Corp

After reaching an important support level, Elastic (ESTC - Free Report) could be a good stock pick from a technical perspective. ESTC surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.

Over the past four weeks, ESTC has gained 7.5%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher.

The bullish case only gets stronger once investors take into account ESTC's positive earnings estimate revisions. There have been 7 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.

Investors may want to watch ESTC for more gains in the near future given the company's key technical level and positive earnings estimate revisions.

Elastic (NYSE: ESTC), the Search AI Company, today announced that Jina AI models are available for on-premises and air-gapped environments through Jina On-Prem.

Shares of Elastic (ESTC - Free Report) have gained 7% over the past four weeks to close the last trading session at $57.33, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $72.4 indicates a potential upside of 26.3%.

The mean estimate comprises 25 short-term price targets with a standard deviation of $13.37. While the lowest estimate of $55.00 indicates a 4.1% decline from the current price level, the most optimistic analyst expects the stock to surge 84.9% to reach $106.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

But, for ESTC, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why ESTC Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 13.5%.

Moreover, ESTC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much ESTC could gain, the direction of price movement it implies does appear to be a good guide.

On July 21, 2026, Elastic NV ESTC shares fell 4.1% today, bringing the current price to $60.18. Over the last 52 weeks, the stock has traded between a high of $96.07 and a low of $42.05.

GF Value™ verdict: Current price of $60.18 is 42.2% below the GF Value™ of $104.13.GF Score™ of 74/100 indicates an above-average stock based on GuruFocus' historical data.Insider activity shows that insiders sold $6.7M in shares over the last 3 months, with no buying activity. Is ESTC Overvalued or Undervalued? The current price of Elastic NV ESTC at $60.18 represents a significant discount compared to the GF Value™ of $104.13, implying that the stock is undervalued by 42.2%. This margin of safety is appealing for those who adhere to value investing principles, suggesting a potential upside if the stock price aligns more closely with its intrinsic value. The GF Valuation label indicates that ESTC is significantly undervalued, reinforcing the notion that there could be a robust opportunity for long-term gains if the company can enhance its performance and investor sentiment improves.

However, potential investors should consider that the stock has been under pressure, with a year-to-date decline of 20.2% and a one-year drop of 30.7%. This downward momentum may stem from various factors, including overall market conditions and company-specific challenges. Therefore, while the undervaluation presents an opportunity, investors must remain cautious regarding the underlying risks that could hinder a rebound in share price.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

How Does ESTC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 17.2x 189.8x Forward P/E 18.6x N/A The current P/E ratio of 17.2x is notably lower than its 5-year median P/E of 189.8x, indicating that the stock is trading well below its historical valuation. This P/E analysis aligns with the GF Value™ verdict, which suggests that ESTC is undervalued. The substantial difference between the current P/E and the historical median may reflect market skepticism regarding future growth or profitability, but it also emphasizes the potential for price correction if investor confidence returns.

What Does ESTC's GF Score™ Tell Us? Metric Rating GF Score™ 74 Financial Strength 6/10 Profitability 4/10 Growth 9/10 Valuation 4/10 Momentum 4/10 The GF Score™ of 74/100 indicates that Elastic NV is positioned above average compared to its peers. The strongest aspect of the score is its Growth rank of 9/10, suggesting a robust potential for future expansion and revenue growth. However, the weakest areas are Profitability and Valuation, both rated 4/10, which may indicate challenges in generating profits and achieving favorable valuation metrics in the current market environment. This mixed assessment highlights both the growth potential and the hurdles that could impact the company's financial health.

What Are Insiders Doing with ESTC Stock? Recent insider activity reveals that insiders have sold $6.7 million worth of shares in the last three months without any buying activity. This pattern of selling may raise concerns among potential investors, as it could signal a lack of confidence from those who are closely associated with the company. Insiders typically have better insights into the company's prospects, and such selling could indicate that they are not optimistic about short-term performance or future growth.

Without any buying activity from insiders, it could be interpreted as a cautious stance on the part of those within the company, further emphasizing the need for external investors to conduct thorough due diligence before making investment decisions.

What This Means for Investors Based on the GF Value™ assessment, Elastic NV ESTC appears to be undervalued at its current price of $60.18. The significant discount to the GF Value™ of $104.13 suggests a potential opportunity for investors. However, it is essential to consider the broader market trends, insider selling, and overall company performance before arriving at any investment conclusions.

For the complete analysis, visit the Elastic NV ESTC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is ESTC's GF Score™?

ESTC has a GF Score™ of 74/100, indicating it is above average compared to peers based on various financial metrics.

Is ESTC overvalued or undervalued?

According to the GF Value™ assessment, ESTC is undervalued, with a current price of $60.18 being 42.2% below its estimated fair value of $104.13.

What is ESTC's P/E ratio?

ESTC's P/E ratio is 17.2x, which is significantly below its 5-year median P/E of 189.8x, suggesting it is trading at a lower valuation compared to its historical averages.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced today that it has achieved the AI Security distinction in the Amazon Web Services (AWS) Security Competency. This designation recognizes that Elastic has demonstrated and successfully met the AWS technical and quality requirements for providing customers with a deep level of expertise in AI Security and Threat Detection and Response, to help them achieve their cloud security goals. As enterprises adopt genera.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Elastic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 24, 2026, Elastic disclosed in a filing with the U.S. Securities and Exchange Commission ("SEC") that, in connection with "a plan . . . intended to simplify team structures, reduce organizational complexity, improve decision-making speed, reallocate resources towards key growth areas, and invest in the skills and capabilities needed to support the Company's ongoing growth", Elastic "expects to reduce its workforce by approximately 7%."  The Company said that it "expects to incur total non-recurring cash charges of approximately $22 million to $25 million under the plan, which will primarily consist of employee-related costs, including severance and other termination benefits."  In the same press release, Elastic disclosed that "Ken Exner, the Company's Chief Product Officer, notified the Company of his decision to resign from his position as Chief Product Officer", effective July 17, 2026. 

On this news, Elastic's stock price fell $5.11 per share, or 8.7%, to close at $53.60 per share on June 25, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Elastic N.V. (“Elastic” or the “Company”) (NYSE: ESTC).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Elastic and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 24, 2026, Elastic disclosed in a filing with the U.S. Securities and Exchange Commission (“SEC”) that, in connection with “a plan . . . intended to simplify team structures, reduce organizational complexity, improve decision-making speed, reallocate resources towards key growth areas, and invest in the skills and capabilities needed to support the Company's ongoing growth”, Elastic “expects to reduce its workforce by approximately 7%.”  The Company said that it “expects to incur total non-recurring cash charges of approximately $22 million to $25 million under the plan, which will primarily consist of employee-related costs, including severance and other termination benefits.”  In the same press release, Elastic disclosed that “Ken Exner, the Company’s Chief Product Officer, notified the Company of his decision to resign from his position as Chief Product Officer”, effective July 17, 2026. 

On this news, Elastic’s stock price fell $5.11 per share, or 8.7%, to close at $53.60 per share on June 25, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980