Elastic (NYSE:ESTC) Updates FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.520-1.560 for the period, compared to the consensus earnings per share estimate of 1.410. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion. Elastic also updated its FY25 guidance to $1.52-1.56 EPS.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Elastic from $130.00 to $120.00 and set a buy rating on the stock in a research note on Friday, May 31st. Citigroup increased their target price on shares of Elastic from $155.00 to $160.00 and gave the stock a buy rating in a report on Wednesday. Rosenblatt Securities restated a buy rating and set a $136.00 price objective on shares of Elastic in a report on Tuesday. Needham & Company LLC restated a hold rating on shares of Elastic in a report on Friday, May 31st. Finally, Robert W. Baird decreased their target price on shares of Elastic from $137.00 to $135.00 and set an outperform rating for the company in a research report on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $121.11.

Elastic Stock Performance

Shares of NYSE ESTC traded up $0.62 during mid-day trading on Thursday, reaching $103.60. 2,444,290 shares of the company were exchanged, compared to its average volume of 1,238,577. The company’s 50-day simple moving average is $110.46 and its 200-day simple moving average is $108.86. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $10.54 billion, a P/E ratio of 195.55 and a beta of 0.98. Elastic has a twelve month low of $59.30 and a twelve month high of $136.06.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.03). Elastic had a negative return on equity of 20.83% and a net margin of 4.87%. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $329.15 million. As a group, research analysts predict that Elastic will post -1.12 earnings per share for the current year.

Insiders Place Their Bets

In other Elastic news, CRO Mark Eugene Dodds sold 2,281 shares of Elastic stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $109.90, for a total value of $250,681.90. Following the completion of the sale, the executive now owns 106,344 shares in the company, valued at approximately $11,687,205.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Mark Eugene Dodds sold 2,281 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $109.90, for a total value of $250,681.90. Following the completion of the transaction, the executive now directly owns 106,344 shares in the company, valued at approximately $11,687,205.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ashutosh Kulkarni sold 18,819 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $109.90, for a total transaction of $2,068,208.10. Following the completion of the transaction, the chief executive officer now owns 461,961 shares of the company’s stock, valued at $50,769,513.90. The disclosure for this sale can be found here. Insiders sold 355,312 shares of company stock worth $38,626,610 in the last quarter. 18.10% of the stock is currently owned by corporate insiders.

Elastic Company Profile

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.