Elastic (NYSE:ESTC) Issues FY25 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $1.52-1.56 for the period, compared to the consensus EPS estimate of $1.42. The company issued revenue guidance of $1.436-1.444 billion, compared to the consensus revenue estimate of $1.48 billion. Elastic also updated its FY 2025 guidance to 1.520-1.560 EPS.

Elastic Trading Down 26.5 %

Shares of ESTC traded down $27.45 during midday trading on Friday, hitting $76.19. The stock had a trading volume of 11,701,703 shares, compared to its average volume of 1,301,841. Elastic has a 1 year low of $59.30 and a 1 year high of $136.06. The firm has a market cap of $7.75 billion, a PE ratio of 143.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.76. The stock’s 50 day moving average is $109.70 and its 200 day moving average is $108.47.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.03). The company had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $329.15 million. Elastic had a negative return on equity of 20.83% and a net margin of 4.87%. As a group, analysts forecast that Elastic will post -1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ESTC. Needham & Company LLC reaffirmed a hold rating on shares of Elastic in a research note on Friday. Barclays cut their target price on shares of Elastic from $117.00 to $106.00 and set an equal weight rating on the stock in a research report on Friday. Wells Fargo & Company cut their target price on shares of Elastic from $145.00 to $100.00 and set an overweight rating on the stock in a research report on Friday. DA Davidson cut their target price on shares of Elastic from $100.00 to $75.00 and set a neutral rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Elastic from $138.00 to $125.00 and set an overweight rating on the stock in a research report on Friday, May 24th. Nine analysts have rated the stock with a hold rating and thirteen have issued a 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 $105.20.

Insider Buying and Selling at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 2,281 shares of Elastic 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 $250,681.90. Following the completion of the sale, the executive now directly owns 106,344 shares in the company, valued at approximately $11,687,205.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Elastic news, CRO Mark Eugene Dodds sold 2,281 shares of Elastic 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 $250,681.90. Following the completion of the sale, the executive now directly owns 106,344 shares in the company, valued at approximately $11,687,205.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Shay Banon sold 180,000 shares of Elastic stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $107.82, for a total transaction of $19,407,600.00. Following the transaction, the chief technology officer now directly owns 2,874,978 shares of the company’s stock, valued at $309,980,127.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 355,312 shares of company stock worth $38,626,610. Company insiders own 18.10% of the company’s stock.

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.