Cantor Fitzgerald Weighs in on Elastic FY2025 Earnings

Elastic (NYSE:ESTC) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Elastic in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts that the company will post earnings per share of ($0.72) for the year. Cantor Fitzgerald has a “Hold” rating and a $108.00 price target on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.77) per share.

ESTC has been the topic of several other research reports. William Blair raised shares of Elastic from a “market perform” rating to an “outperform” rating in a report on Monday, October 14th. Robert W. Baird upgraded shares of Elastic from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $95.00 to $135.00 in a report on Friday, November 22nd. Wells Fargo & Company lifted their price objective on shares of Elastic from $100.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial raised their price target on Elastic from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a research report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and an average target price of $125.35.

Elastic Price Performance

ESTC stock opened at $104.15 on Friday. The business’s 50-day moving average is $102.60 and its two-hundred day moving average is $95.49. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $10.79 billion, a P/E ratio of 189.35 and a beta of 1.06. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06.

Insider Activity at Elastic

In other news, CTO Shay Banon sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total value of $16,638,000.00. Following the completion of the sale, the chief technology officer now directly owns 2,604,978 shares of the company’s stock, valued at $288,944,159.76. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn Herzog sold 11,145 shares of Elastic stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total value of $1,240,884.30. Following the completion of the sale, the insider now owns 92,011 shares in the company, valued at approximately $10,244,504.74. This trade represents a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,162 shares of company stock worth $18,637,562 in the last three months. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Elastic

A number of hedge funds and other institutional investors have recently bought and sold shares of ESTC. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the 4th quarter worth $25,000. Quarry LP purchased a new stake in Elastic during the second quarter worth about $40,000. FNY Investment Advisers LLC grew its position in Elastic by 87.3% during the fourth quarter. FNY Investment Advisers LLC now owns 749 shares of the company’s stock worth $74,000 after buying an additional 349 shares during the period. Eastern Bank purchased a new position in Elastic in the third quarter valued at about $61,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Elastic during the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

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.