Elastic (NYSE:ESTC) Updates FY25 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $1.68-1.72 for the period, compared to the consensus EPS estimate of $1.53. The company issued revenue guidance of $1.451-1.457 billion, compared to the consensus revenue estimate of $1.44 billion. Elastic also updated its FY 2025 guidance to 1.680-1.720 EPS.

Elastic Stock Performance

Shares of ESTC opened at $94.57 on Friday. The firm has a market capitalization of $9.72 billion, a P/E ratio of 171.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.91 and a quick ratio of 1.91. Elastic has a one year low of $69.00 and a one year high of $136.06. The business has a fifty day moving average of $80.71 and a 200 day moving average of $97.05.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Elastic had a negative return on equity of 17.54% and a net margin of 4.62%. The business had revenue of $347.42 million during the quarter, compared to the consensus estimate of $344.67 million. During the same period in the previous year, the company posted ($0.35) EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Elastic will post -0.92 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on ESTC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price target on shares of Elastic in a research report on Wednesday. Wedbush raised Elastic to a “hold” rating in a report on Thursday, October 17th. UBS Group cut their price target on Elastic from $135.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 30th. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research report on Friday. Finally, Barclays lifted their price objective on Elastic from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.29.

Insiders Place Their Bets

In other Elastic news, CTO Shay Banon sold 2,666 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $187,286.50. Following the sale, the chief technology officer now directly owns 4,543,190 shares in the company, valued at $319,159,097.50. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul R. Auvil III bought 20,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $74.25 per share, with a total value of $1,485,000.00. Following the acquisition, the director now owns 22,627 shares in the company, valued at approximately $1,680,054.75. This trade represents a 761.32 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 37,406 shares of company stock valued at $2,627,772 in the last quarter. 15.90% of the stock is currently owned by insiders.

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.