Elastic (NYSE:ESTC) Updates FY 2025 Earnings Guidance

Elastic (NYSE:ESTCGet Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.350-1.470 for the period, compared to the consensus earnings per share estimate of 1.400. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Elastic also updated its FY25 guidance to $1.35-1.47 EPS.

Elastic Trading Down 9.0 %

Shares of NYSE ESTC traded down $9.20 during trading on Thursday, reaching $93.10. The stock had a trading volume of 3,259,796 shares, compared to its average volume of 1,300,920. Elastic has a fifty-two week low of $57.38 and a fifty-two week high of $136.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.87 and a current ratio of 1.87. The business’s 50-day moving average price is $102.58 and its 200-day moving average price is $107.49. The company has a market cap of $9.38 billion, a P/E ratio of 202.39 and a beta of 0.92.

Elastic (NYSE:ESTCGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.01. Elastic had a negative return on equity of 23.94% and a net margin of 4.63%. The business had revenue of $327.96 million during the quarter, compared to analysts’ expectations of $320.48 million. On average, equities research analysts predict that Elastic will post -1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Elastic from $93.00 to $106.00 and gave the stock a neutral rating in a research note on Friday, March 1st. Royal Bank of Canada boosted their target price on Elastic from $134.00 to $147.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Scotiabank lowered their target price on Elastic from $185.00 to $154.00 and set a sector outperform rating for the company in a research note on Friday, March 1st. Truist Financial boosted their target price on Elastic from $130.00 to $140.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. Finally, Oppenheimer upped their price objective on Elastic from $110.00 to $130.00 and gave the stock an outperform rating in a research report on Friday, March 1st. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Elastic currently has an average rating of Moderate Buy and an average target price of $116.05.

View Our Latest Report on ESTC

Insider Buying and Selling

In related news, Director Steven Schuurman sold 815,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total value of $79,495,100.00. Following the sale, the director now owns 8,382,000 shares in the company, valued at approximately $817,580,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Steven Schuurman sold 815,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total value of $79,495,100.00. Following the sale, the director now owns 8,382,000 shares in the company, valued at approximately $817,580,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Shay Banon sold 100,000 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $101.73, for a total value of $10,173,000.00. Following the sale, the chief technology officer now owns 3,254,978 shares in the company, valued at approximately $331,128,911.94. The disclosure for this sale can be found here. Insiders have sold a total of 962,440 shares of company stock worth $94,535,764 in the last quarter. Company insiders own 18.10% of the company’s stock.

About Elastic

(Get Free Report)

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.

Further Reading

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