Cantor Fitzgerald Comments on Elastic FY2025 Earnings

Elastic (NYSE:ESTC) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Elastic in a research report issued to clients and investors 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.

Several other research firms also recently commented on ESTC. Stifel Nicolaus upped their price objective on shares of Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Robert W. Baird raised shares of Elastic from a “neutral” rating to an “outperform” rating and upped their price target for the company from $95.00 to $135.00 in a report on Friday, November 22nd. William Blair upgraded Elastic from a “market perform” rating to an “outperform” rating in a research note on Monday, October 14th. Barclays upped their target price on Elastic from $105.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Piper Sandler lifted their price target on Elastic from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Elastic currently has an average rating of “Moderate Buy” and a consensus price target of $125.35.

Elastic Price Performance

Shares of NYSE ESTC opened at $104.15 on Friday. Elastic has a 52 week low of $69.00 and a 52 week high of $136.06. The business’s 50 day moving average price is $102.60 and its 200 day moving average price is $95.49. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The firm has a market cap of $10.79 billion, a P/E ratio of 189.35 and a beta of 1.06.

Insider Activity

In other news, CTO Shay Banon sold 150,000 shares of the company’s stock in a transaction 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 transaction, the chief technology officer now owns 2,604,978 shares of the company’s stock, valued at $288,944,159.76. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ashutosh Kulkarni sold 7,017 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total value of $758,678.04. Following the sale, the chief executive officer now directly owns 395,326 shares of the company’s stock, valued at $42,742,647.12. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock valued at $18,637,562 in the last 90 days. Company insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Elastic

A number of hedge funds have recently made changes to their positions in ESTC. American Century Companies Inc. lifted its stake in Elastic by 10.0% during the second quarter. American Century Companies Inc. now owns 30,410 shares of the company’s stock worth $3,464,000 after purchasing an additional 2,777 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Elastic by 16.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 216,287 shares of the company’s stock worth $24,640,000 after acquiring an additional 30,810 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Elastic by 23.3% during the 2nd quarter. Hsbc Holdings PLC now owns 15,486 shares of the company’s stock valued at $1,772,000 after acquiring an additional 2,927 shares during the period. ProShare Advisors LLC grew its position in Elastic by 28.7% in the 2nd quarter. ProShare Advisors LLC now owns 2,873 shares of the company’s stock valued at $327,000 after acquiring an additional 641 shares in the last quarter. Finally, AXA S.A. increased its stake in Elastic by 8.4% during the second quarter. AXA S.A. now owns 178,542 shares of the company’s stock worth $20,338,000 after purchasing an additional 13,905 shares during the period. Hedge funds and other institutional investors 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.