Elastic (NYSE:ESTC – Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.460-0.480 for the period, compared to the consensus EPS estimate of 0.380. The company issued revenue guidance of $367.0 million-$369.0 million, compared to the consensus revenue estimate of $355.9 million. Elastic also updated its FY 2025 guidance to 1.680-1.720 EPS.
Analysts Set New Price Targets
ESTC has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on Elastic from $120.00 to $98.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Bank of America cut shares of Elastic from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $94.00 in a report on Friday, August 30th. Wells Fargo & Company reduced their target price on shares of Elastic from $145.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Royal Bank of Canada cut their price target on Elastic from $135.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, UBS Group decreased their price objective on Elastic from $135.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.43.
View Our Latest Report on ESTC
Elastic Trading Up 6.3 %
Elastic (NYSE:ESTC – Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Elastic had a negative return on equity of 17.54% and a net margin of 4.62%. The firm had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. During the same quarter in the previous year, the company earned ($0.35) EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts expect that Elastic will post -0.92 EPS for the current year.
Insider Buying and Selling
In other Elastic news, Director Paul R. Auvil III bought 20,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $74.25 per share, with a total value of $1,485,000.00. Following the purchase, the director now directly owns 22,627 shares in the company, valued at $1,680,054.75. The trade was a 761.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 4,489 shares of the 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 $315,352.25. Following the completion of the sale, the insider now directly owns 102,959 shares of the company’s stock, valued at $7,232,869.75. This trade represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,406 shares of company stock valued at $2,627,772. Company insiders own 15.90% 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.
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