What is Scotiabank’s Estimate for Elastic FY2026 Earnings?

Elastic (NYSE:ESTC) – Analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of Elastic in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Colville anticipates that the company will post earnings of ($0.80) per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $135.00 target price on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.79) per share.

Other equities analysts also recently issued research reports about the stock. Truist Financial increased their price objective on shares of Elastic from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Guggenheim increased their price target on Elastic from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research report on Friday, November 22nd. Citigroup increased their target price on Elastic from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. boosted their price target on Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

Elastic Stock Down 0.7 %

ESTC stock opened at $97.94 on Thursday. The stock has a market capitalization of $10.15 billion, a P/E ratio of 178.07 and a beta of 1.06. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The firm has a 50-day moving average price of $99.86 and a 200-day moving average price of $96.44.

Insider Buying and Selling at Elastic

In other news, CEO Ashutosh Kulkarni sold 7,017 shares of Elastic stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the transaction, the chief executive officer now directly owns 395,326 shares in the company, valued at $42,742,647.12. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Shay Banon sold 150,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total transaction of $16,638,000.00. Following the completion of the sale, the chief technology officer now owns 2,604,978 shares in the company, valued at $288,944,159.76. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,162 shares of company stock valued at $18,637,562. Corporate insiders own 15.90% of the company’s stock.

Institutional Trading of Elastic

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in Elastic in the 2nd quarter valued at $40,000. Eastern Bank purchased a new stake in shares of Elastic in the third quarter valued at about $61,000. Headlands Technologies LLC lifted its position in shares of Elastic by 75.4% during the second quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock valued at $72,000 after purchasing an additional 270 shares in the last quarter. Blue Trust Inc. boosted its holdings in Elastic by 21.2% during the third quarter. Blue Trust Inc. now owns 2,582 shares of the company’s stock worth $198,000 after purchasing an additional 452 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Elastic in the 3rd quarter worth about $211,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

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.