Wedbush Estimates Elastic’s Q2 Earnings (NYSE:ESTC)

Elastic (NYSE:ESTC) – Wedbush issued their Q2 2025 earnings per share estimates for Elastic in a note issued to investors on Thursday, October 17th. Wedbush analyst D. Ives anticipates that the company will post earnings per share of ($0.26) for the quarter. Wedbush has a “Hold” rating on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.91) per share. Wedbush also issued estimates for Elastic’s Q3 2025 earnings at ($0.23) EPS, Q4 2025 earnings at ($0.23) EPS, FY2025 earnings at ($1.01) EPS, Q1 2026 earnings at ($0.27) EPS, Q2 2026 earnings at ($0.25) EPS, Q3 2026 earnings at ($0.24) EPS, Q4 2026 earnings at ($0.22) EPS and FY2026 earnings at ($0.98) EPS.

Elastic (NYSE:ESTC) last announced its quarterly earnings results 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 company had revenue of $347.42 million during the quarter, compared to the consensus estimate of $344.67 million. During the same period in the prior year, the company earned ($0.35) earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Several other research firms have also recently weighed in on ESTC. Jefferies Financial Group lowered their price target on shares of Elastic from $140.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, August 30th. William Blair upgraded Elastic from a “market perform” rating to an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company cut their target price on shares of Elastic from $145.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Truist Financial cut their price target on Elastic from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, DA Davidson lowered their target price on Elastic from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average price target of $103.71.

Elastic Trading Down 1.3 %

ESTC opened at $80.47 on Monday. The stock has a market capitalization of $8.19 billion, a P/E ratio of 151.83 and a beta of 0.94. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The firm’s fifty day simple moving average is $84.84 and its 200 day simple moving average is $99.57.

Hedge Funds Weigh In On Elastic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of Elastic by 12.7% during the first quarter. Advisors Asset Management Inc. now owns 1,053 shares of the company’s stock worth $106,000 after buying an additional 119 shares during the period. Signaturefd LLC increased its holdings in Elastic by 44.1% in the second quarter. Signaturefd LLC now owns 389 shares of the company’s stock valued at $44,000 after buying an additional 119 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Elastic by 8.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,469 shares of the company’s stock valued at $278,000 after acquiring an additional 185 shares during the period. Headlands Technologies LLC boosted its stake in shares of Elastic by 75.4% during the 2nd quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock worth $72,000 after acquiring an additional 270 shares in the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of Elastic by 1,333.3% in the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company’s stock worth $34,000 after acquiring an additional 280 shares during the period. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Elastic news, CFO Janesh Moorjani sold 6,941 shares of Elastic stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $487,605.25. Following the completion of the sale, the chief financial officer now owns 195,550 shares of the company’s stock, valued at approximately $13,737,387.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Paul R. Auvil III purchased 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $74.25 per share, with a total value of $1,485,000.00. Following the completion of the purchase, the director now directly owns 22,627 shares of the company’s stock, valued at approximately $1,680,054.75. The trade was a 700.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Janesh Moorjani sold 6,941 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the sale, the chief financial officer now directly owns 195,550 shares of the company’s stock, valued at approximately $13,737,387.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,406 shares of company stock worth $2,627,772. 18.10% of the stock is owned by corporate 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.