Elastic (NYSE:ESTC) Updates FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.680-1.720 for the period, compared to the consensus earnings per share estimate of 1.540. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Elastic also updated its FY25 guidance to $1.68-1.72 EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Canaccord Genuity Group upped their price objective on Elastic from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. UBS Group decreased their price target on shares of Elastic from $135.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price objective on shares of Elastic in a research report on Wednesday. Citigroup lifted their target price on shares of Elastic from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research note on Friday. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.00.

Elastic Stock Up 14.7 %

Shares of NYSE ESTC opened at $107.94 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 1.91. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The stock’s 50-day simple moving average is $81.13 and its 200-day simple moving average is $97.04. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 196.25 and a beta of 0.94.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The business had revenue of $347.42 million during the quarter, compared to analyst estimates of $344.67 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. As a group, equities analysts anticipate that Elastic will post -0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul R. Auvil III purchased 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $74.25 per share, for a total transaction of $1,485,000.00. Following the completion of the transaction, the director now owns 22,627 shares of the company’s stock, valued at approximately $1,680,054.75. The trade was a 761.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carolyn Herzog sold 4,489 shares of Elastic stock in a transaction dated Monday, September 9th. The shares were 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 owns 102,959 shares in the company, valued at approximately $7,232,869.75. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,406 shares of company stock valued at $2,627,772 over the last 90 days. 15.90% of the stock is owned by company insiders.

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.