Twenty-nine sell-side analysts cover Elastic, assigning one sell, eleven hold and seventeen buy recommendations. The consensus one-year price objective stands at 104.8750. Recent revisions include Stifel Nicolaus lowering its objective from 134.00 to 108.00 while maintaining a buy stance, Cantor Fitzgerald trimming its objective from 94.00 to 85.00 with a neutral rating, and Royal Bank of Canada cutting its target from 115.00 to 95.00 and reaffirming an outperform opinion. Weiss Ratings has reiterated a sell (d) rating, and Bank of America reduced its target from 111.00 to 90.00 while keeping a neutral outlook.

Chief Revenue Officer Mark Eugene Dodds sold 5,800 shares at an average of 74.60, reducing his stake by 3.47% to 161,484 shares valued at 12,046,706.40. Director Paul R. Auvil III purchased 10,000 shares at an average of 71.02, boosting his holding by 35.77% to 37,956 shares worth approximately 2,695,635.12. Over the past 90 days, insiders have sold a total of 61,828 shares worth 4,641,010, while corporate insiders collectively own 12.70% of the company.

Institutional ownership stands at 97.03%. In the fourth quarter, Sound Income Strategies initiated a stake valued at 25,000, and Activest Wealth Management increased its holding 3,181.3% to 525 shares valued at 40,000 after acquiring 509 additional shares. In the second quarter, Geneos Wealth Management and Plato Investment Management opened new positions worth 31,000 and 40,000 respectively, and Huntington National Bank nearly doubled its stake to 468 shares valued at 39,000 by adding 231 shares.

Elastic reported revenue of 423.48 million, a 15.9% year-over-year increase, and earnings per share of 0.64, exceeding consensus by 0.06. Negative net margin stood at 6.79% with a return on equity of negative 2.02%. The company’s quarterly revenue beat estimates of 418.27 million. Management set guidance for Q3 fiscal 2026 EPS in the range of 0.630 to 0.650, while analysts forecast a full-year loss per share of 0.77.