Q1 Earnings Estimate for Elastic Issued By KeyCorp

Elastic (NYSE:ESTC) – Stock analysts at KeyCorp issued their Q1 2026 earnings estimates for shares of Elastic in a report released on Monday, June 9th. KeyCorp analyst E. Heath forecasts that the company will post earnings of ($0.21) per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.77) per share. KeyCorp also issued estimates for Elastic’s Q2 2026 earnings at ($0.06) EPS, Q3 2026 earnings at $0.04 EPS, FY2026 earnings at ($0.22) EPS, Q2 2027 earnings at ($0.05) EPS and Q3 2027 earnings at $0.01 EPS.

A number of other equities research analysts have also recently weighed in on ESTC. TD Securities dropped their price target on Elastic from $125.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, May 21st. Barclays decreased their price objective on shares of Elastic from $124.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, May 30th. Wall Street Zen raised shares of Elastic from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Cantor Fitzgerald reduced their target price on shares of Elastic from $109.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, May 30th. Finally, Wedbush decreased their price target on shares of Elastic from $135.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.63.

Elastic Stock Performance

ESTC opened at $83.29 on Thursday. The company has a quick ratio of 1.99, a current 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 $123.96. The business has a 50 day moving average of $84.89 and a 200-day moving average of $97.05. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 151.44 and a beta of 1.07.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The business had revenue of $388.43 million during the quarter, compared to analysts’ expectations of $380.61 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. Elastic’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share.

Insider Buying and Selling at Elastic

In related news, CFO Navam Welihinda sold 2,261 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $196,503.51. Following the sale, the chief financial officer now owns 133,925 shares in the company, valued at approximately $11,639,421.75. This trade represents a 1.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $102.64, for a total transaction of $513,200.00. Following the completion of the transaction, the chief executive officer now directly owns 371,591 shares in the company, valued at $38,140,100.24. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,413 shares of company stock valued at $4,720,774 in the last three months. Corporate insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Elastic

Several hedge funds and other institutional investors have recently modified their holdings of ESTC. Acadian Asset Management LLC boosted its stake in Elastic by 185.2% in the first quarter. Acadian Asset Management LLC now owns 20,279 shares of the company’s stock valued at $1,805,000 after buying an additional 13,169 shares in the last quarter. Focus Partners Wealth acquired a new position in Elastic during the first quarter worth about $494,000. Bayforest Capital Ltd lifted its holdings in shares of Elastic by 542.8% in the first quarter. Bayforest Capital Ltd now owns 10,902 shares of the company’s stock worth $971,000 after acquiring an additional 9,206 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Elastic by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 429,526 shares of the company’s stock valued at $38,271,000 after purchasing an additional 12,510 shares in the last quarter. Finally, Prostatis Group LLC acquired a new stake in shares of Elastic in the 1st quarter valued at approximately $325,000. Institutional investors own 97.03% of the company’s stock.

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.