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Elastic N.V. NASDAQ:ESTC Chief Executive Officer Ashutosh Kulkarni sold 19,622 ordinary shares of the company on September 9, 2025, at a price of $90.12, for a total value of $1.76 million. The transaction comes as the company, currently valued at $9.5 billion, shows strong momentum with a 26% return over the past year. According to InvestingPro analysis, Elastic maintains robust financial health with a current ratio of 2.09.
Following the transaction, Kulkarni directly owns 457,314 ordinary shares of Elastic N.V. With analyst targets ranging from $92 to $143 per share and positive earnings growth expected this year, InvestingPro subscribers can access 8 additional key insights about Elastic’s financial outlook.
The sale was to cover tax obligations related to the vesting of restricted stock units, as mandated by the company’s equity incentive plan. The company maintains strong fundamentals with a healthy 75% gross profit margin and revenue growth of 17% in the last twelve months.
In other recent news, Elastic NV reported robust first-quarter earnings, driving significant interest from investors and analysts alike. The company achieved a 20% growth in total revenue, surpassing investor expectations of 17% and exceeding its guidance by 4.3%, marking its largest beat in over three years. This strong performance led several firms to adjust their price targets for Elastic. UBS raised its price target to $125, maintaining a Buy rating, while Oppenheimer increased its target to $119, citing broad-based strength across all regions and product areas. TD Cowen also raised its target to $105, highlighting the company’s impressive cloud revenue growth, which outperformed both buy-side expectations and Street estimates. RBC Capital increased its price target to $125, noting the acceleration in cloud performance and stable macroeconomic conditions that contributed to raised fiscal year 2026 guidance. Stifel set a new target of $134, following Elastic’s strong earnings report and positive guidance for the upcoming quarter and fiscal year. These developments reflect a positive outlook on Elastic’s performance and potential growth in the coming months.
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