Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a recent filing with the Securities and Exchange Commission, Elastic N.V. (NYSE:ESTC), an $8.9 billion market cap company with strong revenue growth of 17%, disclosed that its Chief Financial Officer, Welihinda Navam, sold 2,261 shares of the company’s ordinary stock. The shares were sold at a price of $86.91 each, amounting to a total transaction value of $196,503.
The sale, which took place on June 9, 2025, was executed to satisfy tax obligations related to the vesting of restricted stock units (RSUs). This transaction was not a discretionary trade by Navam but was instead mandated by Elastic N.V.’s equity incentive plan. Following this sale, Navam retains direct ownership of 133,925 shares. According to InvestingPro, the company maintains a strong balance sheet with more cash than debt.
Additionally, on June 8, 2025, Navam acquired 37,620 ordinary shares at no cost. These shares are represented by RSUs, set to vest in sixteen equal quarterly installments beginning on September 8, 2025. While currently not profitable, InvestingPro analysis indicates positive expectations for net income growth this year.
In other recent news, Elastic NV has seen several adjustments to its stock price targets by various analyst firms. RBC Capital Markets reduced its target from $119 to $115, maintaining an Outperform rating, citing macroeconomic pressures and a cautious revenue projection for fiscal year 2026. Similarly, Citi lowered its price target from $160 to $125, while maintaining a Buy rating, highlighting a mixed fiscal fourth-quarter performance and conservative guidance due to potential macroeconomic challenges. Canaccord Genuity also adjusted its price target from $135 to $110 but kept a Buy rating, expressing confidence in Elastic’s potential to exceed guidance.
TD Cowen revised its target to $90 from $105, maintaining a Hold rating due to a shortfall in cloud revenue and concerns about the U.S. Federal market. Meanwhile, DA Davidson kept a $75 target with a Neutral rating, noting stable revenue growth but a less optimistic outlook. Despite these varied assessments, Elastic’s management remains positive about the company’s pipeline and growth potential, particularly in Generative AI. These recent developments reflect the analysts’ cautious optimism amid challenging market conditions.
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