Street Calls of the Week
Elastic N.V. NASDAQ:ESTC Chief Revenue Officer Mark Eugene Dodds sold 5,037 shares of the company’s ordinary shares on September 9, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $90.12, for a total transaction value of $453,934. The transaction comes as Elastic, currently valued at $9.5 billion, trades near its InvestingPro Fair Value with analyst price targets ranging from $92 to $143.
Following the transaction, Dodds directly owns 167,284 shares of Elastic N.V.
The sale was to cover tax obligations related to the vesting of performance-based restricted stock units and restricted stock units, as mandated by Elastic N.V.’s equity incentive plan.
In other recent news, Elastic NV reported strong first-quarter earnings, which have prompted several financial firms to raise their price targets for the company. UBS increased its target to $125, highlighting a 20% revenue growth that surpassed investor expectations and the company’s guidance. Oppenheimer also raised its target to $119, noting the broad-based strength in Elastic’s product areas, including observability, security, and search. TD Cowen set a new target of $105, citing significant cloud revenue growth that exceeded both buy-side expectations and Street estimates. RBC Capital raised its target to $125, attributing the increase to Elastic’s strong start to the year and improved fiscal year 2026 guidance. Meanwhile, Stifel adjusted its price target to $134, following Elastic’s strong earnings report and positive guidance for the upcoming quarters. These developments indicate a positive outlook from analysts, reflecting the company’s solid performance in its recent financial results.
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