Welihinda Navam sold $786K of ESTC

Banon Shay (Chief Technology Officer) sold 476,298 indirectly-held shares of Elastic N.V. (ESTC) at an average of $93.41 ($89.71–$97.75, $44.49M total) across 8 trades over 2026-08-31 to 2026-09-02.

Elastic N.V. (NYSE: ESTC) reported Q1 fiscal 2027 revenues of $478M, up 15% YoY, with subscription revenue also rising 15%. The company added 80+ customers with annual contract value above $100K. Elastic raised fiscal 2027 revenue guidance to $1.998B-$2.010B and repurchased $40M in shares. DA Davidson maintained a Neutral rating, citing execution risks despite the beat and raised price target to $100.

Elastic (ESTC) reported Q1 2027 revenue of $478M, up 15%, with sales-led subscription revenue growing 18%. The company highlighted strong customer demand, particularly in AI and security, and announced investments in AI-driven data retrieval and observability. Elastic also acquired Deductive AI to enhance its AI SRE capabilities and was recognized as a leader in Gartner's Magic Quadrant for Observability Platforms.

Elastic (ESTC) stock surged 19.31% after strong Q1 fiscal 2027 results, with revenue up 15% YoY to $478M and cloud revenue up 20%. Morgan Stanley raised its price target to $75 but maintained a neutral rating, citing concerns about the durability of cloud growth. Elastic added a record 80 high-value customers and raised full-year revenue guidance.

Elastic N.V. reported Q1 2027 earnings, highlighting revenue acceleration, record net additions to high-value customer cohorts, and AI-driven growth. The company raised full-year revenue and margin guidance, citing strong execution and pipeline growth. It also announced restructuring charges, FedRAMP High authorization, a board transition, and share repurchases. Management attributed growth to enterprise segmentation, AI adoption, and competitive differentiation in unstructured data and security

Guggenheim analysts reiterated Buy ratings on Rubrik (RBRK) with a $116 target, Autodesk (ADSK) with a $283 target, and Elastic (ESTC) with a $120 target. Consensus targets suggest 12.1%, 16.9%, and 18.2% upside respectively. TipRanks also upgraded ESTC to Buy with an $89 target.