$ESTC

Elastic (NYSE: ESTC) launched cross-project search for Elastic Cloud Serverless, allowing users to query distributed data across projects, regions, and cloud providers without moving data. The feature maintains project-level access controls and is available by default for up to 100 linked projects. Elastic claims it reduces costs and enhances machine learning capabilities. Cross-project search is generally available in Elastic Cloud Serverless.

Elastic (ESTC) launched a new serverless database for AI search, aiming to simplify vector search and AI applications. The company reported Q1 FY2027 revenue of $478M, up 15% YoY, with strong customer growth and guidance for Q2 revenue of $486M-$487M. Despite growth, Elastic posted a GAAP operating loss of $24M.

Elastic (ESTC) received the only perfect score in AV-Comparatives' 2026 Endpoint Prevention and Response Test, blocking all threats with zero false positives. The company's platform was also noted for its operational efficiency. Elastic's AI-driven security features and recent updates aim to strengthen enterprise relationships, though competition and pricing pressure remain risks. Investors will watch for upcoming sales and subscription revenue figures to align with guidance.

Elastic NV (ESTC) CTO Shay Banon sold 84,207 shares at $84.64 each, totaling $7.13M. He retains 5.45M shares. GF Value™ suggests ESTC is 20.6% undervalued at $85.16 vs. $107.29 intrinsic value. ESTC's GF Score™ is 82/100, with strong growth and momentum. Insiders sold $105.3M vs. $0.7M bought in the past year.

Banon Shay (Chief Technology Officer) sold 84,207 shares of Elastic N.V. (ESTC) at an average of $84.64 ($84.50–$85.30, $7.13M total) across 2 trades on 2026-09-14.

Needham analyst Mike Cikos identified infrastructure software companies poised to benefit from enterprise AI adoption, including Dynatrace (Hold), Elastic (Hold), MongoDB (Buy), GitLab (Buy), ServiceNow (Buy), and Nutanix (Buy). Key developments: Dynatrace upgraded by Morgan Stanley, Elastic's Q1 revenue growth at 15%, MongoDB's Atlas platform grew 29% YoY, GitLab's Q2 results beat expectations, ServiceNow secured federal contracts, and Nutanix projected 11-13% revenue growth for FY2027.

Banon Shay (Chief Technology Officer) sold 161,787 shares of Elastic N.V. (ESTC) at an average of $86.76 ($85.16–$88.28, $14.04M total) across 6 trades over 2026-09-09 to 2026-09-10.

Wedbush upgraded CrowdStrike (CRWD) to 'Outperform' with a $250 price target, citing its strong cybersecurity platform and AI-driven defenses. Elastic's (ESTC) target was raised to $125, while Check Point (CHKP), Varonis (VRNS), and Telos (TLS) were downgraded. CrowdStrike reported consistent revenue growth but lower profitability compared to peers. Palantir (PLTR) saw renewed investor interest, and Nvidia (NVDA) projected 70% revenue growth for 2027.

Elastic N.V. (ESTC) CEO Ashutosh Kulkarni sold 29,227 shares at $87.78 each on September 9, 2026, to cover tax obligations from RSU vesting. He retains 599,525 shares. The sale was mandated by the company's equity plan, not a discretionary trade.

Kulkarni Ashutosh (Chief Executive Officer) sold 29,227 shares of Elastic N.V. (ESTC) at $87.78 ($2.57M total) on 2026-09-09.