Elastic (ESTC)
Enterprise search, observability, and security built on Elasticsearch.
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Offers enterprise search, observability, and security on the Elasticsearch technology stack. Revenue comes from Elastic Cloud, self-managed subscriptions, and services; the business depends on pairing its open-source platform with paid cloud and subscription use.
Built around Elasticsearch, the platform supports enterprise search, observability, and security from one technology stack. It can be delivered through Elastic Cloud or through self-managed subscriptions and services.
Enterprise search extends the original search and analytics data store, while observability and security use the same foundation for infrastructure monitoring and threat hunting. Security includes SIEM, XDR, and automation capabilities.
Elastic operates as a distributed company, with employees in more than 40 countries. Its commercial model depends on maintaining the open-source and commercial platform together and converting customers to paid subscriptions and cloud use.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 28, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $91 | Target: $100 |
| Aug 28, 2026 | Stifel Nicolaus | Target | Target: $90 | Target: $107 |
| Aug 28, 2026 | UBS | Reiterate | Rating: —Target: $108 | Target: $105 |
| Aug 28, 2026 | Guggenheim | Reiterate | Rating: —Target: — | Target: $120 |
| Aug 26, 2026 | Rosenblatt Securities | Target | Target: $136 | Target: $83 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $1.46B · Total debt $595.8M · Total assets $3.00B · Shareholders' equity $1.30B
- Revenue
- $478.1M
- Operating income
- −$2.9M
- Net income
- −$16.7M
No dividends on record.
| Institutions | 87.47% | 91.83M shares | |
|---|---|---|---|
| 403 holders · as of Jun 30, 2026 | |||
| Insiders | 12.82% | 13.46M shares | |
| 16 holders · as of Sep 15, 2026 | |||
| Adds to | 100.29% | ||
104.99M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.29%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.07% | 6.37M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 5.79% | 6.08M | as of Jun 30, 2026 |
Steven Schuurman1,2Insiderdirector | 5.72% | 6.00M | filed Feb 13, 2025 |
Vanguard Portfolio Management LLCInstitution | 5.63% | 5.92M | as of Jun 30, 2026 |
Pictet Asset Management Holding SAInstitution | 5.55% | 5.82M | as of Jun 30, 2026 |
- Steven Schuurman's transaction reports restate only vehicles that traded; the 2025 ownership statement (6.00M) is used instead.
- Steven Schuurman reports a block also reported by AQR Capital Management LLC; it is counted once, under AQR Capital Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Shay Banon | director, officer: Chief Technology Officer | −84,207 | $84.64 |
| Sep 10, 2026 | Shay Banon | director, officer: Chief Technology Officer | −6,201 | $85.19 |
| Sep 9, 2026 | Shay Banon | director, officer: Chief Technology Officer | −155,586 | $86.82 |
| Sep 9, 2026 | Navam Welihinda | officer: Chief Financial Officer | −8,961 | $87.78 |
| Sep 9, 2026 | Mark Eugene Dodds | officer: Chief Revenue Officer | −9,673 | $87.78 |
- Cisco Systems
Broad overlap in observability, log analytics, and SIEM
- Datadog
Direct overlap in cloud observability and security monitoring
- Microsoft
Competes in AI search and cloud-native SIEM
- CrowdStrike
Competes in security analytics, SIEM, and XDR workflows
- MongoDB
Database platform overlap in integrated vector search
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Elastic | $88.43 | −1.43% | $9.33B | 25.1 | 25.1 | 5.2 | +15.1% |
| Cisco Systems | $106.84 | −4.15% | $439.31B | 33.5 | 20.9 | 6.9 | +17.6% |
| Datadog | $245.82 | +0.31% | $87.23B | 496.5 | 92.4 | 22.0 | +35.6% |
| Microsoft | $494.99 | −1.32% | $3.72T | 27.9 | 25.2 | 11.2 | +17.8% |
| CrowdStrike | $246.48 | −1.15% | $253.90B | 7,104.0 | 174.9 | 47.1 | +25.8% |
| MongoDB | $411.14 | +0.94% | $32.76B | 577.5 | 59.0 | 11.8 | +30.5% |
| Median | 496.5 | 59.0 | 11.8 | +25.8% |