Elastic director sells USD 188.30 million of Elastic stock

Published on 10/18/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal first-quarter revenue rose 15.20 percent to USD 478.11 million. Elastic stock received a USD 120.00 target on October 9, 2026.

Insider activity and operating results

Elastic director Steven Schuurman sold 2,000,000 shares for USD 188.30 million on October 12, 2026.
Fiscal first-quarter revenue reached USD 478.11 million, up 15.20 percent year over year.
Stifel raised its Elastic target from USD 107.00 to USD 120.00 on October 9, 2026.

ESTC, NL0013056914, Illustration mit AI erstellt.

Elastic (ISIN NL0013056914) director Steven Schuurman sold 2,000,000 shares for USD 188.30 million on October 12, 2026. InsiderTrades.com reported that the transaction reduced his ownership by 44.40 percent to 2,504,600 shares.

What did the latest results show?

Elastic reported USD 478.11 million in revenue for fiscal first quarter 2027, ended July 31, 2026, up 15.20 percent from the prior-year quarter. The company also posted a GAAP net loss of USD 16.73 million and GAAP diluted earnings per share of minus USD 0.16 for the period, according to the company's investor-relations page.

Elastic highlighted USD 399.00 million in sales-led subscription revenue and more than 1,800 customers with annual contract value above USD 100,000 for fiscal first quarter 2027. Operating cash flow was USD 132.00 million in the same quarter.

How did analysts reset expectations?

Stifel raised its target for Elastic from USD 107.00 to USD 120.00 on October 9, 2026, while maintaining a Buy rating. Markets Insider said the analyst cited improving customer commentary and strong federal-business checks after attending the ElasticON conference.

Three dated developments

On August 27, 2026, Elastic reported fiscal first-quarter revenue of USD 478.11 million. On October 9, 2026, Stifel lifted its target from USD 107.00 to USD 120.00. On October 12, 2026, Schuurman sold 2,000,000 shares for USD 188.30 million, the most recent event in this sequence.

Upcoming reporting date

Elastic's fiscal second-quarter results were expected in early December 2026, according to Investor's Business Daily.

Stock valuation and investor context

Elastic's NYSE quote last stood at USD 91.74 on October 16, 2026 at 4:00 p.m. ET. The same market context placed its 52-week range at USD 42.05 to USD 108.00 and its market capitalization at USD 9.6 billion. The combination of double-digit revenue growth and a large insider sale leaves execution and shareholder alignment as competing signals for investors.

Elastic's primary listing is the NYSE under ticker ESTC. The continuously updated market picture remains tied to the company's operating growth, analyst targets and insider transactions. The further course of trading is shown by the continuously updated real-time quote of Elastic stock.