Elastic (ESTC) Director Schuurman Steven Sells $188M of Stock

Director Steven Schuurman sold 2 million shares of Elastic N.V. (NYSE: ESTC) on October 12, 2026, for an average price of $94.15, totaling about $188.3 million. This transaction comes as the stock trades below its target price, suggesting a strategic move given his significant position within the company.

Inside Schuurman's Trade

Schuurman executed this sale at a price of $94.15 per share. This transaction is noteworthy as it represents a substantial portion of his holdings, reflecting a significant monetary value. Although this sale was not planned, it highlights Schuurman's confidence in the company's future despite the recent stock performance.

Other Institutional Activity in Elastic N.V.

Several other institutional investors have adjusted their positions in Elastic N.V. Blackrock Inc. reduced its holdings by 535,563 shares, ending with 6,374,926 shares valued at approximately $584.8 million. AQR Capital Management, LLC also cut back, selling 1,474,015 shares for a total of 6,077,291 shares worth about $557.5 million. In contrast, Vanguard Portfolio Management LLC grew its stake by 389,110 shares, resulting in 5,916,235 shares valued at around $542.8 million.

Elastic N.V. Stock Down 6.8%

As of October 16, 2026, Elastic N.V. shares recently traded around $90.62, which is above the 52-week low of $42.05 but about 16.1% below the 52-week high of $108. The stock is currently above its 50-day moving average of $88.04 and its 200-day average of $65.90, indicating a relatively strong position in the market.

Recent Earnings

In its most recent earnings report, Elastic N.V. generated revenue of approximately $1.8 billion over the trailing twelve months, with a net margin of 20.8% and a return on equity of 33.1%. The next earnings report is scheduled for November 19, 2026.

Insider Buying and Selling at Elastic N.V.

Recent insider transactions include the sale of 1.5 million shares by Schuurman on October 5, 2026, at an average price of $90.13, totaling about $135.2 million. Additionally, Chief Technology Officer Shay - Shalom Banon sold 84,207 shares on September 14, 2026, valued at around $7.1 million.

Analysts Set New Price Targets

Analysts remain optimistic about Elastic N.V., with firms like Stifel maintaining a "Buy" rating and raising the price target to $120, up from $107, on October 9, 2026. The consensus recommendation remains a "Buy," with a mean price target of $111.52 based on 27 analyst opinions.

About Elastic N.V.

Elastic N.V. is a technology company specializing in search artificial intelligence (AI) solutions. It offers software platforms that run in various cloud environments. The company's flagship product, the Elasticsearch Platform, helps businesses manage and analyze large sets of data efficiently.

Bottom Line

Investors should keep an eye on Elastic N.V. as it approaches its next earnings report on November 19, 2026. Schuurman's recent sale may signal his perspective on the company's near-term outlook, while analyst ratings suggest ongoing confidence in its long-term potential.