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Elastic NV (ESTC)


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Upturn Advisory Summary
10/15/2025: ESTC (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $119.78
1 Year Target Price $119.78
15 | Strong Buy |
7 | Buy |
8 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -45.77% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.00B USD | Price to earnings Ratio - | 1Y Target Price 119.78 |
Price to earnings Ratio - | 1Y Target Price 119.78 | ||
Volume (30-day avg) 30 | Beta 1.05 | 52 Weeks Range 70.14 - 118.84 | Updated Date 10/14/2025 |
52 Weeks Range 70.14 - 118.84 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.79 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -5.38% | Operating Margin (TTM) -2.24% |
Management Effectiveness
Return on Assets (TTM) -0.79% | Return on Equity (TTM) -9.65% |
Valuation
Trailing PE - | Forward PE 40.65 | Enterprise Value 8407173295 | Price to Sales(TTM) 5.8 |
Enterprise Value 8407173295 | Price to Sales(TTM) 5.8 | ||
Enterprise Value to Revenue 5.42 | Enterprise Value to EBITDA 253.47 | Shares Outstanding 106272440 | Shares Floating 93165608 |
Shares Outstanding 106272440 | Shares Floating 93165608 | ||
Percent Insiders 12.32 | Percent Institutions 86.74 |
Upturn AI SWOT
Elastic NV

Company Overview
History and Background
Elastic NV was founded in 2012 as Elasticsearch by Shay Banon, Steven Schuurman, Uri Klarman, and Simon Willnauer. It initially focused on developing the open-source search engine Elasticsearch. Over time, the company expanded its offerings to include solutions for enterprise search, observability, and security, rebranding as Elastic NV.
Core Business Areas
- Search: Elasticsearch is a distributed, RESTful search and analytics engine capable of solving a growing number of use cases. As the heart of the Elastic Stack, it centrally stores your data so you can discover the expected and uncover the unexpected.
- Observability: Provides visibility into applications, infrastructure, and networks by collecting and analyzing logs, metrics, and traces. Enables monitoring, troubleshooting, and performance optimization.
- Security: Offers a SIEM (Security Information and Event Management) solution that helps detect, prevent, and respond to security threats. Includes features for threat intelligence, security analytics, and endpoint protection.
Leadership and Structure
Elastic NV is led by CEO Ashutosh Kulkarni. The organizational structure includes departments for engineering, product management, sales, marketing, finance, and human resources. They operate with a distributed workforce.
Top Products and Market Share
Key Offerings
- Elasticsearch: A distributed, RESTful search and analytics engine. Competitors include Apache Solr and Splunk. Market share data varies but Elastic is a major player in the enterprise search and analytics market. While precise revenue figures are not broken out, Elasticsearch is the foundation of their overall subscription revenue.
- Kibana: A data visualization dashboard for Elasticsearch. Competitors include Tableau and Grafana. Integrated closely with Elasticsearch.
- Elastic Enterprise Search: Provides search solutions for websites, applications, and workplaces. Competitors include Lucidworks and Microsoft Search. Revenue data is combined with overall subscription figures.
- Elastic Observability: Provides log analytics, infrastructure monitoring, APM and digital experience monitoring. Competitors include Datadog and Dynatrace. Revenue data is combined with overall subscription figures.
- Elastic Security: Provides SIEM and endpoint security. Competitors include Splunk, CrowdStrike, and SentinelOne. Revenue data is combined with overall subscription figures.
Market Dynamics
Industry Overview
The industry is characterized by rapid growth in data volume, increasing demand for real-time insights, and the convergence of search, analytics, observability, and security. Cloud adoption is also a major trend.
Positioning
Elastic NV is positioned as a leading provider of search, analytics, observability, and security solutions based on a unified platform. Its strengths lie in its open-source heritage, scalability, and versatility.
Total Addressable Market (TAM)
Estimates suggest the TAM is in the tens of billions of dollars, encompassing search, observability, and security markets. Elastic is well positioned to capture a significant portion of this market due to its integrated platform and expanding product offerings.
Upturn SWOT Analysis
Strengths
- Strong open-source heritage and community
- Unified platform for search, analytics, observability, and security
- Scalability and performance
- Versatile use cases across industries
- Strong partnerships with cloud providers
Weaknesses
- Complexity of deployment and management
- Competition from larger, more established players
- Customer perception of a product-focused company versus a solutions provider
- Profitability concerns, still operating at a loss.
Opportunities
- Expanding into new markets and geographies
- Developing new products and services
- Increasing cloud adoption
- Leveraging AI and machine learning
- Strengthening partnerships with cloud providers
Threats
- Intense competition
- Economic downturn
- Security breaches
- Changes in technology
- Open source vulnerabilities
Competitors and Market Share
Key Competitors
- Splunk (SPLK)
- Datadog (DDOG)
- Microsoft (MSFT)
Competitive Landscape
Elastic NV faces competition from established players like Splunk and Datadog, as well as cloud providers like Microsoft. Elastic NV's advantages include its open-source heritage, unified platform, and scalability.
Major Acquisitions
Build.Security
- Year: 2022
- Acquisition Price (USD millions): 0
- Strategic Rationale: Build.Security provides an authorization policy management platform to enhance Elastic Security with cloud native authorization.
Growth Trajectory and Initiatives
Historical Growth: Elastic NV has experienced substantial revenue growth in recent years, driven by increased adoption of its platform and expansion into new markets.
Future Projections: Analysts project continued revenue growth for Elastic NV, driven by demand for its search, analytics, observability, and security solutions.
Recent Initiatives: Recent initiatives include launching new products and services, expanding cloud partnerships, and investing in AI and machine learning.
Summary
Elastic NV is a growing company with a strong open-source heritage and a unified platform for search, analytics, observability, and security. It has experienced substantial revenue growth in recent years and is well-positioned to capitalize on the growing demand for its solutions. However, it faces intense competition from larger, more established players and must address profitability concerns. Expanding its cloud services will benefit Elastic for continued growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Elastic NV Investor Relations
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates and may vary. Financial data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Elastic NV
Exchange NYSE | Headquaters - | ||
IPO Launch date 2018-10-05 | CEO & Executive Director Mr. Ashutosh Kulkarni | ||
Sector Technology | Industry Software - Application | Full time employees 3711 | Website https://www.elastic.co |
Full time employees 3711 | Website https://www.elastic.co |
Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. It primarily offers Elastic's Search AI Platform, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. The company also provides Elastic search product a distributed, real-time vector database and analytics engine and data store for all types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the platforms; Elasticsearch search platform, a platform with retrieval algorithms and the ability to integrate with large language models; and elastic security, a security solution that provides unified protection to prevent, detect, and respond to threats. In addition, it offers Elastic Observability, a solution that enables unified analysis, including Logs analytics to search and analyze petabytes of structured and unstructured logs; infrastructure monitoring to gain visibility across cloud, on-premises, Kubernetes, serverless, and hosts; Application Performance Monitoring to stream native production-grade; digital experience monitoring; and large language models. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.

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