Why ESTC fell 19% since Oct 28
Down 19% from Oct 28 to Nov 6 while the S&P 500 fell 5%.
- Elastic fell 19% from Oct 28 to Nov 6 while software stocks fell a median 5%:
−1Insider trades
Down 19% from Oct 28 to Nov 6 while the S&P 500 fell 5%.
−1Insider trades
ESTC's Quality Score rose 1 point on Fri, Nov 6, to 9.
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| Since its Nov 2021 high | Down 55% |
| Latest filing | 8-K, Oct 15 |
After its last 4 reports it closed +0.4% on average, higher 2 of 4 times.
ESTC is #86 of 268 by Quality Score.
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| 86 |
Reports Thu Nov 19, after the close (in 12 days). Confirmed.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
ESTC's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Total revenue | $1.998B to $2.010B |
Sales grew 23% a year over 5 years, fiscal 2021 to 2026.
Its share count grew 4.2% a year over 5 years.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Aug 27, 2026 | +24.1% | +19.3% | +14.8% |
| May 28, 2026 | -6.4% | +12.3% | +13.0% |
| Feb 26, 2026 | -10.5% | -15.4% | -13.9% |
Sales grew every year from 2019 to 2026, to $1.7B. It turned a profit in 2026 after a loss in 2025.
8 insiders sold $430M across 43 filings in the last 6 months. No open-market buys on record. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: ESTC is 0.1% of FTEC, under 0.1% of VGT, and under 0.1% of SCHG, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jul 31 to Aug 31, 2026.
Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.
“Our market is highly competitive, quickly evolving, fragmented, and subject to rapid changes in technology, shifting customer needs, and frequent introductions of new offerings.”
ESTC scores 9 today, which Breakaway calls Average. It is #86 of 268 in Software by Quality Score, with 2 of 14 chart checks firing. Down 19% from Oct 28 to Nov 6 while the S&P 500 fell 5%. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
ESTC scores 9 today, which Breakaway calls Average (6 to 10). That is #86 of 268 in Software by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind ESTC's 9.
8 insiders sold $430M across 43 filings in the last 6 months. No open-market buys on record. The newest is Steven Schuurman, Director, who sold $188M on Oct 12. Every filing, with the scored weight, for Pro members.
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