Elastic (NYSE: ESTC) reported Q3 earnings of $0.35 EPS and $347.42 million in revenue, exceeding expectations.

Needham & Company has maintained a "Hold" rating for Elastic (NYSE: ESTC), which reported Q3 earnings of $0.35 EPS and $347.42 million in revenue, exceeding expectations. Analysts have mixed views, with Barclays upgrading its rating to overweight and adjusting the target price to $95. The average consensus rating is Moderate Buy, with a target of $103.71. Insider selling has occurred, while some major investors have increased their stakes in the company.