Elastic Approves $29.3M Equity Award for CEO

Elastic ( (ESTC) ) has provided an update.

On October 13, 2025, Elastic N.V.’s board approved a special performance-based equity award for CEO Ashutosh Kulkarni, valued at $29.3 million. This award aims to align Kulkarni’s interests with shareholders and incentivize his leadership in executing the company’s growth strategy, emphasizing substantial shareholder value creation. The award, tied to rigorous share price and performance goals, underscores the company’s commitment to transformational growth and securing a leading position in the Generative AI market.

The most recent analyst rating on (ESTC) stock is a Hold with a $88.00 price target. To see the full list of analyst forecasts on Elastic stock, see the ESTC Stock Forecast page.

Spark’s Take on ESTC Stock

According to Spark, TipRanks’ AI Analyst, ESTC is a Neutral.

Elastic’s overall stock score is driven by strong earnings call results, highlighting significant revenue growth and strategic advancements in AI and security. However, financial performance is weighed down by negative profitability and valuation concerns, reflecting ongoing challenges in achieving consistent profitability. Technical indicators suggest a bearish trend, further impacting the overall score.

To see Spark’s full report on ESTC stock, click here.

More about Elastic

Elastic N.V. operates in the technology industry, focusing on developing platforms for Generative AI. The company is known for its Elasticsearch platform, which has been strategically positioned to secure a leading market position in this field.

Average Trading Volume: 1,833,024

Technical Sentiment Signal: Sell

Current Market Cap: $9B

For a thorough assessment of ESTC stock, go to TipRanks’ Stock Analysis page.