Glean's Private Shares Sink 36% In A Year As Public-Market Rival Elastic Gains 18%

Elastic Suite Partners with Locally to Launch Smart Replenishment

Elastic Suite, a B2B wholesale commerce platform, has partnered with local commerce platform Locally to introduce 'Smart Replenishment,' a tool that integrates real-time shelf inventory data into the ordering process.

Massimo Merlo Departs Elastic for MongoDB

Massimo Merlo, formerly the Vice President of UKI, Iberia, and Italy at Elastic, has joined MongoDB as the new Area Vice President of UK & Ireland.

Elastic Announces Multi-Year Partnership with Audi Revolut F1 Team

Elastic has entered a multi-year partnership with the Audi Revolut F1 Team, serving as the Official Race Partner for the 2026 United States Grand Prix and becoming the team's Official Search and Observability Supplier starting in 2027.

BofA Securities Adjusts Price Target on Elastic to $114 From $108

BofA Securities has updated its price target for Elastic N.V. from $108 to $114 while maintaining a Neutral rating.

Shares of software companies are trading lower amid a rotation out of technology and AI-related stocks. Rising inflation concerns and elevated oil prices are fueling expectations for further Fed tightening, while elevated borrowing costs could weigh on demand, valuations and debt metrics.

Wedbush Reiterates Outperform on Elastic, Maintains $125 Price Target

Wedbush analyst Steven Wahrhaftig reiterates Elastic (NYSE:ESTC) with a Outperform and maintains $125 price target.