ESTC heads into the last week of September with a notable tension: insider selling at the executive level has been heavy, yet the analyst community is raising targets and the stock is holding up far better than most of its software peers. The insider angle is impossible to ignore. Shay Banon, Elastic's co-founder and Chief Technology Officer, sold roughly 240,000 shares across…
ESTC short interest plummets 35.3% in one week to 3.7% of float, as cost to borrow collapses to 0.24%—lowest level in months amid heavy insider selling.
Key data as of 11 Nov 2026
ESTC short interest plummets 35.3% in one week to 3.7% of float, as cost to borrow collapses to 0.24%—lowest level in months amid heavy insider selling.
Options traders flooded into ESTC calls on Monday. The put/call ratio hit 0.12 — a 52-week low, sitting 3 standard deviations below its 20-day mean. The stock gained 6.5% on the day. Yet short sellers are not…
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