NYSE:ESTC

Elastic (ESTC) Stock Forecast, Price & News

$79.57

+1.79 (+2.30%)

(As of 09/22/2023 ET)

Compare

Today's Range: $77.58
▼
$80.28
50-Day Range: $57.91
▼
$79.68
52-Week Range: $46.18
▼
$80.28

Volume: 1.05 million shs
Average Volume: 1.17 million shs
Market Capitalization: $7.83 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $77.76

Elastic MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.65 Rating Score
Upside/Downside: 2.3% Downside
$77.76 Price Target
Short Interest: Healthy
2.58% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$6.97 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.30) to ($0.98) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Business Services Sector

199th out of 307 stocks

Prepackaged Software Industry

138th out of 199 stocks

2.3

Analyst's Opinion

Consensus Rating
Elastic has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 11 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.76, Elastic has a forecasted downside of 2.3% from its current price of $79.57.
Amount of Analyst Coverage
Elastic has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.58% of the float of Elastic has been sold short.
Short Interest Ratio / Days to Cover
Elastic has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Elastic has recently decreased by 0.96%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Elastic does not currently pay a dividend.
Dividend Growth
Elastic does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ESTC.

2.5

News and Social Media Coverage

News Sentiment
Elastic has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Elastic this week, compared to 5 articles on an average week.
Search Interest
12 people have searched for ESTC on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.
MarketBeat Follows
12 people have added Elastic to their MarketBeat watchlist in the last 30 days. This is an increase of 1,100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Elastic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,973,334.00 in company stock.
Percentage Held by Insiders
18.10% of the stock of Elastic is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
74.66% of the stock of Elastic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Elastic are expected to grow in the coming year, from ($1.30) to ($0.98) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Elastic is -35.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Elastic is -35.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Elastic has a P/B Ratio of 19.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Elastic (NYSE:ESTC) Stock

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. The company's Elastic Stack product portfolio comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Elastic Agent that offers integrated host protection and central management services; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems from a multitude of sources simultaneously. It also provides software solutions on the Elastic Stack that address cases, including search applications, workplace search, logs, metrics, application performance monitoring, synthetic monitoring, security information and event management (SIEM), endpoint security, extended detection and response, and cloud security. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.

ESTC Price History

30 days | 90 days | 365 days | Advanced Chart

ESTC Stock News Headlines

September 13, 2023 | marketbeat.com

3 Hot Software Stocks Breaking Out to New Highs

In a year where the S&P North America Technology Software Index is up more than 40% year-to-date, these three software stocks are climbing to new highs.

September 19, 2023 | finance.yahoo.com

Elastic Announces AI Assistant for Observability and General Availability of Universal Profiling

September 22, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 15, 2023 | americanbankingnews.com

Elastic (NYSE:ESTC) CEO Sells $1,118,884.08 in Stock

September 13, 2023 | finance.yahoo.com

Insider Sell: Carolyn Herzog Sells 3,941 Shares of Elastic NV (ESTC)

September 13, 2023 | theglobeandmail.com

Q2 Earnings Highs And Lows: Elastic (NYSE:ESTC) Vs The Rest Of The Data Infrastructure Stocks

September 11, 2023 | finance.yahoo.com

Is It Too Late To Consider Buying Elastic N.V. (NYSE:ESTC)?

September 6, 2023 | finance.yahoo.com

Unveiling Elastic NV (ESTC)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 22, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 5, 2023 | markets.businessinsider.com

16 Analysts Have This to Say About Elastic

September 3, 2023 | markets.businessinsider.com

Elastic (ESTC) Receives a Hold from Goldman Sachs

September 3, 2023 | seekingalpha.com

Elastic: Rating Upgrade As I Believe Valuation Will Catch Up To Peers' Level

September 3, 2023 | nasdaq.com

Stifel Maintains Elastic N.V (ESTC) Buy Recommendation

September 2, 2023 | finance.yahoo.com

Elastic NV (ESTC) Q1 2024 Earnings: Strong Start with Revenue and Non-GAAP Operating Margin ...

September 1, 2023 | msn.com

Barclays Maintains Elastic N.V (ESTC) Overweight Recommendation

September 1, 2023 | msn.com

Wells Fargo Maintains Elastic N.V (ESTC) Equal-Weight Recommendation

September 1, 2023 | msn.com

Dell, Elastic, Nutanix, Warner Bros. Discovery, Samsara, Broadcom, and More Stock Market Movers

September 1, 2023 | markets.businessinsider.com

Barclays Maintains Overweight Rating for Elastic: Here's What You Need To Know

September 1, 2023 | finance.yahoo.com

Why Elastic Stock Skyrocketed Today

September 1, 2023 | msn.com

Dell, Elastic, Nutanix, Warner Bros. Discovery, MongoDB, Broadcom, and More Stock Market Movers

September 1, 2023 | markets.businessinsider.com

Elastic N.V. Up 20% Following Upbeat Quarterly Results, Outlook

September 1, 2023 | msn.com

Elastic (NYSE:ESTC) Soars on Robust Q1 Performance

September 1, 2023 | finance.yahoo.com

Elastic N.V. (NYSE:ESTC) Q1 2024 Earnings Call Transcript

September 1, 2023 | marketwatch.com

Elastic Shares Higher After Strong 1Q, Upbeat Outlook

September 1, 2023 | benzinga.com

Why Elastic Shares Are Shooting Higher Today?

September 1, 2023 | markets.businessinsider.com

Elastic (ESTC) Gets a Hold from D.A. Davidson

September 1, 2023 | finance.yahoo.com

Elastic (ESTC) Q1 2024 Earnings Call Transcript

See More Headlines

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ESTC Company Calendar

Last Earnings: 6/01/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/29/2023
Fiscal Year End: 4/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:ESTC
CUSIP: N/A
CIK: 1707753
Web: www.elastic.co
Phone: (650) 458-2620
Fax: N/A
Employees: 2,886
Year Founded: 2012

Price Target and Rating

Average Stock Price Forecast: $77.76
High Stock Price Forecast: $87.00
Low Stock Price Forecast: $60.00
Forecasted Upside/Downside: -0.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.65
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.24)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-236,160,000.00
Net Margins: -19.33%
Pretax Margin: -16.67%
Return on Equity: -38.73%
Return on Assets: -9.22%

Debt

Debt-to-Equity Ratio: 1.38
Current Ratio: 1.85
Quick Ratio: 1.85

Sales & Book Value

Annual Sales: $1.07 billion
Price / Sales: 7.23
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.18 per share
Price / Book: 18.78

Miscellaneous

Outstanding Shares: 98,420,000
Free Float: 80,605,000
Market Cap: $7.73 billion
Optionable: Not Optionable
Beta: 1.01

Social Links

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Key Executives

Ms. Carolyn Herzog (Age 56)
Chief Legal Officer & Corp. Sec.
Comp: $672.88k

Mr. Ashutosh Kulkarni (Age 47)
CEO & Exec. Director

Mr. Steven Schuurman CBDO (Age 47)
Co-Founder & Independent Non-Exec. Director

Mr. Shay Banon (Age 45)
Co-Founder, CTO & Exec. Director

Mr. Uri Boness
Founder

Mr. Simon Willnauer
Founder

Mr. Janesh Moorjani (Age 50)
CFO & COO

Mr. Nikolay Ivanov Beliov C.F.A.
VP of Investor Relations

Mr. Justin Hoffman
Sr. VP of Sales

Mr. Mathew Donoghue
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ESTC Stock - Frequently Asked Questions

Should I buy or sell Elastic stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ESTC shares.
View ESTC analyst ratings or view top-rated stocks.
What is Elastic's stock price forecast for 2023?: 17 analysts have issued 1-year target prices for Elastic's stock. Their ESTC share price forecasts range from $60.00 to $87.00. On average, they predict the company's stock price to reach $77.76 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts price targets for ESTC or view top-rated stocks among Wall Street analysts.
How have ESTC shares performed in 2023?: Elastic's stock was trading at $51.50 on January 1st, 2023. Since then, ESTC stock has increased by 52.4% and is now trading at $78.50.
View the best growth stocks for 2023 here.
Are investors shorting Elastic?: Elastic saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,080,000 shares, a decrease of 12.6% from the July 31st total of 2,380,000 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.7% of the company's stock are sold short.
View Elastic's Short Interest.
When is Elastic's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our ESTC earnings forecast.
How were Elastic's earnings last quarter?: Elastic (NYSE:ESTC) posted its quarterly earnings data on Thursday, June, 1st. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.13. The firm earned $279.94 million during the quarter, compared to the consensus estimate of $277.63 million. Elastic had a negative net margin of 19.33% and a negative trailing twelve-month return on equity of 38.73%. Elastic's quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.64) EPS.
What ETFs hold Elastic's stock?: ETFs with the largest weight of Elastic (NYSE:ESTC) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), ProShares Big Data Refiners ETF (DAT), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Wedbush ETFMG Global Cloud Technology ETF (IVES), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), WisdomTree Cloud Computing Fund (WCLD), Fidelity Cloud Computing ETF (FCLD) and ALPS O'Shares Global Internet Giants ETF (OGIG).
What guidance has Elastic issued on next quarter's earnings?: Elastic issued an update on its FY 2024 earnings guidance on Friday, September, 1st. The company provided EPS guidance of $1.01-$1.11 for the period, compared to the consensus earnings per share estimate of $0.99. The company issued revenue guidance of $1.24 billion-$1.25 billion, compared to the consensus revenue estimate of $1.24 billion.
What is Shay Banon's approval rating as Elastic's CEO?: 81 employees have rated Elastic Chief Executive Officer Shay Banon on Glassdoor.com. Shay Banon has an approval rating of 93% among the company's employees. This puts Shay Banon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Elastic own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), Roku (ROKU), Okta (OKTA), DocuSign (DOCU), Trade Desk (TTD), Twilio (TWLO), CrowdStrike (CRWD) and Alibaba Group (BABA).
When did Elastic IPO?: (ESTC) raised $192 million in an IPO on Friday, October 5th 2018. The company issued 7,000,000 shares at $26.00-$29.00 per share. Goldman Sachs, J.P. Morgan, Barclays and RBC Capital Markets acted as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Jefferies and Canaccord Genuity were co-managers.
What is Elastic's stock symbol?: Elastic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTC."
Who are Elastic's major shareholders?: Elastic's stock is owned by many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (7.79%), BlackRock Inc. (5.15%), Sylebra Capital Ltd (4.71%), Jackson Square Partners LLC (1.91%), State Street Corp (1.27%) and Geode Capital Management LLC (1.14%). Insiders that own company stock include Ashutosh Kulkarni, Carolyn Herzog, Janesh Moorjani, Jonathan Chadwick, Ken Exner, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Steven Schuurman and WH Baird Garrett.
View institutional ownership trends.
How do I buy shares of Elastic?: Shares of ESTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Elastic's stock price today?: One share of ESTC stock can currently be purchased for approximately $78.50.
How much money does Elastic make?: Elastic (NYSE:ESTC) has a market capitalization of $7.73 billion and generates $1.07 billion in revenue each year. The company earns $-236,160,000.00 in net income (profit) each year or ($2.24) on an earnings per share basis.
How many employees does Elastic have?: The company employs 2,886 workers across the globe.
Does Elastic have any subsidiaries?: The following companies are subsidiares of Elastic: Build Security Inc., Build Security Ltd., Build.security, CMD, Cmd Watch Security (US) Corp., Cyclops Acquisition Corp., Elastic Cloud, Elastic International B.V., Elastic Technologies (India) Private Limited, Elastic Technologies (Israel) Ltd., Elastic Worldwide B.V., Elasticsearch (Beijing) Information Technology Co. Ltd., Elasticsearch (CH) AG, Elasticsearch AB, Elasticsearch AS, Elasticsearch B.C. Ltd., Elasticsearch Federal Inc., Elasticsearch Finance B.V., Elasticsearch GmbH, Elasticsearch Government Inc., Elasticsearch HK Limited, Elasticsearch Inc., Elasticsearch KK, Elasticsearch Korea Limited, Elasticsearch Limited, Elasticsearch Pte. Ltd., Elasticsearch Pty Ltd, Elasticsearch S.L.U., Elasticsearch SARL, Endgame, Endgame Inc., Endgame Systems LLC, Found, Lambda Lab, Opbeat, Opbeat ApS, Opbeat LLC, Optimyze, Optimyze.cloud Inc., Packetbeat, Perched, Prelert, Prelert Inc., Swiftype, Swiftype Inc., elasticsearch B.V., and optimyze.cloud AG.
Read More
How can I contact Elastic?: Elastic's mailing address is 800 West El Camino Real Suite 350, Mountain View CA, 94040. The official website for the company is www.elastic.co. The company can be reached via phone at (650) 458-2620 or via email at ir@elastic.co.

This page (NYSE:ESTC) was last updated on 9/22/2023 by MarketBeat.com Staff

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Elastic (ESTC) Stock Forecast, Price & News

Elastic MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Elastic (NYSE:ESTC) Stock

ESTC Price History

ESTC Stock News Headlines

ESTC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ESTC Stock - Frequently Asked Questions

Overall MarketRank^™