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NYSE:ESTC

Elastic (ESTC) Stock Forecast, Price & News

$79.51
-1.44 (-1.78%)
(As of 10/3/2023 ET)
Compare
Today's Range
$78.94
▼
$81.69
50-Day Range
$57.91
▼
$81.24
52-Week Range
$46.18
▼
$82.84
Volume
1.36 million shs
Average Volume
1.18 million shs
Market Capitalization
$7.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$79.35
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Elastic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
0.2% Downside
$79.35 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of Elastic in the last 14 days
Based on 16 Articles This Week
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.

2.12 out of 5 stars

Business Services Sector

171st out of 314 stocks

Prepackaged Software Industry

112th out of 208 stocks

See Top Rated MarketRank™ Stocks Here

ESTC stock logo

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

ESTC Stock News Headlines

September 27, 2023 | marketbeat.com
3 Growing Tech Stocks To Put On Your M&A Watchlist (ESTC)
Cisco's purchase of Splunk raises many questions, and one of them is which tech companies will be acquired next; here are three possibilities
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.
October 3, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
October 3, 2023 | americanbankingnews.com
Elastic (NYSE:ESTC) Price Target Raised to $70.00 at DA Davidson
October 2, 2023 | msn.com
DA Davidson Maintains Elastic N.V (ESTC) Neutral Recommendation
October 1, 2023 | msn.com
Elastic N.V. Can Ride The Wave Of Generative AI
October 1, 2023 | americanbankingnews.com
Elastic (NYSE:ESTC) PT Raised to $90.00
September 30, 2023 | americanbankingnews.com
Elastic (NYSE:ESTC) Short Interest Down 21.8% in September
October 3, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
September 29, 2023 | finance.yahoo.com
Why Elastic NV's Stock Skyrocketed 27% in a Quarter: A Deep Dive
September 29, 2023 | markets.businessinsider.com
What 16 Analyst Ratings Have To Say About Elastic
September 29, 2023 | markets.businessinsider.com
Elastic’s Growth Prospects and Strategic Positioning: An Analysis of Its Potential in the AI Tech Stack Arena
September 29, 2023 | markets.businessinsider.com
Elastic’s Growth Potential and Innovative AI Advancements: A Buy Rating Justified
September 24, 2023 | americanbankingnews.com
Elastic (NYSE:ESTC) Reaches New 52-Week High at $80.28
September 19, 2023 | finance.yahoo.com
Elastic Announces AI Assistant for Observability and General Availability of Universal Profiling
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 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
See More Headlines
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ESTC Company Calendar

Last Earnings
8/31/2023
Today
10/03/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
4/30/2024
Get Stock Alerts

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
$79.35
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-0.2%
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
7.32
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$4.13 per share
Price / Book
19.25

Miscellaneous

Outstanding Shares
98,420,000
Free Float
80,605,000
Market Cap
$7.83 billion
Optionable
Not Optionable
Beta
0.87

Social Links

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Key Executives

  • Mr. Ashutosh KulkarniMr. Ashutosh Kulkarni (Age 47)
    CEO & Exec. Director
    Comp: $1.14M
  • Mr. Steven Schuurman CBDOMr. Steven Schuurman CBDO (Age 47)
    Co-Founder & Independent Non-Exec. Director
    Comp: $34.58k
  • Mr. Shay BanonMr. Shay Banon (Age 45)
    Co-Founder, CTO & Exec. Director
    Comp: $751.58k
  • Mr. Janesh MoorjaniMr. Janesh Moorjani (Age 50)
    CFO & COO
    Comp: $779.54k
  • Ms. Carolyn Herzog (Age 56)
    Chief Legal Officer & Corp. Sec.
    Comp: $672.88k
  • Mr. Ken ExnerMr. Ken Exner (Age 50)
    Chief Product Officer
    Comp: $479.57k
  • Mr. Uri Boness
    Founder
  • Mr. Simon Willnauer
    Founder
  • Mr. Nikolay Ivanov Beliov C.F.A.
    VP of Investor Relations
  • 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 twelve months. 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 equities research analysts have issued twelve-month target prices for Elastic's shares. Their ESTC share price forecasts range from $65.00 to $90.00. On average, they predict the company's stock price to reach $79.35 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
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 at the start of the year. Since then, ESTC stock has increased by 54.4% and is now trading at $79.51.
View the best growth stocks for 2023 here.

Are investors shorting Elastic?

Elastic saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,610,000 shares, a decline of 21.8% from the August 31st total of 2,060,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 1.4 days. Currently, 2.0% of the company's shares 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) issued its earnings results on Thursday, August, 31st. The company reported ($0.35) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.06. The business earned $293.75 million during the quarter, compared to the consensus estimate of $284.65 million. Elastic had a negative trailing twelve-month return on equity of 38.73% and a negative net margin of 19.33%.

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 updated 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 initial public offering 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 served 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."

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 $79.51.

How much money does Elastic make?

Elastic (NYSE:ESTC) has a market capitalization of $7.83 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 10/3/2023 by MarketBeat.com Staff

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