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NYSE:ESTC

Elastic (ESTC) Stock Price, News & Analysis

$117.01
-16.80 (-12.56%)
(As of 03/1/2024 ET)
Today's Range
$112.40
$119.95
50-Day Range
$103.32
$133.84
52-Week Range
$50.21
$136.06
Volume
6.72 million shs
Average Volume
1.47 million shs
Market Capitalization
$11.65 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$96.28

Elastic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.2% Downside
$105.05 Price Target
Short Interest
Healthy
4.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Elastic in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$14.93 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.17) to ($0.95) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.49 out of 5 stars

Business Services Sector

154th out of 314 stocks

Prepackaged Software Industry

115th out of 206 stocks


ESTC stock logo

About Elastic Stock (NYSE:ESTC)

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 Stock Price History

ESTC Stock News Headlines

Elastic Reports Q3 Results: Analysts Weigh In
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
RBC Capital Reaffirms Their Buy Rating on Elastic (ESTC)
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Elastic price target raised by $13 at Baird, here's why
Elastic: Fiscal Q3 Earnings Snapshot
Elastic: Q3 Earnings Insights
Smart Money Is Betting Big In ESTC Options
Elastic price target raised by $20 at Jefferies, here's why
Elastic to Present in Upcoming Investor Conference
See More Headlines
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Company Calendar

Last Earnings
6/01/2023
Today
3/01/2024
Fiscal Year End
4/30/2024
Next Earnings (Estimated)
6/06/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,886
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$105.05
High Stock Price Target
$154.00
Low Stock Price Target
$65.00
Potential Upside/Downside
-17.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
21 Analysts

Profitability

Net Income
$-236,160,000.00
Pretax Margin
-14.22%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Book Value
$4.13 per share

Miscellaneous

Free Float
81,572,000
Market Cap
$11.65 billion
Optionable
Optionable
Beta
0.95

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ESTC Stock Analysis - Frequently Asked Questions

Should I buy or sell Elastic stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 7 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ESTC shares.
View ESTC analyst ratings
or view top-rated stocks.

What is Elastic's stock price target for 2024?

21 Wall Street research analysts have issued 12 month price targets for Elastic's shares. Their ESTC share price targets range from $65.00 to $154.00. On average, they expect the company's stock price to reach $105.05 in the next twelve months. This suggests that the stock has a possible downside of 10.2%.
View analysts price targets for ESTC
or view top-rated stocks among Wall Street analysts.

How have ESTC shares performed in 2024?

Elastic's stock was trading at $112.70 at the start of the year. Since then, ESTC shares have increased by 3.8% and is now trading at $117.01.
View the best growth stocks for 2024 here
.

Are investors shorting Elastic?

Elastic saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 3,250,000 shares, a drop of 16.2% from the January 31st total of 3,880,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 2.1 days. Currently, 4.0% of the shares of the stock are short sold.
View Elastic's Short Interest
.

When is Elastic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our ESTC earnings forecast
.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) announced its quarterly earnings data on Thursday, June, 1st. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.13. The business had revenue of $279.94 million for the quarter, compared to analyst estimates of $277.63 million. Elastic had a negative trailing twelve-month return on equity of 30.65% and a negative net margin of 16.62%. The business's revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.64) EPS.

What guidance has Elastic issued on next quarter's earnings?

Elastic issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share guidance of 1.150-1.180 for the period, compared to the consensus EPS estimate of 1.140. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 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.

Who are Elastic's major shareholders?

Elastic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.60%), Baillie Gifford & Co. (7.80%), Sylebra Capital LLC (4.05%), Voya Investment Management LLC (3.56%), FIL Ltd (1.31%) and Optimus Prime Fund Management Co. Ltd. (1.01%). Insiders that own company stock include Ashutosh Kulkarni, Carolyn Herzog, Janesh Moorjani, Jonathan Chadwick, Ken Exner, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Shelley B Leibowitz, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:ESTC) was last updated on 3/1/2024 by MarketBeat.com Staff