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NYSE:ESTC

Elastic - ESTC Stock Forecast, Price & News

$57.77
-1.11 (-1.89%)
(As of 11/28/2022 12:00 AM ET)
Add
Compare
Today's Range
$57.62
$60.32
50-Day Range
$52.85
$83.50
52-Week Range
$50.33
$162.46
Volume
2.02 million shs
Average Volume
1.40 million shs
Market Capitalization
$5.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$114.86

Elastic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
95.7% Upside
$113.07 Price Target
Short Interest
Bearish
6.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.33mentions of Elastic in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.29) to ($1.61) Per Share

Overall MarketRank

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

2.52 out of 5 stars

Business Services Sector

186th out of 327 stocks

Prepackaged Software Industry

130th out of 221 stocks

ESTC stock logo

About Elastic (NYSE:ESTC) Stock

Elastic N.V., a search company, delivers technology 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 perform search, analysis, and visualization. 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; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; Elastic Agent that offers integrated host protection and central management services; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, workplace search, logging, metrics, application performance management, and synthetic monitoring. The company's platform solutions provide new capabilities that helps users to combine the benefits of the Elastic Stack. The company was incorporated in 2012 and is headquartered in Mountain View, California.

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ESTC Stock News Headlines

Elastic (NYSE:ESTC) Price Target Cut to $80.00
Elastic (NYSE: ESTC)
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ESTC Company Calendar

Last Earnings
12/01/2021
Today
11/28/2022
Next Earnings (Confirmed)
11/30/2022
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,978
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$113.07
High Stock Price Forecast
$185.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+98.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
16 Analysts

Profitability

Net Income
$-203,850,000.00
Pretax Margin
-25.31%

Debt

Sales & Book Value

Annual Sales
$862.37 million
Book Value
$4.44 per share

Miscellaneous

Free Float
77,205,000
Market Cap
$5.49 billion
Optionable
Not Optionable
Beta
1.05

Key Executives

  • Mr. Ashutosh KulkarniMr. Ashutosh Kulkarni (Age 46)
    CEO & Director
    Comp: $927.04k
  • Mr. Steven Schuurman CBDOMr. Steven Schuurman CBDO (Age 46)
    Co-Founder & Independent Non-Exec. Director
    Comp: $30k
  • Mr. Shay BanonMr. Shay Banon (Age 44)
    Co-Founder, CTO & Exec. Director
    Comp: $752.99k
  • Mr. Janesh MoorjaniMr. Janesh Moorjani (Age 49)
    CFO & COO
    Comp: $703.85k
  • Mr. Uri Boness
    Founder
  • Mr. Simon Willnauer
    Founder
  • Mr. Nikolay Ivanov Beliov C.F.A.
    VP of Investor Relations
  • Ms. Carolyn Herzog (Age 55)
    Chief Legal Officer & Corp. Sec.
  • Mr. Justin Hoffman
    Sr. VP of Sales
  • Mr. Craig Griffin
    VP of Bus. Devel.













ESTC Stock - Frequently Asked Questions

Should I buy or sell Elastic stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 1 sell rating, 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ESTC shares.
View ESTC analyst ratings
or view top-rated stocks.

What is Elastic's stock price forecast for 2023?

16 Wall Street research analysts have issued 1 year price objectives for Elastic's shares. Their ESTC share price forecasts range from $73.00 to $185.00. On average, they expect the company's share price to reach $113.07 in the next year. This suggests a possible upside of 95.7% from the stock's current price.
View analysts price targets for ESTC
or view top-rated stocks among Wall Street analysts.

How have ESTC shares performed in 2022?

Elastic's stock was trading at $123.09 on January 1st, 2022. Since then, ESTC stock has decreased by 53.1% and is now trading at $57.77.
View the best growth stocks for 2022 here
.

Are investors shorting Elastic?

Elastic saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 5,130,000 shares, an increase of 33.6% from the October 15th total of 3,840,000 shares. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 6.8% 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 30th 2022.
View our ESTC earnings forecast
.

How can I listen to Elastic's earnings call?

Elastic will be holding an earnings conference call on Wednesday, November 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) released its earnings results on Wednesday, December, 1st. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company had revenue of $206 million for the quarter, compared to the consensus estimate of $194.57 million. Elastic had a negative net margin of 25.99% and a negative trailing twelve-month return on equity of 48.44%. Elastic's revenue for the quarter was up 42.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) earnings per share.

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

Elastic issued an update on its second quarter 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share (EPS) guidance of -$0.11--$0.09 for the period, compared to the consensus earnings per share estimate of -$0.09. The company issued revenue guidance of $260.00 million-$262.00 million, compared to the consensus revenue estimate of $260.67 million.

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 a price of $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 Vanguard Group Inc. (7.75%), BlackRock Inc. (5.52%), Baillie Gifford & Co. (5.10%), Sylebra Capital Ltd (4.89%), State Street Corp (1.23%) and Alliancebernstein L.P. (1.18%). Insiders that own company stock include Aaron Katz, Ashutosh Kulkarni, Carolyn Herzog, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, 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 $57.77.

How much money does Elastic make?

Elastic (NYSE:ESTC) has a market capitalization of $5.49 billion and generates $862.37 million in revenue each year. The company earns $-203,850,000.00 in net income (profit) each year or ($2.56) on an earnings per share basis.

How many employees does Elastic have?

The company employs 2,978 workers across the globe.

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 11/28/2022 by MarketBeat.com Staff