NYSE:ESTC

Elastic Stock Forecast, Price & News

$145.23
+1.26 (+0.88 %)
(As of 06/21/2021 03:33 PM ET)
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Today's Range
$141.00
$146.12
50-Day Range
$103.00
$143.97
52-Week Range
$80.18
$176.49
Volume26,789 shs
Average Volume1.05 million shs
Market Capitalization$13.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.06
30 days | 90 days | 365 days | Advanced Chart
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Elastic logo

About Elastic

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. 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 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; 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, site search, workplace search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. Elastic N.V. has a strategic partnership with Confluent, Inc. to enhance existing product integrations and jointly develop new capabilities that helps users to combine the benefits of the Elastic Stack and Kafka. The company was founded in 2012 and is headquartered in Mountain View, California.

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MarketRank

Overall MarketRank

1.73 out of 5 stars

Business Services Sector

91st out of 505 stocks

Prepackaged Software Industry

55th out of 311 stocks

Analyst Opinion: 3.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Elastic (NYSE:ESTC) Frequently Asked Questions

Is Elastic a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 2 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Elastic stock.
View analyst ratings for Elastic
or view top-rated stocks.

What stocks does MarketBeat like better than Elastic?

Wall Street analysts have given Elastic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Elastic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Elastic?

Elastic saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 7,810,000 shares, a drop of 20.3% from the May 13th total of 9,800,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 11.7% of the company's shares are short sold.
View Elastic's Short Interest
.

When is Elastic's next earnings date?

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, August 25th 2021.
View our earnings forecast for Elastic
.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) issued its quarterly earnings data on Tuesday, June, 1st. The company reported ($0.08) EPS for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.08. The company earned $177.60 million during the quarter, compared to analyst estimates of $158.87 million. Elastic had a negative trailing twelve-month return on equity of 23.24% and a negative net margin of 21.27%. Elastic's revenue for the quarter was up 43.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS.
View Elastic's earnings history
.

How has Elastic's stock been impacted by COVID-19?

Elastic's stock was trading at $52.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ESTC stock has increased by 175.1% and is now trading at $145.23.
View which stocks have been most impacted by COVID-19
.

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

Elastic issued an update on its FY 2022 earnings guidance on Tuesday, June, 15th. The company provided earnings per share guidance of $-0.600--0.510 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.480. The company issued revenue guidance of $782 million-788 million, compared to the consensus revenue estimate of $743.28 million.

What price target have analysts set for ESTC?

19 analysts have issued 1 year price targets for Elastic's shares. Their forecasts range from $120.00 to $212.00. On average, they anticipate Elastic's stock price to reach $168.75 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
View analysts' price targets for Elastic
or view top-rated stocks among Wall Street analysts.

Who are Elastic's key executives?

Elastic's management team includes the following people:
  • Mr. Shay Banon, Co-Founder, CEO & Exec. Chairman (Age 43, Pay $571.89k)
  • Mr. Steven Schuurman, Co-Founder & Non-Exec. Director (Age 45, Pay $30k)
  • Mr. Janesh Moorjani, Chief Financial Officer (Age 48, Pay $572.93k)
  • Mr. W. H. Baird Garrett, Sr. VP of Legal, Gen. Counsel & Sec. (Age 59, Pay $400k)
  • Mr. Kevin Kluge, Sr. VP of Engineering (Age 50, Pay $442.11k)
  • Mr. Uri Boness, Founder
  • Mr. Simon Willnauer, Founder
  • Mr. Robin Sharpe, VP of Operations
  • Mr. Anthony Luscri, VP of Investor Relations
  • Mr. Justin Hoffman, Sr. VP of Sales

What is Shay Banon's approval rating as Elastic's CEO?

81 employees have rated Elastic CEO Shay Banon on Glassdoor.com. Shay Banon has an approval rating of 93% among Elastic's employees. This puts Shay Banon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Elastic's key competitors?

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), Square (SQ), Fastly (FSLY), Roku (ROKU), Okta (OKTA), DocuSign (DOCU), The 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 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."

Who are Elastic's major shareholders?

Elastic's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.85%), Sylebra Capital Ltd (5.62%), Capital International Investors (2.71%), JPMorgan Chase & Co. (2.57%), Jackson Square Partners LLC (2.54%) and Morgan Stanley (2.30%). Company insiders that own Elastic stock include Aaron Katz, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Shay Banon, Steven Schuurman and WH Baird Garrett.
View institutional ownership trends for Elastic
.

Which major investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Renaissance Technologies LLC, Mawer Investment Management Ltd., Healthcare of Ontario Pension Plan Trust Fund, Ardevora Asset Management LLP, Pier Capital LLC, HRT Financial LP, and Artemis Investment Management LLP. Company insiders that have sold Elastic company stock in the last year include Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Shay Banon, Steven Schuurman, and WH Baird Garrett.
View insider buying and selling activity for Elastic
or view top insider-selling stocks.

Which major investors are buying Elastic stock?

ESTC stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Morgan Stanley, Marcho Partners LLP, XN Exponent Advisors LLC, Sylebra Capital Ltd, JPMorgan Chase & Co., Jackson Square Partners LLC, and Nikko Asset Management Americas Inc..
View insider buying and selling activity for Elastic
or or view top insider-buying stocks.

How do I buy shares of Elastic?

Shares of ESTC 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 $145.23.

How much money does Elastic make?

Elastic has a market capitalization of $13.04 billion and generates $608.49 million in revenue each year. The company earns $-129,430,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.

How many employees does Elastic have?

Elastic employs 1,936 workers across the globe.

What is Elastic's official website?

The official website for Elastic is www.elastic.co.

Where are Elastic's headquarters?

Elastic is headquartered at 800 West El Camino Real Suite 350, Mountain View CA, 94040.

How can I contact Elastic?

Elastic's mailing address is 800 West El Camino Real Suite 350, Mountain View CA, 94040. The company can be reached via phone at 650-458-2620 or via email at [email protected]


This page was last updated on 6/21/2021 by MarketBeat.com Staff
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