NYSE:ESTCElastic Stock Price, Forecast & News

Elastic's stock was trading at $52.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ESTC stock has increased by 67.9% and is now trading at $88.67.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
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Elastic NV (NYSE:ESTC) issued its quarterly earnings results on Wednesday, June, 3rd. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.31) by $0.19. The firm had revenue of $123.60 million for the quarter, compared to the consensus estimate of $117.15 million. Elastic had a negative return on equity of 34.65% and a negative net margin of 39.09%. The business's revenue for the quarter was up 52.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) earnings per share.
View Elastic's earnings history.

Elastic updated its FY21 earnings guidance on Wednesday, June, 3rd. The company provided EPS guidance of ($0.98)-($0.85) for the period, compared to the Thomson Reuters consensus estimate of ($1.32). The company issued revenue guidance of $530-$540 million, compared to the consensus revenue estimate of $561.27 million.

14 Wall Street analysts have issued 12 month target prices for Elastic's shares. Their forecasts range from $60.00 to $137.00. On average, they anticipate Elastic's share price to reach $96.86 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
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News articles about ESTC stock have trended positive recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Elastic earned a news impact score of 2.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Elastic.

Elastic saw a increase in short interest in July. As of July 31st, there was short interest totaling 7,320,000 shares, an increase of 14.0% from the July 15th total of 6,420,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is presently 5.2 days. Approximately 12.3% of the shares of the stock are sold short.
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Some companies that are related to Elastic include Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC), Tyler Technologies (TYL) and Nice (NICE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Square (SQ), Roku (ROKU), Twilio (TWLO), Okta (OKTA), Netflix (NFLX), Alibaba Group (BABA), Trade Desk (TTD), Alteryx (AYX) and Splunk (SPLK).

(ESTC) raised $192 million in an initial public offering (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.

Elastic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTC."

Elastic's stock is owned by many different institutional and retail investors. Top institutional investors include Ardevora Asset Management LLP (0.63%), First Trust Advisors LP (0.55%), Glynn Capital Management LLC (0.39%), Raymond James & Associates (0.15%), Swiss National Bank (0.14%) and Russell Investments Group Ltd. (0.13%). Company insiders that own Elastic stock include Aaron Katz, Benchmark Capital Management C, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Shay Banon, Steven Schuurman and WH Baird Garrett.
View institutional ownership trends for Elastic.

ESTC stock was sold by a variety of institutional investors in the last quarter, including Glynn Capital Management LLC, Hamilton Lane Advisors LLC, Aspiriant LLC, Steward Partners Investment Advisory LLC, and Malaga Cove Capital LLC. Company insiders that have sold Elastic company stock in the last year include Aaron Katz, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Shay Banon, Steven Schuurman, and WH Baird Garrett.
View insider buying and selling activity for Elastic.

ESTC stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, First Trust Advisors LP, Russell Investments Group Ltd., Swiss National Bank, Raymond James & Associates, Osborne Partners Capital Management LLC, WINTON GROUP Ltd, and Vident Investment Advisory LLC.
View insider buying and selling activity for Elastic.

Shares of ESTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ESTC stock can currently be purchased for approximately $88.67.

Elastic has a market capitalization of $7.56 billion and generates $427.62 million in revenue each year. The company earns $-167,170,000.00 in net income (profit) each year or ($1.53) on an earnings per share basis. Elastic employs 1,936 workers across the globe.

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

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]