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NYSE:ESTCElastic Stock Price, Forecast & News

$83.85
-0.09 (-0.11 %)
(As of 08/11/2020 04:00 PM ET)
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Today's Range
$80.18
Now: $83.85
$86.34
50-Day Range
$85.35
MA: $92.49
$97.92
52-Week Range
$39.01
Now: $83.85
$99.56
Volume860,305 shs
Average Volume1.37 million shs
Market Capitalization$7.15 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.94
Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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. Its Elastic Stack comprises products, such as 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. The company also offers software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance monitoring, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded in 2012 and is headquartered in Mountain View, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone650-458-2620

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$427.62 million
Book Value$5.06 per share

Profitability

Net Income$-167,170,000.00

Miscellaneous

Employees1,936
Market Cap$7.15 billion
Next Earnings Date8/26/2020 (Estimated)
OptionableNot Optionable
$83.85
-0.09 (-0.11 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Elastic (NYSE:ESTC) Frequently Asked Questions

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

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 shares have increased by 58.8% and is now trading at $83.85.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Elastic?

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."
View analyst ratings for Elastic
.

When is Elastic's next earnings date?

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
View our earnings forecast for Elastic
.

How were Elastic's earnings last quarter?

Elastic NV (NYSE:ESTC) released its earnings results on Wednesday, June, 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.19. The company 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 company's revenue was up 52.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.28) earnings per share.
View Elastic's earnings history
.

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

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

What price target have analysts set for ESTC?

14 brokerages have issued 1-year target prices for Elastic's stock. Their forecasts range from $60.00 to $137.00. On average, they anticipate Elastic's share price to reach $96.86 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts' price targets for Elastic
.

Has Elastic been receiving favorable news coverage?

Media stories about ESTC stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Elastic earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Elastic
.

Are investors shorting Elastic?

Elastic saw a increase in short interest in the month of 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 daily volume of 1,400,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 12.3% of the shares of the company are sold short.
View Elastic's Short Interest
.

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), Okta (OKTA), Roku (ROKU), Twilio (TWLO), Fastly (FSLY), Trade Desk (TTD), Alteryx (AYX), Crowdstrike (CRWD) and Paypal (PYPL).

Who are Elastic's key executives?

Elastic's management team includes the following people:
  • Mr. Shay Banon, Co-Founder, CEO & Chairman (Age 41)
  • Mr. Janesh Moorjani, Chief Financial Officer (Age 46)
  • Mr. Aaron Katz, Chief Revenue Officer (Age 42)
  • Mr. Uri Boness, Founder
  • Mr. Simon Willnauer, Founder

When did Elastic IPO?

(ESTC) raised $192 million in an IPO 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."

Who are Elastic's major shareholders?

Elastic's stock is owned by a number of institutional and retail investors. Top institutional investors include TimesSquare Capital Management LLC (0.98%), Ardevora Asset Management LLP (0.63%), First Trust Advisors LP (0.55%), Glynn Capital Management LLC (0.39%), Healthcare of Ontario Pension Plan Trust Fund (0.34%) and Macquarie Group Ltd. (0.22%). 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
.

Which institutional investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including Glynn Capital Management LLC, TimesSquare Capital Management LLC, Hamilton Lane Advisors LLC, Scotia Capital Inc., 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
.

Which institutional investors are buying Elastic stock?

ESTC stock was purchased by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Healthcare of Ontario Pension Plan Trust Fund, First Trust Advisors LP, Macquarie Group Ltd., Russell Investments Group Ltd., Swiss National Bank, Raymond James & Associates, and Osborne Partners Capital Management LLC.
View insider buying and selling activity for Elastic
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $83.85.

How big of a company is Elastic?

Elastic has a market capitalization of $7.15 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.

What is Elastic's official website?

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

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 8/12/2020 by MarketBeat.com Staff

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