Elastic Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Elastic stock.
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Wall Street analysts have given Elastic a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Elastic wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, June 2nd 2021.
View our earnings forecast for Elastic.

Elastic (NYSE:ESTC) released its quarterly earnings data on Wednesday, February, 24th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.30. The firm earned $157.12 million during the quarter, compared to analyst estimates of $146.47 million. Elastic had a negative trailing twelve-month return on equity of 22.51% and a negative net margin of 24.21%.
View Elastic's earnings history.

Elastic's stock was trading at $52.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ESTC stock has increased by 135.6% and is now trading at $124.42.
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Elastic updated its fourth quarter 2021 After-Hours earnings guidance on Wednesday, February, 24th. The company provided EPS guidance of -0.18--0.15 for the period, compared to the Thomson Reuters consensus estimate of $-0.22. The company issued revenue guidance of $158-159 million, compared to the consensus revenue estimate of $151.71 million.

17 brokerages have issued 1-year price objectives for Elastic's stock. Their forecasts range from $90.00 to $200.00. On average, they anticipate Elastic's share price to reach $167.47 in the next twelve months. This suggests a possible upside of 34.6% from the stock's current price.
View analysts' price targets for Elastic or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Elastic include DocuSign (DOCU), Veeva Systems (VEEV), Palantir Technologies (PLTR), Electronic Arts (EA), Cadence Design Systems (CDNS), Synopsys (SNPS), Okta (OKTA), ANSYS (ANSS), Atlassian (TEAM), Unity Software (U), Datadog (DDOG), HubSpot (HUBS), Slack Technologies (WORK), Paycom Software (PAYC) and Cloudflare (NET).
View all of ESTC's competitors.

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).

(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.

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

Elastic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Ardevora Asset Management LLP (0.41%), Fortis Capital Management LLC (0.02%), Calamos Advisors LLC (0.01%), FDx Advisors Inc. (0.01%), Ingalls & Snyder LLC (0.01%) and HighPoint Advisor Group LLC (0.01%). 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 Ardevora Asset Management LLP, Calamos Advisors LLC, HighPoint Advisor Group LLC, IBM Retirement Fund, and Valeo Financial Advisors LLC. 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.

ESTC stock was acquired by a variety of institutional investors in the last quarter, including Fortis Capital Management LLC, FDx Advisors Inc., Exchange Traded Concepts LLC, TFO TDC LLC, Liberty One Investment Management LLC, and Ingalls & Snyder LLC.
View insider buying and selling activity for Elastic or or view top insider-buying stocks.

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.
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One share of ESTC stock can currently be purchased for approximately $124.42.

Elastic has a market capitalization of $11.17 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 2,084 workers across the globe.

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

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

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]