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NYSE:ESTC

Elastic - ESTC Stock Forecast, Price & News

$80.87
+0.27 (+0.33%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$79.14
$81.15
50-Day Range
$61.62
$88.22
52-Week Range
$50.74
$189.84
Volume
645,834 shs
Average Volume
1.40 million shs
Market Capitalization
$7.67 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$125.71

Elastic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
55.5% Upside
$125.71 Price Target
Short Interest
Healthy
4.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Elastic in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$937,184 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.92) to ($1.36) Per Share

Overall MarketRank

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

2.50 out of 5 stars

Business Services Sector

80th out of 337 stocks

Prepackaged Software Industry

64th out of 230 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler decreased their price target on Elastic from $155.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, June 2nd. Monness Crespi & Hardt lowered Elastic from a "buy" rating to a "neutral" rating in a report on Thursday, August 11th. William Blair assumed coverage on shares of Elastic in a research note on Monday, April 25th. They set an "outperform" rating for the company. Canaccord Genuity Group began coverage on shares of Elastic in a report on Thursday, July 7th. They issued a "buy" rating on the stock. Finally, Barclays raised their target price on Elastic from $90.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.71.

Elastic Stock Up 0.3 %

NYSE:ESTC traded up $0.27 during mid-day trading on Thursday, reaching $80.87. The stock had a trading volume of 645,834 shares, compared to its average volume of 1,396,601. The stock's 50 day simple moving average is $75.69 and its two-hundred day simple moving average is $78.23. Elastic has a 1-year low of $50.74 and a 1-year high of $189.84. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of -36.76 and a beta of 1.17. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.96 and a quick ratio of 1.96.

Elastic (NYSE:ESTC - Get Rating) last issued its earnings results on Wednesday, June 1st. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The company had revenue of $239.36 million during the quarter, compared to analyst estimates of $232.38 million. Elastic had a negative return on equity of 39.42% and a negative net margin of 23.64%. Elastic's quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) earnings per share. Equities analysts anticipate that Elastic will post -1.92 EPS for the current year.

Insider Buying and Selling at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 3,690 shares of Elastic stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $75.82, for a total transaction of $279,775.80. Following the sale, the chief executive officer now owns 133,622 shares of the company's stock, valued at approximately $10,131,220.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Elastic news, CEO Ashutosh Kulkarni sold 3,690 shares of the firm's stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $75.82, for a total transaction of $279,775.80. Following the transaction, the chief executive officer now owns 133,622 shares of the company's stock, valued at approximately $10,131,220.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Janesh Moorjani sold 2,663 shares of the stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $75.82, for a total transaction of $201,908.66. Following the completion of the transaction, the chief financial officer now owns 78,924 shares of the company's stock, valued at $5,984,017.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,603 shares of company stock worth $937,184. 18.90% of the stock is owned by company insiders.

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ESTC Stock News Headlines

Elastic Issues Inaugural ESG Report - Business Wire
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ESTC Company Calendar

Last Earnings
6/01/2022
Today
8/18/2022
Next Earnings (Confirmed)
8/25/2022
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
$125.71
High Stock Price Forecast
$185.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+55.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$-203,850,000.00
Pretax Margin
-22.93%

Debt

Sales & Book Value

Annual Sales
$862.37 million
Book Value
$4.44 per share

Miscellaneous

Free Float
76,930,000
Market Cap
$7.67 billion
Optionable
Not Optionable
Beta
1.17

Key Executives

  • Mr. Ashutosh KulkarniMr. Ashutosh Kulkarni (Age 46)
    CEO & Director
    Comp: $493.71k
  • Mr. Steven Schuurman CBDOMr. Steven Schuurman CBDO (Age 46)
    Co-Founder & Non-Exec. Director
    Comp: $30k
  • Mr. Shay BanonMr. Shay Banon (Age 44)
    Co-Founder, CTO & Exec. Director
    Comp: $745.41k
  • Mr. Janesh MoorjaniMr. Janesh Moorjani (Age 49)
    CFO & COO
    Comp: $657.92k
  • Mr. Uri Boness
    Founder
  • Mr. Simon Willnauer
    Founder
  • Ms. Janice Oh
    Investor Relations Exec.
  • Ms. Carolyn Herzog
    Chief Legal Officer
  • 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?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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 2022?

17 brokerages have issued 12 month target prices for Elastic's shares. Their ESTC share price forecasts range from $60.00 to $185.00. On average, they anticipate the company's stock price to reach $125.71 in the next year. This suggests a possible upside of 56.0% 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 at the beginning of 2022. Since then, ESTC shares have decreased by 34.5% and is now trading at $80.60.
View the best growth stocks for 2022 here
.

Are investors shorting Elastic?

Elastic saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,210,000 shares, a decrease of 22.7% from the June 30th total of 4,150,000 shares. Based on an average daily trading volume, of 1,430,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 4.2% of the shares of the stock 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 Thursday, August 25th 2022.
View our ESTC earnings forecast
.

How can I listen to Elastic's earnings call?

Elastic will be holding an earnings conference call on Thursday, August 25th 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, June, 1st. The company reported ($0.64) earnings per share for the quarter, missing analysts' consensus estimates of ($0.56) by $0.08. The company earned $239.36 million during the quarter, compared to the consensus estimate of $232.38 million. Elastic had a negative trailing twelve-month return on equity of 39.42% and a negative net margin of 23.64%. The firm's revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS.

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

Elastic issued an update on its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided EPS guidance of -$0.36--$0.28 for the period, compared to the consensus EPS estimate of -$0.28. The company issued revenue guidance of $1.08 billion-$1.09 billion, compared to the consensus revenue estimate of $1.08 billion.

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 initial public offering 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 retail and institutional investors. Top institutional shareholders include FMR LLC (6.21%), Sylebra Capital Ltd (4.74%), JPMorgan Chase & Co. (3.24%), State Street Corp (1.20%), Deutsche Bank AG (1.13%) and Assenagon Asset Management S.A. (0.99%). Insiders that own company stock include Aaron Katz, Ashutosh Kulkarni, 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 $80.60.

How much money does Elastic make?

Elastic (NYSE:ESTC) has a market capitalization of $7.65 billion and generates $862.37 million in revenue each year. The company earns $-203,850,000.00 in net income (profit) each year or ($2.20) 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 8/18/2022 by MarketBeat.com Staff

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