Elastic Stock Forecast, Price & News

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 94.4% and is now trading at $102.66.
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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."
View analyst ratings for Elastic.

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, December 2nd 2020.
View our earnings forecast for Elastic.

Elastic (NYSE:ESTC) issued its quarterly earnings results on Wednesday, August, 26th. The company reported $0.06 EPS for the quarter, beating the Zacks' consensus estimate of ($0.18) by $0.24. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $120.94 million. Elastic had a negative net margin of 30.94% and a negative return on equity of 25.60%. Elastic's quarterly revenue was up 43.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS.
View Elastic's earnings history.

Elastic updated its FY21 earnings guidance on Wednesday, August, 26th. The company provided EPS guidance of ($0.83)-($0.69) for the period, compared to the Thomson Reuters consensus estimate of ($0.91). The company issued revenue guidance of $544-$550 million, compared to the consensus revenue estimate of $537.31 million.

14 analysts have issued 1-year price objectives for Elastic's stock. Their forecasts range from $90.00 to $146.00. On average, they expect Elastic's stock price to reach $127.33 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
View analysts' price targets for Elastic.

Elastic saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,990,000 shares, an increase of 20.3% from the September 30th total of 5,810,000 shares. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is currently 6.7 days. Currently, 11.3% of the shares of the stock are sold short.
View Elastic's Short Interest.

Some companies that are related to Elastic include Electronic Arts (EA), Synopsys (SNPS), Splunk (SPLK), Cadence Design Systems (CDNS), Datadog (DDOG), Okta (OKTA), CrowdStrike (CRWD), Atlassian (TEAM), ANSYS (ANSS), Paycom Software (PAYC), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Cloudflare (NET) and Palantir Technologies (PLTR).
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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 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 a variety of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.60%), DekaBank Deutsche Girozentrale (0.21%), Columbus Circle Investors (0.15%), TCW Group Inc. (0.09%), Osborne Partners Capital Management LLC (0.05%) and Hamilton Lane Advisors LLC (0.04%). 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 Hamilton Lane Advisors LLC, TCW Group Inc., WINTON GROUP Ltd, Aspiriant LLC, Harel Insurance Investments & Financial Services Ltd., State of New Jersey Common Pension Fund D, and Cambridge Investment Research Advisors Inc.. 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 Artemis Investment Management LLP, DekaBank Deutsche Girozentrale, Columbus Circle Investors, KBC Group NV, Envestnet Asset Management Inc., Osborne Partners Capital Management LLC, IBM Retirement Fund, and Amalgamated Bank.
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 $102.66.

Elastic has a market capitalization of $8.86 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]