Elastic Stock Forecast, Price & News

Elastic (NYSE:ESTC) Frequently Asked Questions

Is Elastic a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Elastic stock.
View analyst ratings for Elastic or view top-rated stocks.

How has Elastic's stock price been impacted by Coronavirus?

Elastic's stock was trading at $52.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ESTC stock has increased by 109.4% and is now trading at $110.55.
View which stocks have been most impacted by COVID-19.

When is Elastic's next earnings date?

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Elastic.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) posted its quarterly earnings results on Wednesday, December, 1st. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The company earned $206 million during the quarter, compared to analyst estimates of $194.57 million. Elastic had a negative net margin of 22.18% and a negative trailing twelve-month return on equity of 29.13%. The company's revenue for the quarter was up 42.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) earnings per share.
View Elastic's earnings history.

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

Elastic updated its FY22 earnings guidance on Wednesday, December, 1st. The company provided EPS guidance of ($0.61)-($0.51) for the period, compared to the Thomson Reuters consensus estimate of ($0.60). The company issued revenue guidance of $826-$832 million, compared to the consensus revenue estimate of $813.52 million.

What price target have analysts set for ESTC?

16 brokerages have issued 1 year price objectives for Elastic's shares. Their forecasts range from $150.00 to $230.00. On average, they anticipate Elastic's stock price to reach $184.94 in the next twelve months. This suggests a possible upside of 67.3% from the stock's current price.
View analysts' price targets for Elastic or view top-rated stocks among Wall Street analysts.

Who are Elastic's key executives?

Elastic's management team includes the following people:

• Shay Banon, Chairman & Chief Executive Officer
• Janesh Jamnadas Moorjani, Chief Financial Officer
• Kevin Kluge, Senior Vice President-Engineering
• Kim Huffman, Vice President-Information Technology
• Nathaniel C. Fick, General Manager

What is Shay Banon's approval rating as Elastic's CEO?

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.

Who are some of Elastic's key competitors?

Some companies that are related to Elastic include Veeva Systems (VEEV), Palantir Technologies (PLTR), Electronic Arts (EA), ANSYS (ANSS), Okta (OKTA), HubSpot (HUBS), MongoDB (MDB), DocuSign (DOCU), Paycom Software (PAYC), Bill.com (BILL), ZoomInfo Technologies (ZI), UiPath (PATH), Tyler Technologies (TYL), SS&C Technologies (SSNC) and Take-Two Interactive Software (TTWO).
View all of ESTC's 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), 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 (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.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.66%), Sylebra Capital Ltd (4.94%), Morgan Stanley (1.96%), Deutsche Bank AG (1.37%), Eagle Asset Management Inc. (0.94%) and Geode Capital Management LLC (0.91%). Company insiders that own Elastic stock include Aaron Katz, 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 for Elastic.

Which major investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Morgan Stanley, Broad Bay Capital Management LP, Thrivent Financial for Lutherans, Deutsche Bank AG, KBC Group NV, Schonfeld Strategic Advisors LLC, and Ardevora Asset Management LLP. Company insiders that have sold Elastic company stock in the last year include Janesh Moorjani, Jonathan Chadwick, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Steven Schuurman, and WH Baird Garrett.
View insider buying and selling activity for Elastic or view top insider-selling stocks.

Which major investors are buying Elastic stock?

ESTC stock was acquired by a variety of institutional investors in the last quarter, including HAP Trading LLC, Suvretta Capital Management LLC, Bank of Nova Scotia, Park West Asset Management LLC, Falcon Edge Capital LP, BlackRock Inc., Millennium Management LLC, and Sylebra Capital Ltd.
View insider buying and selling activity for Elastic or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $110.55.

How much money does Elastic make?

Elastic has a market capitalization of $10.15 billion and generates $608.49 million in revenue each year. The company earns $-129.43 million in net income (profit) each year or ($1.80) on an earnings per share basis.

How many employees does Elastic have?

Elastic employs 2,179 workers across the globe.

What is Elastic's official website?

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

Where are Elastic's headquarters?

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

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].