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NYSE:ESTC

Elastic Stock Forecast, Price & News

$128.31
+11.87 (+10.19%)
(As of 12/8/2021 12:00 AM ET)
Add
Compare
Today's Range
$117.58
$130.46
50-Day Range
$110.55
$186.78
52-Week Range
$97.89
$189.84
Volume
3.10 million shs
Average Volume
977,388 shs
Market Capitalization
$11.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.18
30 days | 90 days | 365 days | Advanced Chart
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Elastic logo

About Elastic

Elastic NV engages in the provision of open source search and analytics engine services. It 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 firms Elastic Stack product 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; 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, site search, enterprise search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on Februar

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,936
Year Founded
N/A

Sales & Book Value

Annual Sales
$608.49 million
Book Value
$5.02 per share

Profitability

Net Income
$-129.43 million
Pretax Margin
-20.06%

Debt

Price-To-Earnings

Miscellaneous

Free Float
73,070,000
Market Cap
$11.78 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
12/01/2021
Today
12/08/2021
Next Earnings (Estimated)
2/23/2022
Fiscal Year End
4/30/2022

MarketRank

Overall MarketRank

2.80 out of 5 stars

Business Services Sector

27th out of 430 stocks

Prepackaged Software Industry

24th out of 269 stocks

Analyst Opinion: 4.4Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 0.6 5 -4 -3 -2 -1 -












Elastic (NYSE:ESTC) Frequently Asked Questions

Is Elastic a buy right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Elastic stock.
View analyst ratings for Elastic
or view top-rated stocks.

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

Elastic's stock was trading at $52.80 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ESTC stock has increased by 143.1% and is now trading at $128.36.
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) issued its quarterly earnings data on Wednesday, December, 1st. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.07. The company had revenue of $206 million for the quarter, compared to analysts' expectations of $194.57 million. Elastic had a negative trailing twelve-month return on equity of 29.13% and a negative net margin of 22.18%. The business's revenue was up 42.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.22) earnings per share.
View Elastic's earnings history
.

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

Elastic updated its FY 2022 earnings guidance on Wednesday, December, 8th. The company provided earnings per share guidance of $-0.610-$-0.510 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.600. The company issued revenue guidance of $826 million-$832 million, compared to the consensus revenue estimate of $813.74 million.

What price target have analysts set for ESTC?

17 Wall Street analysts have issued 12 month price targets for Elastic's shares. Their forecasts range from $150.00 to $230.00. On average, they anticipate Elastic's stock price to reach $183.42 in the next twelve months. This suggests a possible upside of 42.9% 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.

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 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 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 a number of 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 institutional 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 institutional investors are buying Elastic stock?

ESTC stock was bought 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.
Compare Top Brokerages Here.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $128.36.

How much money does Elastic make?

Elastic has a market capitalization of $11.78 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 1,936 workers across the globe.

What is Elastic's official website?

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

Where are Elastic's headquarters?

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 12/8/2021 by MarketBeat.com Staff

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