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. Since then, ESTC shares have increased by 95.5% and is now trading at $103.20.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, December 2nd 2020.
View our earnings forecast for Elastic.

Elastic NV (NYSE:ESTC) issued its earnings results on Wednesday, August, 26th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.24. The company had revenue of $128.90 million for the quarter, compared to analysts' expectations of $120.94 million. Elastic had a negative return on equity of 25.60% and a negative net margin of 30.94%. The business's revenue for the quarter was up 43.7% on a year-over-year basis. During the same period last year, the business posted ($0.32) earnings per share.
View Elastic's earnings history.

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

14 brokers have issued 1-year price targets for Elastic's stock. Their forecasts range from $90.00 to $146.00. On average, they expect Elastic's stock price to reach $122.53 in the next year. This suggests a possible upside of 18.7% from the stock's current price.
View analysts' price targets for Elastic.

Elastic saw a decline in short interest in August. As of August 31st, there was short interest totaling 4,520,000 shares, a decline of 19.1% from the August 15th total of 5,590,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 7.4% of the shares of the stock are short sold.
View Elastic's Short Interest.

Some companies that are related to Elastic include Twilio (TWLO), Synopsys (SNPS), Crowdstrike (CRWD), Splunk (SPLK), Cadence Design Systems (CDNS), ANSYS (ANSS), Datadog (DDOG), Okta (OKTA), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Coupa Software (COUP), Citrix Systems (CTXS), Paycom Software (PAYC) and SS&C Technologies (SSNC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Roku (ROKU), Fastly (FSLY), Square (SQ), Okta (OKTA), Docusign (DOCU), Twilio (TWLO), Alibaba Group (BABA), Trade Desk (TTD) and salesforce.com (CRM).

(ESTC) raised $192 million in an initial public offering 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 number of institutional and retail investors. Top institutional shareholders include FMR LLC (10.00%), Vanguard Group Inc. (5.13%), FIL Ltd (3.00%), TimesSquare Capital Management LLC (0.98%), Goldman Sachs Group Inc. (0.81%) and Ardevora Asset Management LLP (0.63%). 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 FIL Ltd, black and white Capital LP, Goldman Sachs Group Inc., Glynn Capital Management LLC, TimesSquare Capital Management LLC, Pier Capital LLC, Hamilton Lane Advisors LLC, and Bank of America Corp DE. 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 acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Ardevora Asset Management LLP, FMR LLC, Healthcare of Ontario Pension Plan Trust Fund, Point72 Asset Management L.P., First Trust Advisors LP, Macquarie Group Ltd., and Man Group plc.
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 $103.20.

Elastic has a market capitalization of $8.90 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]