Elastic - ESTC Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 1 sell rating, 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ESTC shares.
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15 brokers have issued 12 month price targets for Elastic's stock. Their ESTC share price forecasts range from $70.00 to $156.00. On average, they anticipate the company's share price to reach $94.53 in the next year. This suggests a possible upside of 82.4% from the stock's current price.
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Elastic's stock was trading at $123.09 at the beginning of 2022. Since then, ESTC shares have decreased by 57.9% and is now trading at $51.84.
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Elastic saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 5,130,000 shares, an increase of 33.6% from the October 15th total of 3,840,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 6.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our ESTC earnings forecast.

Elastic (NYSE:ESTC) posted its quarterly earnings data on Wednesday, December, 1st. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. The company had revenue of $206 million for the quarter, compared to analyst estimates of $194.57 million. Elastic had a negative trailing twelve-month return on equity of 53.05% and a negative net margin of 24.46%. The business's revenue for the quarter was up 42.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) EPS.

Elastic updated its FY23 earnings guidance on Wednesday, November, 30th. The company provided earnings per share guidance of $(0.03)-0.03 for the period, compared to the consensus estimate of ($0.28). The company issued revenue guidance of $1.067-1.073 billion, compared to the consensus revenue estimate of $1.08 billion.

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.

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).

(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.

Elastic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTC."

Elastic's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.75%), BlackRock Inc. (5.52%), Baillie Gifford & Co. (5.10%), Sylebra Capital Ltd (4.89%), State Street Corp (1.23%) and Alliancebernstein L.P. (1.18%). Insiders that own company stock include Aaron Katz, Ashutosh Kulkarni, Carolyn Herzog, 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.

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.
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One share of ESTC stock can currently be purchased for approximately $51.84.

Elastic (NYSE:ESTC) has a market capitalization of $4.93 billion and generates $862.37 million in revenue each year. The company earns $-203,850,000.00 in net income (profit) each year or ($2.55) on an earnings per share basis.

The company employs 2,978 workers across the globe.

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.