Elastic Stock Forecast, Price & News

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 shares have increased by 120.1% and is now trading at $116.23.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 4 hold ratings and 11 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) released its earnings results on Wednesday, August, 26th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.24. The company earned $128.90 million during the quarter, compared to analyst estimates of $120.94 million. Elastic had a negative return on equity of 25.60% and a negative net margin of 30.94%. The company's revenue for the quarter was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the company 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 (EPS) 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.

15 equities research analysts have issued twelve-month price objectives for Elastic's shares. Their forecasts range from $90.00 to $146.00. On average, they anticipate Elastic's stock price to reach $125.19 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for Elastic.

Elastic saw a increase in short interest in September. As of September 30th, there was short interest totaling 5,810,000 shares, an increase of 17.6% from the September 15th total of 4,940,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is presently 5.5 days. Currently, 9.4% of the company's stock are sold short.
View Elastic's Short Interest.

Some companies that are related to Elastic include Electronic Arts (EA), Synopsys (SNPS), Splunk (SPLK), Datadog (DDOG), Cadence Design Systems (CDNS), CrowdStrike (CRWD), Okta (OKTA), ANSYS (ANSS), Atlassian (TEAM), Paycom Software (PAYC), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Slack Technologies (WORK) and Cloudflare (NET).
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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), Trade Desk (TTD), Twilio (TWLO), CrowdStrike (CRWD) and Alibaba Group (BABA).

(ESTC) raised $192 million in an IPO 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.

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

Elastic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hamilton Lane Advisors LLC (0.04%), Envestnet Asset Management Inc. (0.03%), Arden Trust Co (0.01%), Harel Insurance Investments & Financial Services Ltd. (0.01%) and IBM Retirement Fund (0.00%). 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, and Harel Insurance Investments & Financial Services Ltd.. 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 Envestnet Asset Management Inc., IBM Retirement Fund, and Arden Trust Co.
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 $116.23.

Elastic has a market capitalization of $10.03 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 1,962 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]