NYSE:ESTCElastic Stock Price, Forecast & News

$89.27

+0.53 (+0.60 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$87.63

Now: $89.27▼

$90.17

50-Day Range

$53.93

MA: $69.72▼

$89.66

52-Week Range

$39.01

Now: $89.27▼

$104.10

Volume5.65 million shs

Average Volume1.45 million shs

Market Capitalization$7.30 billion

P/E RatioN/A

Dividend YieldN/A

Beta0.94

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization. Its Elastic Stack comprises products, such as 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. The company also offers software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance monitoring, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded in 2012 and is headquartered in Mountain View, California.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Elastic has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $88.23, Elastic has a potential downside of 1.2% from its current price of $89.27.
Amount of Analyst Coverage
Elastic has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Elastic has received 177 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Elastic has received 160 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Elastic has received 52.52% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Elastic and other stocks. Vote “Outperform” if you believe ESTC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ESTC will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Elastic does not currently pay a dividend.
Dividend Growth
Elastic does not have a long track record of dividend growth.

2.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Elastic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,831,212.00 in company stock.
Percentage Held by Insiders
35.30% of the stock of Elastic is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.23% of the stock of Elastic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Elastic are expected to decrease in the coming year, from ($1.89) to ($2.23) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Elastic is -40.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Elastic is -40.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Elastic has a P/B Ratio of 24.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.40 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Prepackaged software

Sub-IndustryN/A

SectorBusiness Services

Current SymbolNYSE:ESTC

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.elastic.co

Phone650-458-2620

Debt

Debt-to-Equity Ratio0.07

Current Ratio1.61

Quick Ratio1.61

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$271.65 million

Price / Sales26.86

Cash FlowN/A

Price / Cash FlowN/A

Book Value$3.58 per share

Price / Book24.94

Profitability

EPS (Most Recent Fiscal Year)($1.80)

Net Income$-102,300,000.00

Net Margins-44.42%

Return on Equity-41.56%

Return on Assets-22.77%

Miscellaneous

Employees1,442

Outstanding Shares81,721,000

Market Cap$7.30 billion

Next Earnings Date6/3/2020 (Confirmed)

OptionableNot Optionable

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Elastic (NYSE:ESTC) Frequently Asked Questions

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

Elastic's stock was trading at $52.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ESTC stock has increased by 69.1% and is now trading at $89.27. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Elastic?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Elastic.

When is Elastic's next earnings date?

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, June 3rd 2020. View our earnings forecast for Elastic.

How were Elastic's earnings last quarter?

Elastic NV (NYSE:ESTC) released its quarterly earnings results on Wednesday, December, 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.50) by $0.28. The company had revenue of $101.10 million for the quarter, compared to analysts' expectations of $96.51 million. Elastic had a negative net margin of 44.42% and a negative return on equity of 41.56%. The business's revenue was up 59.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.38) earnings per share. View Elastic's earnings history.

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

Elastic issued an update on its FY21 earnings guidance on Wednesday, June, 3rd. The company provided earnings per share (EPS) guidance of ($0.98)-($0.85) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.32). The company issued revenue guidance of $530-$540 million, compared to the consensus revenue estimate of $561.27 million.

What price target have analysts set for ESTC?

13 equities research analysts have issued 1-year price targets for Elastic's shares. Their forecasts range from $60.00 to $137.00. On average, they anticipate Elastic's stock price to reach $88.23 in the next year. This suggests that the stock has a possible downside of 1.2%. View analysts' price targets for Elastic.

Has Elastic been receiving favorable news coverage?

News articles about ESTC stock have been trending very negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Elastic earned a daily sentiment score of -3.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutElastic.

Who are some of Elastic's key competitors?

Some companies that are related to Elastic include Twilio (TWLO), Synopsys (SNPS), Docusign (DOCU), Cadence Design Systems (CDNS), ANSYS (ANSS), Okta (OKTA), Atlassian (TEAM), Datadog (DDOG), Crowdstrike (CRWD), Citrix Systems (CTXS), Paycom Software (PAYC), Check Point Software Technologies (CHKP), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO) and Tyler Technologies (TYL). View all 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), Roku (ROKU), Twilio (TWLO), Okta (OKTA), Netflix (NFLX), Alibaba Group (BABA), Trade Desk (TTD), Alteryx (AYX) and Splunk (SPLK).

Who are Elastic's key executives?

Elastic's management team includes the following people:

Mr. Shay Banon, Co-Founder, CEO & Chairman (Age 41)
Mr. Janesh Moorjani, Chief Financial Officer (Age 46)
Mr. Aaron Katz, Chief Revenue Officer (Age 42)
Mr. Uri Boness, Founder
Mr. Simon Willnauer, Founder

When did Elastic IPO?

(ESTC) raised $192 million in an 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 a number of institutional and retail investors. Top institutional shareholders include Sylebra Capital Ltd (7.08%), BlackRock Inc. (3.80%), JPMorgan Chase & Co. (2.67%), Capital International Investors (2.61%), Carmignac Gestion (2.36%) and Valinor Management L.P. (1.37%). 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.

Which institutional investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Alliancebernstein L.P., Balyasny Asset Management LLC, Tudor Investment Corp Et Al, KBC Group NV, Carmignac Gestion, AlpInvest Partners B.V., and Credit Agricole S A. Company insiders that have sold Elastic company stock in the last year include Aaron Katz, Benchmark Capital Management C, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Shay Banon, and WH Baird Garrett. View insider buying and selling activity for Elastic.

Which institutional investors are buying Elastic stock?

ESTC stock was purchased by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Deutsche Bank AG, JPMorgan Chase & Co., Clearbridge Investments LLC, Valinor Management L.P., BlackRock Inc., Capital International Investors, and Myriad Asset Management Ltd.. View insider buying and selling activity for Elastic.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $89.27.

How big of a company is Elastic?

Elastic has a market capitalization of $7.30 billion and generates $271.65 million in revenue each year. The company earns $-102,300,000.00 in net income (profit) each year or ($1.80) on an earnings per share basis. Elastic employs 1,442 workers across the globe.

What is Elastic's official website?

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

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 6/3/2020 by MarketBeat.com Staff