NYSE:ESTCElastic Stock Price, Forecast & News

Elastic's stock was trading at $52.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ESTC shares have increased by 58.8% and is now trading at $83.85.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 4 hold ratings and 10 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, August 26th 2020.
View our earnings forecast for Elastic.

Elastic NV (NYSE:ESTC) released its earnings results on Wednesday, June, 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.19. The company had revenue of $123.60 million for the quarter, compared to the consensus estimate of $117.15 million. Elastic had a negative return on equity of 34.65% and a negative net margin of 39.09%. The company's revenue was up 52.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.28) earnings per share.
View Elastic's earnings history.

Elastic updated 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 earnings per share estimate of ($1.32). The company issued revenue guidance of $530-$540 million, compared to the consensus revenue estimate of $561.27 million.

14 brokerages have issued 1-year target prices for Elastic's stock. Their forecasts range from $60.00 to $137.00. On average, they anticipate Elastic's share price to reach $96.86 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
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Media stories about ESTC stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Elastic earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Elastic.

Elastic saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,320,000 shares, an increase of 14.0% from the July 15th total of 6,420,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 12.3% of the shares of the company are sold short.
View Elastic's Short Interest.

Some companies that are related to Elastic include ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Crowdstrike (CRWD), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Paycom Software (PAYC), Citrix Systems (CTXS), SS&C Technologies (SSNC), Symantec (SYMC), Nice (NICE), Tyler Technologies (TYL) and NortonLifeLock (NLOK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Square (SQ), Okta (OKTA), Roku (ROKU), Twilio (TWLO), Fastly (FSLY), Trade Desk (TTD), Alteryx (AYX), Crowdstrike (CRWD) and Paypal (PYPL).

(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 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 a number of institutional and retail investors. Top institutional investors include TimesSquare Capital Management LLC (0.98%), Ardevora Asset Management LLP (0.63%), First Trust Advisors LP (0.55%), Glynn Capital Management LLC (0.39%), Healthcare of Ontario Pension Plan Trust Fund (0.34%) and Macquarie Group Ltd. (0.22%). 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 Glynn Capital Management LLC, TimesSquare Capital Management LLC, Hamilton Lane Advisors LLC, Scotia Capital Inc., Aspiriant LLC, Steward Partners Investment Advisory LLC, and Malaga Cove Capital LLC. 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 purchased by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Healthcare of Ontario Pension Plan Trust Fund, First Trust Advisors LP, Macquarie Group Ltd., Russell Investments Group Ltd., Swiss National Bank, Raymond James & Associates, and Osborne Partners Capital Management LLC.
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 $83.85.

Elastic has a market capitalization of $7.15 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]