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NYSE:ESTC

Elastic - ESTC Stock Forecast, Price & News

$56.09
-0.07 (-0.12%)
(As of 03/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$55.73
$57.30
50-Day Range
$53.09
$65.10
52-Week Range
$46.18
$96.12
Volume
486,635 shs
Average Volume
1.19 million shs
Market Capitalization
$5.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$77.38

Elastic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
37.9% Upside
$77.38 Price Target
Short Interest
Healthy
4.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.06 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.89) to ($1.04) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Business Services Sector

43rd out of 328 stocks

Prepackaged Software Industry

17th out of 213 stocks


ESTC stock logo

About Elastic (NYSE:ESTC) Stock

Elastic NV engages in the provision of open-source search and analytics engine services. It offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The firms Elastic Stack product comprises 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. It also provides software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on Februar

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ESTC Stock News Headlines

My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Elastic (ESTC) Q3 2023 Earnings Call Transcript
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Elastic to Present in Upcoming Investor Conference
Elastic Names Mathew Donoghue Chief Marketing Officer
Elastic: Undervalued But Cloudy Long Term Outlook
Elastic Path Launches Composable Frontend
Elastic N.V. (NYSE:ESTC) Q2 2023 Earnings Call Transcript
Elastic Second Quarter 2023 Earnings: Beats Expectations
Elastic (ESTC) Reports Break-Even Earnings for Q2
See More Headlines
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ESTC Company Calendar

Last Earnings
12/01/2021
Today
3/30/2023
Fiscal Year End
4/30/2023
Next Earnings (Estimated)
6/07/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,978
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$77.38
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+37.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$-203,850,000.00
Pretax Margin
-23.92%

Debt

Sales & Book Value

Annual Sales
$862.37 million
Book Value
$3.99 per share

Miscellaneous

Free Float
78,352,000
Market Cap
$5.41 billion
Optionable
Not Optionable
Beta
1.09

Social Links


Key Executives

  • Ashutosh KulkarniAshutosh Kulkarni
    Chief Executive Officer & Director
  • Janesh MoorjaniJanesh Moorjani
    Chief Operating & Financial Officer
  • Shay BanonShay Banon
    Director & Chief Technology Officer
  • Kevin KlugeKevin Kluge
    Senior Vice President-Engineering
  • Kim Huffman
    Vice President-Information Technology













ESTC Stock - Frequently Asked Questions

Should I buy or sell Elastic stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ESTC shares.
View ESTC analyst ratings
or view top-rated stocks.

What is Elastic's stock price forecast for 2023?

17 equities research analysts have issued 12-month target prices for Elastic's shares. Their ESTC share price forecasts range from $55.00 to $100.00. On average, they expect the company's share price to reach $77.38 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price.
View analysts price targets for ESTC
or view top-rated stocks among Wall Street analysts.

How have ESTC shares performed in 2023?

Elastic's stock was trading at $51.50 at the beginning of 2023. Since then, ESTC stock has increased by 8.9% and is now trading at $56.09.
View the best growth stocks for 2023 here
.

Are investors shorting Elastic?

Elastic saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 4,660,000 shares, a decline of 5.3% from the February 13th total of 4,920,000 shares. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is presently 3.5 days. Currently, 6.1% of the shares of the stock are short sold.
View Elastic's Short Interest
.

When is Elastic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our ESTC earnings forecast
.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) issued its earnings results on Wednesday, December, 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. The firm earned $206 million during the quarter, compared to the consensus estimate of $194.57 million. Elastic had a negative trailing twelve-month return on equity of 52.03% and a negative net margin of 24.80%. The company's revenue was up 42.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.22) EPS.

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

Elastic issued an update on its FY23 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of $0.11-$0.14 for the period, compared to the consensus estimate of $0.00. The company issued revenue guidance of $1.065-$1.067, compared to the consensus revenue estimate of $1.07 billion.

What is Shay Banon's approval rating as Elastic's CEO?

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.

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), Block (SQ), Fastly (FSLY), Roku (ROKU), Okta (OKTA), DocuSign (DOCU), Trade Desk (TTD), Twilio (TWLO), CrowdStrike (CRWD) and Alibaba Group (BABA).

When did Elastic IPO?

(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.

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 investors include Baillie Gifford & Co. (6.13%), Sylebra Capital Ltd (4.78%), Morgan Stanley (4.62%), JPMorgan Chase & Co. (2.52%), Deutsche Bank AG (2.39%) and Jackson Square Partners LLC (1.89%). Insiders that own company stock include Ashutosh Kulkarni, Carolyn Herzog, Janesh Moorjani, Jonathan Chadwick, Ken Exner, Kevin Kluge, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Steven Schuurman and WH Baird Garrett.
View institutional ownership trends
.

How do I buy shares of Elastic?

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.
Compare Top Brokerages Here.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $56.09.

How much money does Elastic make?

Elastic (NYSE:ESTC) has a market capitalization of $5.41 billion and generates $862.37 million in revenue each year. The company earns $-203,850,000.00 in net income (profit) each year or ($2.70) on an earnings per share basis.

How many employees does Elastic have?

The company employs 2,978 workers across the globe.

Does Elastic have any subsidiaries?
The following companies are subsidiares of Elastic: Build Security Inc., Build Security Ltd., Build.security, CMD, Cmd Watch Security (US) Corp., Cyclops Acquisition Corp., Elastic Cloud, Elastic International B.V., Elastic Technologies (India) Private Limited, Elastic Technologies (Israel) Ltd., Elastic Worldwide B.V., Elasticsearch (Beijing) Information Technology Co. Ltd., Elasticsearch (CH) AG, Elasticsearch AB, Elasticsearch AS, Elasticsearch B.C. Ltd., Elasticsearch Federal Inc., Elasticsearch Finance B.V., Elasticsearch GmbH, Elasticsearch Government Inc., Elasticsearch HK Limited, Elasticsearch Inc., Elasticsearch KK, Elasticsearch Korea Limited, Elasticsearch Limited, Elasticsearch Pte. Ltd., Elasticsearch Pty Ltd, Elasticsearch S.L.U., Elasticsearch SARL, Endgame, Endgame Inc., Endgame Systems LLC, Found, Lambda Lab, Opbeat, Opbeat ApS, Opbeat LLC, Optimyze, Optimyze.cloud Inc., Packetbeat, Perched, Prelert, Prelert Inc., Swiftype, Swiftype Inc., elasticsearch B.V., and optimyze.cloud AG.
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How can I contact Elastic?

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.

This page (NYSE:ESTC) was last updated on 3/30/2023 by MarketBeat.com Staff