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 (WHO). Since then, ESTC shares have increased by 66.0% and is now trading at $87.66.
View which stocks have been most impacted by Coronavirus.

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."
View analyst ratings for Elastic.

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
View our earnings forecast for Elastic.

Elastic will be holding an earnings conference call on Wednesday, August 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Elastic NV (NYSE:ESTC) posted its quarterly earnings data on Wednesday, June, 3rd. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.31) by $0.19. The company had revenue of $123.60 million for the quarter, compared to analyst estimates 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 for the quarter was up 52.6% compared to the same quarter last year. During the same period last year, the business earned ($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 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 equities research analysts have issued 12 month target prices for Elastic's shares. Their forecasts range from $60.00 to $137.00. On average, they anticipate Elastic's stock price to reach $96.86 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Elastic.

Press coverage about ESTC stock has trended negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Elastic earned a coverage optimism score of -2.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about Elastic.

Elastic saw a increase in short interest in 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 company's stock are short sold.
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).
View all competitors.

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 initial public offering (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 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%), Thrivent Financial for Lutherans (0.39%), Glynn Capital Management LLC (0.39%) and Healthcare of Ontario Pension Plan Trust Fund (0.34%). 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 acquired 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., Thrivent Financial for Lutherans, Swiss National Bank, and Raymond James & Associates.
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 $87.66.

Elastic has a market capitalization of $7.48 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]