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Elastic - ESTC Stock Forecast, Price & News

$61.30
-3.80 (-5.84%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$60.72
$63.54
50-Day Range
$47.94
$65.10
52-Week Range
$46.18
$98.75
Volume
1.91 million shs
Average Volume
1.50 million shs
Market Capitalization
$5.86 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$82.50

Elastic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
34.6% Upside
$82.50 Price Target
Short Interest
Healthy
6.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of Elastic in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$586,598 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.91) to ($1.25) Per Share

Overall MarketRank

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

2.62 out of 5 stars

Business Services Sector

33rd out of 325 stocks

Prepackaged Software Industry

18th out of 215 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

Elastic: Undervalued But Cloudy Long Term Outlook
Brokerages Set Elastic (NYSE:ESTC) Target Price at $79.73
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Investors Buy High Volume of Elastic Call Options (NYSE:ESTC)
Elastic Path Launches Composable Frontend
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
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
Will Elastic N.V. (ESTC) be Able to Sustain Recession?
See More Headlines
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ESTC Company Calendar

Last Earnings
11/30/2022
Today
2/03/2023
Next Earnings (Estimated)
3/02/2023
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$82.50
High Stock Price Forecast
$124.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$-203,850,000.00
Pretax Margin
-23.39%

Debt

Sales & Book Value

Annual Sales
$862.37 million
Book Value
$4.44 per share

Miscellaneous

Free Float
77,631,000
Market Cap
$5.86 billion
Optionable
Not Optionable
Beta
1.10

Key Executives

  • Ashutosh KulkarniAshutosh Kulkarni
    Chief Executive Officer & Director
  • Janesh Jamnadas 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?

16 Wall Street equities 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 11 buy ratings for the stock. The consensus among Wall Street equities 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?

16 brokers have issued twelve-month target prices for Elastic's stock. Their ESTC share price forecasts range from $62.00 to $124.00. On average, they predict the company's share price to reach $82.50 in the next year. This suggests a possible upside of 34.6% 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 the year. Since then, ESTC shares have increased by 19.0% and is now trading at $61.30.
View the best growth stocks for 2023 here
.

Are investors shorting Elastic?

Elastic saw a increase in short interest in December. As of December 30th, there was short interest totaling 4,840,000 shares, an increase of 68.6% from the December 15th total of 2,870,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 6.4% of the company's stock are sold short.
View Elastic's Short Interest
.

When is Elastic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our ESTC earnings forecast
.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) posted its quarterly earnings results on Wednesday, November, 30th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.10. The business had revenue of $264.40 million for the quarter, compared to the consensus estimate of $261.25 million. Elastic had a negative net margin of 24.46% and a negative trailing twelve-month return on equity of 53.77%.

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

Elastic updated its third quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of $0.04-$0.07 for the period, compared to the consensus earnings per share estimate of -$0.04. The company issued revenue guidance of $272.00 million-$274.00 million, compared to the consensus revenue estimate of $277.43 million.

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 served 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 variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (6.18%), Loup Funds LLC (0.17%), Osborne Partners Capital Management LLC (0.13%), New York State Common Retirement Fund (0.10%), Source Financial Advisors LLC (0.08%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Ashutosh Kulkarni, Carolyn Herzog, Janesh Moorjani, Jonathan Chadwick, 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 $61.30.

How much money does Elastic make?

Elastic (NYSE:ESTC) has a market capitalization of $5.86 billion and generates $862.37 million in revenue each year. The company earns $-203,850,000.00 in net income (profit) each year or ($2.55) on an earnings per share basis.

How many employees does Elastic have?

The company employs 2,978 workers across the globe.

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 2/3/2023 by MarketBeat.com Staff