Elastic Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 2 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Elastic stock.
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Wall Street analysts have given Elastic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Elastic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Elastic saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 7,810,000 shares, a drop of 20.3% from the May 13th total of 9,800,000 shares. Based on an average trading volume of 1,060,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 11.7% of the company's shares are short sold.
View Elastic's Short Interest.

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, August 25th 2021.
View our earnings forecast for Elastic.

Elastic (NYSE:ESTC) issued its quarterly earnings data on Tuesday, June, 1st. The company reported ($0.08) EPS for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.08. The company earned $177.60 million during the quarter, compared to analyst estimates of $158.87 million. Elastic had a negative trailing twelve-month return on equity of 23.24% and a negative net margin of 21.27%. Elastic's revenue for the quarter was up 43.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS.
View Elastic's earnings history.

Elastic's stock was trading at $52.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ESTC stock has increased by 175.1% and is now trading at $145.23.
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Elastic issued an update on its FY 2022 earnings guidance on Tuesday, June, 15th. The company provided earnings per share guidance of $-0.600--0.510 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.480. The company issued revenue guidance of $782 million-788 million, compared to the consensus revenue estimate of $743.28 million.

19 analysts have issued 1 year price targets for Elastic's shares. Their forecasts range from $120.00 to $212.00. On average, they anticipate Elastic's stock price to reach $168.75 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price.
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81 employees have rated Elastic CEO Shay Banon on Glassdoor.com. Shay Banon has an approval rating of 93% among Elastic's employees. This puts Shay Banon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Elastic include Palantir Technologies (PLTR), Veeva Systems (VEEV), Roblox (RBLX), Synopsys (SNPS), Electronic Arts (EA), Cadence Design Systems (CDNS), UiPath (PATH), Atlassian (TEAM), Datadog (DDOG), Okta (OKTA), Cloudflare (NET), Unity Software (U), ANSYS (ANSS), HubSpot (HUBS) and Slack Technologies (WORK).
View all of ESTC's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Square (SQ), Fastly (FSLY), Roku (ROKU), Okta (OKTA), DocuSign (DOCU), The Trade Desk (TTD), Twilio (TWLO), CrowdStrike (CRWD) and Alibaba Group (BABA).

(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 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 BlackRock Inc. (5.85%), Sylebra Capital Ltd (5.62%), Capital International Investors (2.71%), JPMorgan Chase & Co. (2.57%), Jackson Square Partners LLC (2.54%) and Morgan Stanley (2.30%). Company insiders that own Elastic stock include Aaron Katz, 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 Goldman Sachs Group Inc., Renaissance Technologies LLC, Mawer Investment Management Ltd., Healthcare of Ontario Pension Plan Trust Fund, Ardevora Asset Management LLP, Pier Capital LLC, HRT Financial LP, and Artemis Investment Management LLP. Company insiders that have sold Elastic company stock in the last year include Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Shay Banon, Steven Schuurman, and WH Baird Garrett.
View insider buying and selling activity for Elastic or view top insider-selling stocks.

ESTC stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Morgan Stanley, Marcho Partners LLP, XN Exponent Advisors LLC, Sylebra Capital Ltd, JPMorgan Chase & Co., Jackson Square Partners LLC, and Nikko Asset Management Americas Inc..
View insider buying and selling activity for Elastic or or view top insider-buying stocks.

Shares of ESTC 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.
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One share of ESTC stock can currently be purchased for approximately $145.23.

Elastic has a market capitalization of $13.04 billion and generates $608.49 million in revenue each year. The company earns $-129,430,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.

Elastic employs 1,936 workers across the globe.

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

Elastic is headquartered at 800 West El Camino Real Suite 350, Mountain View CA, 94040.

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]