S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:ESTC

Elastic (ESTC) Stock Forecast, Price & News

$60.00
+0.13 (+0.22%)
(As of 05/20/2022 12:00 AM ET)
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Today's Range
$57.28
$62.14
50-Day Range
$53.01
$96.03
52-Week Range
$50.74
$189.84
Volume
1.20 million shs
Average Volume
1.51 million shs
Market Capitalization
$5.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.28
30 days | 90 days | 365 days | Advanced Chart
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Elastic logo

About Elastic

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily 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 company's 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; Elastic Agent that includes integrated host protection and central management services; 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, workplace 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. Elastic N.V. has a strategic partnership with Confluent, Inc. to enhance existing product integrations and jointly develop new capabilities that helps users to combine the benefits of the Elastic Stack and Kafka. The company was incorporated in 2012 and is headquartered in Mountain View, California.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,179
Year Founded
N/A

Sales & Book Value

Annual Sales
$608.49 million
Book Value
$5.02 per share

Profitability

Net Income
$-129.43 million
Pretax Margin
-20.81%

Debt

Price-To-Earnings

Miscellaneous

Free Float
75,803,000
Market Cap
$5.61 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
3/03/2022
Today
5/20/2022
Next Earnings (Confirmed)
6/01/2022
Fiscal Year End
4/30/2023

MarketRank

Overall MarketRank

2.63 out of 5 stars

Business Services Sector

55th out of 462 stocks

Prepackaged Software Industry

34th out of 297 stocks

Analyst Opinion: 4.4Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -













Elastic (NYSE:ESTC) Frequently Asked Questions

Is Elastic a buy right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Elastic stock.
View analyst ratings for Elastic
or view top-rated stocks.

When is Elastic's next earnings date?

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, June 1st 2022.
View our earnings forecast for Elastic
.

How can I listen to Elastic's earnings call?

Elastic will be holding an earnings conference call on Wednesday, June 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) issued its earnings results on Thursday, March, 3rd. The company reported ($0.53) earnings per share for the quarter, hitting the consensus estimate of ($0.53). The firm had revenue of $223.94 million for the quarter, compared to analysts' expectations of $209.71 million. Elastic had a negative net margin of 22.67% and a negative trailing twelve-month return on equity of 34.20%. The firm's quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) earnings per share.
View Elastic's earnings history
.

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

Elastic issued an update on its FY 2022 earnings guidance on Thursday, March, 31st. The company provided EPS guidance of $-0.420-$-0.380 for the period, compared to the consensus estimate of $-0.530. The company issued revenue guidance of $853 million-$855 million, compared to the consensus revenue estimate of $832.91 million.

What price target have analysts set for ESTC?

15 brokers have issued 1-year price targets for Elastic's shares. Their forecasts range from $80.00 to $185.00. On average, they anticipate Elastic's stock price to reach $144.86 in the next year. This suggests a possible upside of 141.4% from the stock's current price.
View analysts' price targets for Elastic
or view top-rated stocks among Wall Street analysts.

Who are Elastic's key executives?
Elastic's management team includes the following people:
  • Mr. Ashutosh Kulkarni, CEO & Director (Age 46, Pay $493.71k)
  • Mr. Steven Schuurman CBDO, Co-Founder & Non-Exec. Director (Age 46, Pay $30k) (LinkedIn Profile)
  • Mr. Shay Banon, Co-Founder, CTO & Exec. Director (Age 44, Pay $745.41k) (LinkedIn Profile)
  • Mr. Janesh Moorjani, Chief Financial Officer (Age 49, Pay $657.92k)
  • Mr. Uri Boness, Founder
  • Mr. Simon Willnauer, Founder
  • Mr. Robin Sharpe, VP of Operations
  • Ms. Janice Oh, Investor Relations Exec.
  • Mr. Justin Hoffman, Sr. VP of Sales
  • Mr. Craig Griffin, VP of Bus. Devel.
What is Shay Banon's approval rating as Elastic's CEO?

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.

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), Square (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 $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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.53%), BlackRock Inc. (6.01%), Sylebra Capital Ltd (4.37%), Clearbridge Investments LLC (1.67%), Tiger Global Management LLC (1.53%) and Capital International Investors (1.52%). Company insiders that own Elastic stock include Ashutosh Kulkarni, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Steven Schuurman and WH Baird Garrett.
View institutional ownership trends for Elastic
.

Which institutional investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including Tiger Global Management LLC, Capital International Investors, HAP Trading LLC, Goldman Sachs Group Inc., Eagle Asset Management Inc., DekaBank Deutsche Girozentrale, Group One Trading L.P., and Nicholas Investment Partners LP. Company insiders that have sold Elastic company stock in the last year include Ashutosh Kulkarni, Janesh Moorjani, Jonathan Chadwick, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Steven Schuurman, and WH Baird Garrett.
View insider buying and selling activity for Elastic
or view top insider-selling stocks.

Which institutional investors are buying Elastic stock?

ESTC stock was purchased by a variety of institutional investors in the last quarter, including XN LP, Lord Abbett & CO. LLC, Lead Edge Capital Management LLC, Bank of Nova Scotia, Sylebra Capital Ltd, Frontier Capital Management Co. LLC, BlackRock Inc., and UBS Group AG.
View insider buying and selling activity for Elastic
or or view top insider-buying stocks.

How do I buy shares of Elastic?

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.
Compare Top Brokerages Here.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $60.00.

How much money does Elastic make?

Elastic has a market capitalization of $5.61 billion and generates $608.49 million in revenue each year. The company earns $-129.43 million in net income (profit) each year or ($1.980010) on an earnings per share basis.

How many employees does Elastic have?

Elastic employs 2,179 workers across the globe.

What is Elastic's official website?

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

How can I contact Elastic?

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].

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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