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. Since then, ESTC shares have increased by 69.1% and is now trading at $89.27. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Elastic.

Elastic NV (NYSE:ESTC) posted its quarterly earnings results on Wednesday, June, 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.31) by $0.19. The firm earned $123.60 million during the quarter, compared to analysts' expectations of $117.15 million. Elastic had a negative net margin of 44.42% and a negative return on equity of 41.56%. The firm's quarterly revenue was up 52.6% compared to the same quarter last year. During the same quarter 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 EPS 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.

13 brokers have issued 12 month target prices for Elastic's stock. Their forecasts range from $60.00 to $137.00. On average, they expect Elastic's share price to reach $88.62 in the next twelve months. This suggests that the stock has a possible downside of 0.7%. View analysts' price targets for Elastic.

Media headlines about ESTC stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Elastic earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutElastic.

Some companies that are related to Elastic include Twilio (TWLO), Synopsys (SNPS), Docusign (DOCU), Cadence Design Systems (CDNS), ANSYS (ANSS), Okta (OKTA), Atlassian (TEAM), Datadog (DDOG), Crowdstrike (CRWD), Citrix Systems (CTXS), Paycom Software (PAYC), Check Point Software Technologies (CHKP), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO) and Tyler Technologies (TYL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Square (SQ), Roku (ROKU), Twilio (TWLO), Okta (OKTA), Netflix (NFLX), Alibaba Group (BABA), Trade Desk (TTD), Alteryx (AYX) and Splunk (SPLK).

(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 acted 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 variety of institutional and retail investors. Top institutional shareholders include Sylebra Capital Ltd (7.08%), BlackRock Inc. (3.80%), JPMorgan Chase & Co. (2.67%), Capital International Investors (2.61%), Carmignac Gestion (2.36%) and Valinor Management L.P. (1.37%). 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 Capital Research Global Investors, Alliancebernstein L.P., Balyasny Asset Management LLC, Tudor Investment Corp Et Al, KBC Group NV, Carmignac Gestion, AlpInvest Partners B.V., and Credit Agricole S A. Company insiders that have sold Elastic company stock in the last year include Aaron Katz, Benchmark Capital Management C, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Shay Banon, 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 Sylebra Capital Ltd, Deutsche Bank AG, JPMorgan Chase & Co., Clearbridge Investments LLC, Valinor Management L.P., BlackRock Inc., Capital International Investors, and Myriad Asset Management Ltd.. 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 $89.27.

Elastic has a market capitalization of $7.30 billion and generates $271.65 million in revenue each year. The company earns $-102,300,000.00 in net income (profit) each year or ($1.80) on an earnings per share basis. Elastic employs 1,442 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]