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NYSE:ESTC

Elastic (ESTC) Stock Price, News & Analysis

$114.72
+3.15 (+2.82%)
(As of 06/12/2024 ET)
Today's Range
$112.23
$116.86
50-Day Range
$93.10
$113.16
52-Week Range
$57.38
$136.06
Volume
1.50 million shs
Average Volume
1.36 million shs
Market Capitalization
$11.56 billion
P/E Ratio
216.45
Dividend Yield
N/A
Price Target
$118.05

Elastic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
2.9% Upside
$118.05 Price Target
Short Interest
Bearish
5.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of Elastic in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$96.74 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.12) to ($0.91) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.34 out of 5 stars

Business Services Sector

238th out of 305 stocks

Prepackaged Software Industry

164th out of 197 stocks

ESTC stock logo

About Elastic Stock (NYSE:ESTC)

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. The company's Elastic Stack product portfolio 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; Elastic Agent that offers integrated host protection and central management services; 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 from a multitude of sources simultaneously. It also provides software solutions on the Elastic Stack that address cases, including search applications, workplace search, logs, metrics, application performance monitoring, synthetic monitoring, security information and event management (SIEM), endpoint security, extended detection and response, and cloud security. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.

ESTC Stock Price History

ESTC Stock News Headlines

Elastic (NYSE:ESTC) CRO Sells $250,681.90 in Stock
Ashutosh Kulkarni Sells 18,819 Shares of Elastic (NYSE:ESTC) Stock
Elastic (NYSE:ESTC) CTO Shay Banon Sells 5,260 Shares
Elastic (NYSE:ESTC) CFO Janesh Moorjani Sells 10,011 Shares of Stock
Elastic: Generative AI Opportunity Awaits
Elastic: No AI Tailwinds Yet
1 Growth Stock to Scoop Up for Untapped AI Potential
See More Headlines
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Company Calendar

Last Earnings
6/01/2023
Today
6/13/2024
Next Earnings (Estimated)
8/29/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
2,886
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$118.05
High Stock Price Target
$155.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
22 Analysts

Profitability

Net Income
$61.72 million
Pretax Margin
-9.81%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Book Value
$4.13 per share

Miscellaneous

Free Float
82,555,000
Market Cap
$11.56 billion
Optionable
Optionable
Beta
0.92

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ESTC Stock Analysis - Frequently Asked Questions

Should I buy or sell Elastic stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 7 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ESTC shares.
View ESTC analyst ratings
or view top-rated stocks.

What is Elastic's stock price target for 2024?

22 Wall Street analysts have issued 12-month price objectives for Elastic's shares. Their ESTC share price targets range from $65.00 to $155.00. On average, they anticipate the company's share price to reach $118.05 in the next year. This suggests a possible upside of 2.9% 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 2024?

Elastic's stock was trading at $112.70 at the beginning of the year. Since then, ESTC shares have increased by 1.8% and is now trading at $114.72.
View the best growth stocks for 2024 here
.

Are investors shorting Elastic?

Elastic saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,390,000 shares, an increase of 10.0% from the April 30th total of 3,990,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 5.3% of the company's shares are short sold.
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, August 29th 2024.
View our ESTC earnings forecast
.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) issued its quarterly earnings data on Thursday, June, 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.13. The business had revenue of $279.94 million for the quarter, compared to the consensus estimate of $277.63 million. Elastic had a net margin of 4.87% and a negative trailing twelve-month return on equity of 22.95%. Elastic's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.64) EPS.

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

Elastic issued an update on its first quarter 2025 earnings guidance on Thursday, May, 30th. The company provided earnings per share (EPS) guidance of 0.240-0.260 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of $343.0 million-$345.0 million, compared to the consensus revenue estimate of $345.0 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?

Elastic (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 acted as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Jefferies and Canaccord Genuity were co-managers.

Who are Elastic's major shareholders?

Elastic's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (10.08%), Vanguard Group Inc. (8.55%), Sylebra Capital LLC (3.52%), Whale Rock Capital Management LLC (1.14%), TimesSquare Capital Management LLC (0.51%) and Jackson Square Partners LLC (0.37%). Insiders that own company stock include Ashutosh Kulkarni, Carolyn Herzog, Janesh Moorjani, Jonathan Chadwick, Ken Exner, Mark Eugene Dodds, Paul Andrew Appleby, Peter H Fenton, Shay Banon, Shelley B Leibowitz, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Elastic have any subsidiaries?
The following companies are subsidiares of Elastic: Build Security Inc., Build Security Ltd., Build.security, CMD, Cmd Watch Security (US) Corp., Cyclops Acquisition Corp., Elastic Cloud, Elastic International B.V., Elastic Technologies (India) Private Limited, Elastic Technologies (Israel) Ltd., Elastic Worldwide B.V., Elasticsearch (Beijing) Information Technology Co. Ltd., Elasticsearch (CH) AG, Elasticsearch AB, Elasticsearch AS, Elasticsearch B.C. Ltd., Elasticsearch Federal Inc., Elasticsearch Finance B.V., Elasticsearch GmbH, Elasticsearch Government Inc., Elasticsearch HK Limited, Elasticsearch Inc., Elasticsearch KK, Elasticsearch Korea Limited, Elasticsearch Limited, Elasticsearch Pte. Ltd., Elasticsearch Pty Ltd, Elasticsearch S.L.U., Elasticsearch SARL, Endgame, Endgame Inc., Endgame Systems LLC, Found, Lambda Lab, Opbeat, Opbeat ApS, Opbeat LLC, Optimyze, Optimyze.cloud Inc., Packetbeat, Perched, Prelert, Prelert Inc., Swiftype, Swiftype Inc., elasticsearch B.V., and optimyze.cloud AG.
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This page (NYSE:ESTC) was last updated on 6/13/2024 by MarketBeat.com Staff

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