Elastic (ESTC) Projected to Post Earnings on Thursday

Elastic (NYSE:ESTC - Get Free Report) is expected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Elastic to post earnings of $0.47 per share and revenue of $368.86 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Elastic Price Performance

Shares of ESTC stock traded down $3.31 during trading hours on Friday, reaching $106.30. The stock had a trading volume of 911,986 shares, compared to its average volume of 1,201,102. The stock's fifty day simple moving average is $105.99 and its 200 day simple moving average is $95.51. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The firm has a market capitalization of $11.02 billion, a PE ratio of 193.27 and a beta of 1.07.

Insider Activity

In related news, CTO Shay Banon sold 150,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $110.92, for a total value of $16,638,000.00. Following the completion of the transaction, the chief technology officer now directly owns 2,604,978 shares in the company, valued at $288,944,159.76. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ashutosh Kulkarni sold 7,017 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the transaction, the chief executive officer now owns 395,326 shares of the company's stock, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,162 shares of company stock valued at $18,637,562. Insiders own 15.90% of the company's stock.

Analyst Upgrades and Downgrades

ESTC has been the subject of several analyst reports. Baird R W raised shares of Elastic from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Truist Financial lifted their price target on Elastic from $105.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on Elastic from $99.00 to $113.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Stifel Nicolaus lifted their price target on Elastic from $98.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Elastic in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Elastic has a consensus rating of "Moderate Buy" and an average target price of $125.35.

About Elastic

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.