Elastic (ESTC) Scheduled to Post Earnings on Thursday

Elastic (NYSE:ESTC - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, November 21st. Analysts expect Elastic to post earnings of $0.38 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The company had revenue of $347.42 million during the quarter, compared to analyst estimates of $344.67 million. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.35) EPS. On average, analysts expect Elastic to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Elastic Stock Performance

Shares of NYSE:ESTC opened at $90.00 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market cap of $9.25 billion, a PE ratio of 163.85 and a beta of 0.94. The firm's 50 day simple moving average is $79.15 and its 200-day simple moving average is $97.65. Elastic has a one year low of $69.00 and a one year high of $136.06.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ESTC shares. Royal Bank of Canada lowered their target price on Elastic from $135.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, August 30th. Barclays upgraded shares of Elastic from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $90.00 to $95.00 in a report on Monday, October 7th. Truist Financial reduced their price target on shares of Elastic from $140.00 to $105.00 and set a "buy" rating for the company in a report on Friday, August 30th. Canaccord Genuity Group dropped their price objective on shares of Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, September 3rd. Finally, DA Davidson reduced their price objective on shares of Elastic from $100.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Elastic has an average rating of "Moderate Buy" and an average price target of $103.71.

Insiders Place Their Bets

In related news, CFO Janesh Moorjani sold 6,941 shares of Elastic stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the sale, the chief financial officer now owns 195,550 shares in the company, valued at approximately $13,737,387.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Paul R. Auvil III purchased 20,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $74.25 per share, for a total transaction of $1,485,000.00. Following the purchase, the director now directly owns 22,627 shares of the company's stock, valued at $1,680,054.75. This represents a 700.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Janesh Moorjani sold 6,941 shares of Elastic stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the transaction, the chief financial officer now owns 195,550 shares in the company, valued at $13,737,387.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,406 shares of company stock valued at $2,627,772 over the last ninety days. Company insiders own 15.90% of the company's stock.

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.