Elastic (ESTC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $75.45 to $76.89
• 50-Day Range: $70.14 to $122.24
• 52-Week Range: $69.00 to $136.06
• Volume: 1.24 million shs
• Average Volume: 1.34 million shs
• Market Capitalization: $7.77 billion
• P/E Ratio: 144.13
• Dividend Yield: N/A
• Price Target: $104.24
• Consensus Rating: Moderate Buy

Elastic Stock Analysis - MarketRank™

Elastic scored higher than 89% of companies evaluated by MarketBeat, and ranked 38th out of 343 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Elastic has received a consensus rating of Moderate Buy. The company's average rating score is 2.61, and is based on 14 buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Elastic has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Elastic are expected to grow in the coming year, from ($0.94) to ($0.76) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Elastic is 144.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 137.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Elastic is 144.13, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 25.75.

Price to Book Value per Share Ratio

Elastic has a P/B Ratio of 10.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.74% of the float of Elastic has been sold short.

Short Interest Ratio / Days to Cover

Elastic has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Elastic has recently decreased by 8.31%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Elastic does not currently pay a dividend.

Dividend Growth

Elastic does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.74% of the float of Elastic has been sold short.

Short Interest Ratio / Days to Cover

Elastic has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Elastic has recently decreased by 8.31%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.30

News Sentiment

Elastic has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Elastic this week, compared to 8 articles on an average week.

Search Interest

15 people have searched for ESTC on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

10 people have added Elastic to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Elastic insiders have sold 2,340.06% more of their company's stock than they have bought. Specifically, they have bought $1,485,000.00 in company stock and sold $36,234,852.00 in company stock.

Percentage Held by Insiders

18.10% of the stock of Elastic is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

97.03% of the stock of Elastic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ESTC Stock Analysis - Frequently Asked Questions

How have ESTC shares performed this year?

Elastic's stock was trading at $112.70 on January 1st, 2024. Since then, ESTC stock has decreased by 32.2% and is now trading at $76.39.
View the best growth stocks for 2024 here.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) posted its quarterly earnings data on Thursday, August, 29th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The firm's revenue was up 18.3% compared to the same quarter last year.

Does Elastic have any subsidiaries?

Elastic subsidiaries include these companies: Optimyze, CMD, Build.security, Endgame, Perched, Lambda Lab, Swiftype, and more.

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 $26.00-$29.00 per share. Goldman Sachs, J.P. Morgan, Barclays and RBC Capital Markets served as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Jefferies and Canaccord Genuity were co-managers.

Who are Elastic's major shareholders?

Top institutional investors of Elastic include Baillie Gifford & Co. (9.62%), Sylebra Capital LLC (3.24%), 1832 Asset Management L.P. (2.14%) and Assenagon Asset Management S.A. (0.88%). Insiders that own company stock include Steven Schuurman, Shay Banon, Ashutosh Kulkarni, Janesh Moorjani, Ken Exner, Carolyn Herzog, Mark Eugene Dodds, Paul R Auvil III, Jonathan Chadwick, Shelley B Leibowitz, Peter H Fenton, Paul Andrew Appleby 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.

What other stocks do shareholders of Elastic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Elastic investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), Roku (ROKU), Okta (OKTA), DocuSign (DOCU) and Trade Desk (TTD).

Company Calendar

• Last Earnings: 8/29/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 4/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:ESTC
• CUSIP: N/A
• CIK: 1707753
• Web: www.elastic.co
• Phone: (650) 458-2620
• Fax: N/A
• Employees: 3,187
• Year Founded: 2012

Price Target and Rating

• Average Stock Price Target: $104.24
• High Stock Price Target: $160.00
• Low Stock Price Target: $67.00
• Potential Upside/Downside: +36.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.61
• Research Coverage: 23 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.53
• Trailing P/E Ratio: 143.66
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $61.72 million
• Net Margins: 4.62%
• Pretax Margin: -8.83%
• Return on Equity: -17.54%
• Return on Assets: -5.69%

Debt

• Debt-to-Equity Ratio: 0.75
• Current Ratio: 1.91
• Quick Ratio: 1.91

Sales & Book Value

• Annual Sales: $1.32 billion
• Price / Sales: 5.86
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.39 per share
• Price / Book: 10.30

Miscellaneous

• Outstanding Shares: 101,715,000
• Free Float: 83,305,000
• Market Cap: $7.74 billion
• Optionable: Optionable
• Beta: 0.95