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Elastic (ESTC) Stock Price, News & Analysis

Elastic logo
$85.35 -0.63 (-0.73%)
(As of 10:33 AM ET)

About Elastic Stock (NYSE:ESTC)

Key Stats

Today's Range
$84.79
$86.48
50-Day Range
$70.14
$85.99
52-Week Range
$69.00
$136.06
Volume
81,741 shs
Average Volume
1.27 million shs
Market Capitalization
$8.77 billion
P/E Ratio
155.18
Dividend Yield
N/A
Price Target
$103.71
Consensus Rating
Moderate Buy

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.

Elastic Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
79th Percentile Overall Score

ESTC MarketRank™: 

Elastic scored higher than 79% of companies evaluated by MarketBeat, and ranked 205th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Elastic has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 16 buy ratings, 8 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Elastic has been the subject of 22 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Elastic's stock forecast and price target.
  • Earnings Growth

    Earnings for Elastic are expected to grow in the coming year, from ($0.92) to ($0.81) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Elastic is 156.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.40.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Elastic is 156.35, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 254.95.

  • Price to Book Value per Share Ratio

    Elastic has a P/B Ratio of 11.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Elastic's valuation and earnings.
  • Percentage of Shares Shorted

    3.97% 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 2.6, 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 9.84%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Elastic does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    3.97% 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 2.6, 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 9.84%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Elastic has a news sentiment score of 0.11. 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 0.44 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Elastic this week, compared to 8 articles on an average week.
  • Search Interest

    Only 4 people have searched for ESTC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added Elastic to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Elastic insiders have sold 76.95% more of their company's stock than they have bought. Specifically, they have bought $1,485,000.00 in company stock and sold $2,627,772.00 in company stock.

  • Percentage Held by Insiders

    15.90% 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.

  • Read more about Elastic's insider trading history.
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ESTC Stock News Headlines

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See More Headlines

ESTC Stock Analysis - Frequently Asked Questions

Elastic's stock was trading at $112.70 at the start of the year. Since then, ESTC stock has decreased by 23.7% and is now trading at $85.99.
View the best growth stocks for 2024 here
.

Elastic (NYSE:ESTC) released its quarterly earnings results on Thursday, August, 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. The company's quarterly revenue was up 18.3% compared to the same quarter last year.

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

Elastic (ESTC) raised $192 million in an initial public offering (IPO) 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.

Elastic's top institutional shareholders include Baillie Gifford & Co. (9.16%), TimesSquare Capital Management LLC (0.48%), Assenagon Asset Management S.A. (0.37%) and Migdal Insurance & Financial Holdings Ltd. (0.36%). 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 and WH Baird Garrett.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Elastic investors own include NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Broadcom (AVGO), Advanced Micro Devices (AMD), Invesco QQQ (QQQ) and Adobe (ADBE).

Company Calendar

Last Earnings
8/29/2024
Today
11/08/2024
Next Earnings (Estimated)
12/05/2024
Fiscal Year End
4/30/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Fax
N/A
Employees
3,187
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$103.71
High Stock Price Target
$160.00
Low Stock Price Target
$67.00
Potential Upside/Downside
+20.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
24 Analysts

Profitability

Net Income
$61.72 million
Pretax Margin
-8.83%

Debt

Sales & Book Value

Annual Sales
$1.27 billion
Book Value
$7.32 per share

Miscellaneous

Free Float
86,414,000
Market Cap
$8.84 billion
Optionable
Optionable
Beta
0.94

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This page (NYSE:ESTC) was last updated on 11/8/2024 by MarketBeat.com Staff
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