Shares of Elastic (NYSE:ESTC – Get Rating) have been assigned an average rating of "Moderate Buy" from the seventeen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $79.73.

Several equities analysts have recently weighed in on ESTC shares. Wells Fargo & Company started coverage on shares of Elastic in a research report on Tuesday, October 11th. They issued an "underweight" rating and a $73.00 price objective on the stock. Royal Bank of Canada dropped their price objective on shares of Elastic from $100.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, November 28th. Wedbush assumed coverage on shares of Elastic in a research note on Wednesday, December 14th. They issued a "neutral" rating and a $67.00 price objective for the company. Robert W. Baird reiterated an "outperform" rating and issued a $100.00 price objective on shares of Elastic in a research note on Wednesday, October 19th. Finally, Canaccord Genuity Group dropped their price objective on shares of Elastic from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, January 18th.

Insider Buying and Selling at Elastic

In other Elastic news, CTO Shay Banon sold 2,026 shares of the firm's stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $53.60, for a total value of $108,593.60. Following the transaction, the chief technology officer now directly owns 8,245,848 shares of the company's stock, valued at approximately $441,977,452.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Janesh Moorjani sold 3,975 shares of Elastic stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $53.60, for a total transaction of $213,060.00. Following the sale, the chief financial officer now directly owns 182,191 shares of the company's stock, valued at approximately $9,765,437.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Shay Banon sold 2,026 shares of Elastic stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $53.60, for a total transaction of $108,593.60. Following the sale, the chief technology officer now directly owns 8,245,848 shares in the company, valued at $441,977,452.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,944 shares of company stock valued at $586,598 in the last ninety days. 18.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Elastic

Elastic Price Performance

Shares of ESTC opened at $57.28 on Friday. The firm has a market capitalization of $5.48 billion, a PE ratio of -22.46 and a beta of 1.07. The company's 50-day moving average is $53.98 and its 200-day moving average is $67.13. Elastic has a fifty-two week low of $46.18 and a fifty-two week high of $98.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.91 and a quick ratio of 1.91.

Elastic (NYSE:ESTC – Get Rating) last issued its quarterly earnings data on Wednesday, November 30th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.10. The company had revenue of $264.40 million for the quarter, compared to analyst estimates of $261.25 million. Elastic had a negative net margin of 24.46% and a negative return on equity of 53.77%. Equities analysts forecast that Elastic will post -1.91 EPS for the current year.

Elastic Company Profile

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Elastic NV engages in the provision of open-source search and analytics engine services. It offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The firms Elastic Stack product 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, 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.

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