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Elastic N.V. (ESTC) – key numbers that make it a Strong Buy For Now

Elastic N.V. (NYSE: ESTC) is 11.28% higher on its value in year-to-date trading and has touched a low of $46.18 and a high of $98.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ESTC stock was last observed hovering at around $55.12 in the last trading session, with the day’s gains setting it 2.19% off its average median price target of $72.00 for the next 12 months. It is also 42.69% off the consensus price target high of $100.00 offered by 22 analysts, but current levels are -14.62% lower than the price target low of $50.00 for the same period.

Currently trading at $57.31, the stock is 12.26% and 3.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing 3.97% at the moment leaves the stock -17.27% off its SMA200. ESTC registered -33.40% loss for a year compared to 6-month loss of -24.97%.

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The stock witnessed a 7.85% gain in the last 1 month and extending the period to 3 months gives it a -9.25%, and is 11.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.07% over the week and 4.81% over the month.

Elastic N.V. (ESTC) has around 3233 employees, a market worth around $5.05B and $977.80M in sales. Fwd P/E is 65.13. Profit margin for the company is -24.50%. Distance from 52-week low is 24.10% and -41.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.30%).

Elastic N.V. (ESTC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Elastic N.V. (ESTC) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 2.00, where 6 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Elastic N.V. is expected to release its quarterly report on 03/03/2023.The EPS is expected to shrink by -48.40% this year.

Elastic N.V. (ESTC) Top Institutional Holders

The shares outstanding are 95.31M, and float is at 78.04M with Short Float at 6.20%.

Elastic N.V. (ESTC) Insider Activity

A total of 28 insider transactions have happened at Elastic N.V. (ESTC) in the last six months, with sales accounting for 13 and purchases happening 15 times. The most recent transaction is an insider sale by Herzog Carolyn,the company’sChief Legal Officer. SEC filings show that Herzog Carolyn sold 1,324 shares of the company’s common stock on Dec 09 at a price of $53.60 per share for a total of $70969.0. Following the sale, the insider now owns 90148.0 shares.

Elastic N.V. disclosed in a document filed with the SEC on Dec 09 that Exner Ken (Chief Product Officer) sold a total of 1,405 shares of the company’s common stock. The trade occurred on Dec 09 and was made at $53.60 per share for $75310.0. Following the transaction, the insider now directly holds 0.13 million shares of the ESTC stock.

Still, SEC filings show that on Dec 09, Banon Shay (Chief Technology Officer) disposed off 2,026 shares at an average price of $53.60 for $0.11 million. The insider now directly holds 8,245,848 shares of Elastic N.V. (ESTC).

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