Elastic N.V (NYSE: ESTC) is 18.73% higher on its value in year-to-date trading and has touched a low of $50.21 and a high of $133.59 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 $129.71 in the last trading session, with the day’s gains setting it 4.1%.
Currently trading at $133.81, the stock is 6.10% and 12.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.3 million and changing 3.16% at the moment leaves the stock 57.67% off its SMA200. ESTC registered 126.72% gain for a year compared to 6-month gain of 124.17%. The firm has a 50-day simple moving average (SMA 50) of $11.18 and a 200-day simple moving average (SMA200) of -$107.95.
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The stock witnessed a 10.09% loss in the last 1 month and extending the period to 3 months gives it a 71.77%, and is 4.90% 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 3.34% over the week and 3.84% over the month.
Elastic N.V (ESTC) has around 2886 employees, a market worth around $13.33B and $1.16B in sales. Fwd P/E is 88.84. Profit margin for the company is -16.62%. Distance from 52-week low is 166.50% and 0.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.60%).
Elastic N.V quarterly earnings per share for the current quarter are estimated at $0.31 with sales reaching $323.14M over the same period.The EPS is expected to grow by 351.82% this year, but quarterly earnings will post 17.10% year-over-year.
495 institutions hold shares in Elastic N.V (ESTC), with institutional investors hold 103.08% of the company’s shares. The shares outstanding are 97.37M, and float is at 80.98M with Short Float at 4.01%. Institutions hold 85.15% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 8.64 million shares valued at $554.11 million. The investor’s holdings represent 8.78% of the ESTC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.19 million shares valued at $525.32 million to account for 8.32% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 7.58 million shares representing 7.70% and valued at over $486.18 million, while Blackrock Inc. holds 5.09% of the shares totaling 5.01 million with a market value of $321.37 million.
Elastic N.V (ESTC) Insider Activity
A total of 21 insider transactions have happened at Elastic N.V (ESTC) in the last six months, with sales accounting for 12 and purchases happening 9 times. The most recent transaction is an insider sale by Gleeson Alison, the company’s Director. SEC filings show that Gleeson Alison sold 3,404 shares of the company’s common stock on Dec 15 at a price of $111.94 per share for a total of $0.38 million. Following the sale, the insider now owns 6577.0 shares.
Elastic N.V disclosed in a document filed with the SEC on Dec 12 that Herzog Carolyn (Chief Legal Officer) sold a total of 20,234 shares of the company’s common stock. The trade occurred on Dec 12 and was made at $115.49 per share for $2.34 million. Following the transaction, the insider now directly holds 90390.0 shares of the ESTC stock.
Still, SEC filings show that on Dec 12, Leibowitz Shelley B (Director) disposed off 1,000 shares at an average price of $115.53 for $0.12 million. The insider now directly holds 5,577 shares of Elastic N.V (ESTC).
