Elastic N.V (NYSE: ESTC) is -9.85% lower on its value in year-to-date trading and has touched a low of $52.30 and a high of $136.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ESTC stock was last observed hovering at around $101.08 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $101.60, the stock is -12.95% and -13.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.51% at the moment leaves the stock 16.11% off its SMA200. ESTC registered 80.46% gain for a year compared to 6-month gain of 29.77%. The firm has a 50-day simple moving average (SMA 50) of $8.10 and a 200-day simple moving average (SMA200) of -$131.07.
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The stock witnessed a -23.33% loss in the last 1 month and extending the period to 3 months gives it a -10.74%, and is -2.18% down 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 3.08% over the week and 4.04% over the month.
Elastic N.V (ESTC) has around 2886 employees, a market worth around $10.24B and $1.21B in sales. Current P/E ratio is 221.88 and Fwd P/E is 74.50. Profit margin for the company is 4.63%. Distance from 52-week low is 94.26% and -25.33% from its 52-week high. The company has generated returns on investments over the last 12 months (4.34%).
Elastic N.V quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $329.2M over the same period.The EPS is expected to grow by 369.10% this year, but quarterly earnings will post 18.00% year-over-year. Quarterly sales are estimated to grow 17.60% in year-over-year returns.
Elastic N.V (ESTC) Top Institutional Holders
509 institutions hold shares in Elastic N.V (ESTC), with institutional investors hold 102.02% of the company’s shares. The shares outstanding are 97.37M, and float is at 81.89M with Short Float at 3.71%. Institutions hold 84.42% 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
The most recent transaction is an insider sale by Banon Shay,the company’sChief Technology Officer. SEC filings show that Banon Shay sold 1,322 shares of the company’s common stock on Mar 12 ’24 at a price of $106.23 per share for a total of $0.14 million. Following the sale, the insider now owns 4.52 million shares.
Elastic N.V disclosed in a document filed with the SEC on Mar 11 ’24 that Kulkarni Ashutosh (Chief Executive Officer) sold a total of 15,778 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $103.28 per share for $1.63 million. Following the transaction, the insider now directly holds 0.36 million shares of the ESTC stock.
Still, SEC filings show that on Mar 11 ’24, Moorjani Janesh (CFO & COO) disposed off 5,515 shares at an average price of $103.28 for $0.57 million. The insider now directly holds 156,797 shares of Elastic N.V (ESTC).
