Elastic N.V (NYSE: ESTC) is -32.13% lower on its value in year-to-date trading and has touched a low of $69.00 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 $75.01 in the last trading session, with the day’s gains setting it 1.48%.
Currently trading at $76.49, the stock is 1.89% and -17.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 1.97% at the moment leaves the stock -28.10% off its SMA200. ESTC registered -5.51% loss for a year compared to 6-month loss of -21.64%. The firm has a 50-day simple moving average (SMA 50) of $92.1968 and a 200-day simple moving average (SMA200) of $106.19705.
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The stock witnessed a 4.42% gain in the last 1 month and extending the period to 3 months gives it a -33.99%, and is -2.34% 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 2.99% over the week and 3.12% over the month.
Elastic N.V (ESTC) has around 3187 employees, a market worth around $7.86B and $1.32B in sales. Current P/E ratio is 139.53 and Fwd P/E is 41.16. Profit margin for the company is 4.62%. Distance from 52-week low is 10.86% and -43.78% from its 52-week high. The company has generated returns on investments over the last 12 months (4.56%).
The EPS is expected to grow by 29.18% this year
551.0 institutions hold shares in Elastic N.V (ESTC), with institutional investors hold 109.32% of the company’s shares. The shares outstanding are 101.71M, and float is at 85.44M with Short Float at 4.64%. Institutions hold 92.28% of the Float.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 9.79 million shares valued at $1.11 billion. The investor’s holdings represent 9.8212 of the ESTC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.93 million shares valued at $1.02 billion to account for 8.9663 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.11 million shares representing 5.1301 and valued at over $582.3 million, while JPMORGAN CHASE & CO holds 4.6113 of the shares totaling 4.59 million with a market value of $523.42 million.
Elastic N.V (ESTC) Insider Activity
The most recent transaction is an insider sale by Moorjani Janesh, the company’s CFO & COO. SEC filings show that Moorjani Janesh sold 6,941 shares of the company’s common stock on Sep 09 ’24 at a price of $70.25 per share for a total of $0.49 million. Following the sale, the insider now owns 0.2 million shares.
Elastic N.V disclosed in a document filed with the SEC on Sep 09 ’24 that Banon Shay (Chief Technology Officer) sold a total of 2,666 shares of the company’s common stock. The trade occurred on Sep 09 ’24 and was made at $70.25 per share for $0.19 million. Following the transaction, the insider now directly holds 4.54 million shares of the ESTC stock.
Still, SEC filings show that on Sep 09 ’24, Kulkarni Ashutosh (Chief Executive Officer) disposed off 19,649 shares at an average price of $70.25 for $1.38 million. The insider now directly holds 432,648 shares of Elastic N.V (ESTC).
