Elastic N.V (NYSE: ESTC) is 0.35% higher 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 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 $109.46 in the last trading session, with the day’s gains setting it 3.63%.
Currently trading at $113.09, the stock is 19.89% and 32.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 3.32% at the moment leaves the stock 13.23% off its SMA200. ESTC registered 40.73% gain for a year compared to 6-month loss of 10.02%. The firm has a 50-day simple moving average (SMA 50) of $84.5838 and a 200-day simple moving average (SMA200) of $99.97395.
The stock witnessed a 40.96% gain in the last 1 month and extending the period to 3 months gives it a 54.39%, and is 4.68% 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 3.82% over the week and 3.55% over the month.
Elastic N.V (ESTC) has around 3187 employees, a market worth around $11.65B and $1.38B in sales. Current P/E ratio is 204.91 and Fwd P/E is 59.01. Profit margin for the company is 4.39%. Distance from 52-week low is 63.90% and -16.88% from its 52-week high. The company has generated returns on investments over the last 12 months (4.34%).
with sales reaching $368.88M over the same period.The EPS is expected to grow by 44.66% this year, but quarterly earnings will post 14.87% year-over-year. Quarterly sales are estimated to grow 12.48% in year-over-year returns.
Elastic N.V (ESTC) Top Institutional Holders
534.0 institutions hold shares in Elastic N.V (ESTC), with institutional investors hold 108.75% of the company’s shares. The shares outstanding are 103.63M, and float is at 85.69M with Short Float at 3.46%. Institutions hold 91.79% 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
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Elastic N.V disclosed in a document filed with the SEC on Nov 27 ’24 that Banon Shay (Chief Technology Officer) sold a total of 150,000 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $109.58 per share for $16.44 million. Following the transaction, the insider now directly holds 2.45 million shares of the ESTC stock.
Still, SEC filings show that on Nov 27 ’24, STICHTING RNYB (Officer) Proposed Sale 150,000 shares at an average price of $109.58 for $16.44 million. The insider now directly holds shares of Elastic N.V (ESTC).
