Elastic N.V (NYSE: ESTC) is 2.22% 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 $103.52 in the last trading session, with the day’s loss setting it -2.24%.
Currently trading at $101.28, the stock is -9.05% and -4.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing -2.16% at the moment leaves the stock 1.37% off its SMA200. ESTC registered -22.51% loss for a year compared to 6-month gain of -5.76%.
The stock witnessed a -13.62% loss in the last 1 month and extending the period to 3 months gives it a -6.25%, and is -7.60% 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 5.21% over the week and 4.05% over the month.
Elastic N.V (ESTC) has around 3187 employees, a market worth around $10.50B and $1.38B in sales. Current P/E ratio is 183.51 and Fwd P/E is 52.94. Profit margin for the company is 4.39%. Distance from 52-week low is 46.78% and -25.56% from its 52-week high. The company has generated returns on investments over the last 12 months (4.34%).
with sales reaching $374.26M over the same period.The EPS is expected to grow by 44.60% this year, but quarterly earnings will post 14.81% year-over-year. Quarterly sales are estimated to grow 11.72% in year-over-year returns.
The shares outstanding are 103.63M, and float is at 89.20M with Short Float at 3.32%.
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 9.5679 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 4.4924 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 Kulkarni Ashutosh, the company’s Chief Executive Officer. SEC filings show that Kulkarni Ashutosh sold 7,017 shares of the company’s common stock on Dec 18 ’24 at a price of $108.12 per share for a total of $0.76 million. Following the sale, the insider now owns 0.4 million shares.
Still, SEC filings show that on Dec 09 ’24, Dodds Mark Eugene (Chief Revenue Officer) disposed off 3,691 shares at an average price of $108.72 for $0.4 million. The insider now directly holds 99,239 shares of Elastic N.V (ESTC).
