Elastic N.V (NYSE: ESTC) is -2.01% lower on its value in year-to-date trading and has touched a low of $69.00 and a high of $123.96 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 $91.18 in the last trading session, with the day’s gains setting it 5.91%.
Currently trading at $97.09, the stock is -9.36% and -8.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.96 million and changing 6.48% at the moment leaves the stock -2.59% off its SMA200. ESTC registered -9.09% loss for a year compared to 6-month gain of 38.42%.
The stock witnessed a -14.05% loss in the last 1 month and extending the period to 3 months gives it a -12.95%, and is -10.06% 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 6.91% over the week and 5.38% over the month.
Elastic N.V (ESTC) has around 3187 employees, a market worth around $10.14B and $1.43B in sales. Fwd P/E is 46.23. Profit margin for the company is -9.29%. Distance from 52-week low is 40.71% and -21.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.24%).
The EPS is expected to grow by 63.44% this year.
Elastic N.V (ESTC) Top Institutional Holders
The shares outstanding are 104.41M, and float is at 90.08M with Short Float at 3.29%.
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
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Still, SEC filings show that on Mar 10 ’25, Dodds Mark Eugene (Chief Revenue Officer) Proposed Sale 2,755 shares at an average price of $90.77 for $0.25 million. The insider now directly holds shares of Elastic N.V (ESTC).
