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Elastic (ESTC)
NYSE:ESTC
Elastic (ESTC) Stock Price & Analysis
1,632 Followers
ESTC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.06 - $136.06
Previous Close$102.54
Volume1.07M
Average Volume (3M)1.35M
Market Cap
$10.34B
Enterprise Value$9.92B
Total Cash (Recent Filing)$1.02B
Total Debt (Recent Filing)$596.43M
Price to Earnings (P/E)223.9
Beta1.67
Next Earnings
May 30, 2024EPS Estimate
$0.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.46
Shares Outstanding100,807,523
10 Day Avg. Volume1,236,841
30 Day Avg. Volume1,345,147
Standard Deviation0.15
R-Squared0.10
Alpha0.00407
Financial Highlights & Ratios
Price to Book (P/B)28.68
Price to Sales (P/S)32.21
Price to Cash Flow (P/CF)49.90
P/FCF Ratio45.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.18
Enterprise Value/Gross Profit12.84
Enterprise Value/Ebitda-156.90
Forecast
1Y Price Target
$135.12Price Target Upside25.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Elastic News
Bulls Say, Bears Say
Bulls Say
Financial UpsideShares trade at an attractive entry point given the AI upside.
Market PositionElastic is quickly emerging as a major player in the vector search space, benefiting from its rapid innovation in this field.
Strategic PartnershipsElastic and MongoDB are seeing relatively higher traction for vector search use cases compared to the rest of the market.
Bears Say
Financial PerformanceRPO deceleration and lower sequential customer additions observed, indicating potential slow down in growth.
Market ExpectationsDespite a constructive tone, Elastic highlighted weakness in SMB and tight IT budgets, suggesting potential challenges ahead.
Product Integration ChallengesData cleanliness and format issues are cited as hurdles to GenAI adoption which could affect the pace of ESTC's product integration.
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Ownership Overview
Currently, No data available
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Elastic
Desktop Users
Mobile Users
ESTC FAQ
What was Elastic’s price range in the past 12 months?
Elastic lowest stock price was $54.06 and its highest was $136.06 in the past 12 months.
What is Elastic’s market cap?
Currently, no data Available
When is Elastic’s upcoming earnings report date?
Elastic’s upcoming earnings report date is May 30, 2024 which is in 28 days.
How were Elastic’s earnings last quarter?
Elastic released its earnings results on Feb 29, 2024. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.315 by $0.045.
Is Elastic overvalued?
According to Wall Street analysts Elastic’s price is currently Undervalued.
Does Elastic pay dividends?
Elastic does not currently pay dividends.
What is Elastic’s EPS estimate?
Elastic’s EPS estimate is $0.19.
How many shares outstanding does Elastic have?
Elastic has 100,807,526 shares outstanding.
What happened to Elastic’s price movement after its last earnings report?
Elastic reported an EPS of $0.36 in its last earnings report, beating expectations of $0.315. Following the earnings report the stock price went down -12.555%.
Which hedge fund is a major shareholder of Elastic?
Among the largest hedge funds holding Elastic’s share is Tiger Global Management LLC. It holds Elastic’s shares valued at 191M.
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Elastic Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$135.12 (25.77% Upside)
$135.12 (25.77% Upside)
Blogger Sentiment
Bullish
ESTC Sentiment 91%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 170.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $109.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 1.8%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.55%
12-Months-Change
Fundamentals
Return on Equity
10.26%
Trailing 12-Months
Asset Growth
26.47%
Trailing 12-Months
Company Description
Elastic
Elastic NV engages in the provision of open source search and analytics engine services. It offers Elastic Stack, which is a set of software products that ingest and store data from any source, in any format, and perform search, analysis, and visualization. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on February 9, 2012 and is headquartered in Mountain View, CA.
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ESTC Company Deck
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ESTC Earnings Call
Q3 2024
0:00 / 0:00
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ESTC Stock 12 Months Forecast
Average Price Target
$135.12
▲(25.77% Upside)
Technical Analysis
Best Analysts Covering ESTC
1 Year
1 Year Success Rate
13/23 ratings generated profit
1 Year Average Return
+22.83%
reiterated a buy rating 2 months ago
Copying Matthew Hedberg's trades and holding each position for 1 Year would result in 56.52% of your transactions generating a profit, with an average return of +22.83% per trade.
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