In a report released today, Kash Rangan from Goldman Sachs maintained a Hold rating on Elastic (ESTC – Research Report), with a price target of $64.00. The company’s shares opened today at $53.06.
According to TipRanks, Rangan is a 4-star analyst with an average return of 5.9% and a 54.09% success rate. Rangan covers the Technology sector, focusing on stocks such as Microsoft, Twilio, and Dynatrace.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elastic with a $73.27 average price target.
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The company has a one-year high of $98.75 and a one-year low of $46.18. Currently, Elastic has an average volume of 1.53M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESTC in relation to earlier this year. Last month, Moorjani Janesh, the CFO & COO of ESTC bought 7,651.00 shares for a total of $99,998.57.
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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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