Currently, there are 97.37M common shares owned by the public and among those 80.98M shares have been available to trade.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 167,887 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 3,859,294 shares.
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The company’s stock has a 5-day price change of -9.73% and 46.92% over the past three months. ESTC shares are trading 3.82% year to date (YTD), with the 12-month market performance up to 102.68% higher. It has a 12-month low price of $50.21 and touched a high of $136.06 over the same period. ESTC has an average intraday trading volume of 1.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.83%, -1.84%, and 37.26% respectively.
Institutional ownership of Elastic N.V (NYSE: ESTC) shares accounts for 81.67% of the company’s 97.37M shares outstanding.
It has a market capitalization of $11.66B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 255.54, while the earnings-per-share (ttm) stands at $0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.10% over the week and 4.00% over the month.
Earnings per share for the fiscal year are expected to increase by 369.42%, and 16.58% over the next financial year.
Looking at the support for the ESTC, a number of firms have released research notes about the stock. Scotiabank stated their Sector Outperform rating for the stock in a research note on February 15, 2024, with the firm’s price target at $185. Barclays coverage for the Elastic N.V (ESTC) stock in a research note released on January 12, 2024 offered a Equal Weight rating with a price target of $110. Wells Fargo was of a view on December 01, 2023 that the stock is Overweight, while Jefferies gave the stock Buy rating on October 18, 2023, issuing a price target of $75- $100. Needham on their part issued Hold rating on October 12, 2023.
