Elastic NV (NYSE:ESTC) – Jefferies Financial Group issued their Q1 2022 earnings per share (EPS) estimates for Elastic in a note issued to investors on Thursday, August 29th, Zacks Investment Research reports. Jefferies Financial Group analyst J. Difucci expects that the company will post earnings of ($0.59) per share for the quarter.
Other research analysts have also issued research reports about the stock. Stifel Nicolaus lifted their price objective on shares of Elastic from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Bank of America lifted their price objective on shares of Elastic from $135.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Citigroup lifted their price objective on shares of Elastic from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Monness Crespi & Hardt lifted their price objective on shares of Elastic from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Barclays lifted their price objective on shares of Elastic from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $104.00.
Elastic stock traded up $2.21 during midday trading on Monday, hitting $93.86. 1,100,019 shares of the stock were exchanged, compared to its average volume of 1,000,089. The company has a fifty day simple moving average of $88.13 and a two-hundred day simple moving average of $85.16. Elastic has a 52 week low of $58.55 and a 52 week high of $104.10. The stock has a market capitalization of $7.02 billion and a PE ratio of -52.14. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.11.
Elastic (NYSE:ESTC) last issued its earnings results on Wednesday, August 28th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.09. Elastic had a negative net margin of 41.18% and a negative return on equity of 44.92%. The company had revenue of $89.70 million for the quarter, compared to analyst estimates of $83.49 million. The company’s revenue for the quarter was up 58.5% compared to the same quarter last year.
In other Elastic news, Director Michelangelo Volpi sold 34,784 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $78.19, for a total transaction of $2,719,760.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin Kluge sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $75.09, for a total transaction of $1,877,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,244,959 shares of company stock worth $114,184,300 over the last 90 days. Corporate insiders own 44.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ESTC. Pearl River Capital LLC acquired a new stake in shares of Elastic in the first quarter valued at approximately $32,000. US Bancorp DE acquired a new stake in shares of Elastic in the second quarter valued at approximately $37,000. Machina Capital S.A.S. acquired a new stake in shares of Elastic in the second quarter valued at approximately $52,000. Botty Investors LLC acquired a new stake in shares of Elastic in the first quarter valued at approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Elastic in the second quarter valued at approximately $82,000. Institutional investors own 52.10% of the company’s stock.
About Elastic
Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.