Elastic N.V (NYSE:ESTC)’s traded shares stood at 2.03 million during the last session, with the company’s beta value hitting 1.20. At the close of trading, the stock’s price was $86.20, to imply an increase of 0.27% or $0.23 in intraday trading. The ESTC share’s 52-week high remains $123.96, putting it -43.81% down since that peak but still an impressive 19.95% since price per share fell to its 52-week low of $69.00. The company has a valuation of $9.00B, with an average of 1.9 million shares in intraday trading volume over the past 10 days and average of 1.57 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Elastic N.V (ESTC), translating to a mean rating of 1.60. Of 24 analyst(s) looking at the stock, 0 analyst(s) give ESTC a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 18 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.38.
Elastic N.V (NYSE:ESTC) trade information
After registering a 0.27% upside in the last session, Elastic N.V (ESTC) has traded red over the past five days. The 5-day price performance for the stock is 11.17%, and -3.25% over 30 days. With these gigs, the year-to-date price performance is -13.00%. Short interest in Elastic N.V (NYSE:ESTC) saw shorts transact 3.81 million shares and set a 2.69 days time to cover.
The extremes give us $75 and $75 for target low and target high price respectively. As such, ESTC has been trading 12.99% off suggested target high and 12.99% from its likely low.
Elastic N.V (ESTC) estimates and forecasts
The rating firms project that company’s revenue will grow 16.41% compared to the previous financial year.
Revenue forecast for the current quarter as set by 25 analysts is 380.61M. Meanwhile, for the current quarter, a total of 20 analyst(s) estimate revenue growth to 394.9M.Earnings reports from the last fiscal year show that sales brought in 335M and 347.42M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.61% before jumping 13.67% in the following quarter.
ESTC Dividends
Elastic N.V has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Elastic N.V (NYSE:ESTC)’s Major holders
Elastic N.V insiders hold 13.11% of total outstanding shares, with institutional holders owning 90.64% of the shares at 104.32% float percentage. In total, 90.64% institutions holds shares in the company, led by BAILLIE GIFFORD & CO. As of 2024-06-30, the company held over 9.79 million shares (or 9.5679% of shares), all amounting to roughly $1.11 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 8.93 million shares, or about 8.7351% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.02 billion.
We also have VANGUARD WORLD FUND-Vanguard International Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Elastic N.V (ESTC) shares. Going by data provided on Feb 28, 2025 , VANGUARD WORLD FUND-Vanguard International Growth Fund holds roughly 5.17 shares. This is just over 4.95% of the total shares, with a market valuation of $445.62 million. Data from the same date shows that the other fund manager holds a little less at 2.75, or 2.63% of the shares, all valued at about 236.67 million.
