During the recent session, Elastic N.V (NYSE:ESTC)’s traded shares were 3.1 million, with the beta value of the company hitting 1.12. At the last check today, the stock’s price was $78.87, reflecting an intraday loss of -14.30% or -$13.16. The 52-week high for the ESTC share is $123.96, that puts it down -57.17 from that peak though still a striking 12.51% gain since the share price plummeted to a 52-week low of $69.00. The company’s market capitalization is $8.24B, and the average intraday trading volume over the past 10 days was 2.18 million shares, and the average trade volume was 1.79 million shares over the past three months.
Elastic N.V (ESTC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.58. ESTC has a Sell rating from 0 analyst(s) out of 24 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 18 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.42.
Elastic N.V (NYSE:ESTC) trade information
Elastic N.V (ESTC) registered a -14.30% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -14.30% in intraday trading to $78.87, hitting a weekly high. The stock’s 5-day price performance is -15.19%, and it has moved by -8.50% in 30 days. Based on these gigs, the overall price performance for the year is -21.23%. The short interest in Elastic N.V (NYSE:ESTC) is 3.35 million shares and it means that shorts have 1.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $133, which implies an increase of 40.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $191 respectively. As a result, ESTC is trading at a discount of -142.17% off the target high and 98.73% off the low.
Elastic N.V (ESTC) estimates and forecasts
In the rating firms’ projections, revenue will increase 12.51% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 396.96M as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 410.69M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 347.42M and 365.36M respectively. In this case, analysts expect current quarter sales to grow by 14.26% and then jump by 12.41% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.24%. While earnings are projected to return 10.26% in 2025, the next five years will return 10.60% per annum.
ESTC Dividends
Elastic N.V is due to release its next quarterly earnings on 2025-May-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Elastic N.V (NYSE:ESTC)’s Major holders
Elastic N.V insiders own 13.11% of total outstanding shares while institutional holders control 93.45%, with the float percentage being 107.55%. BAILLIE GIFFORD & CO is the largest shareholder of the company, while 608.0 institutions own stock in it. As of 2024-06-30, the company held over 9.79 million shares (or 9.5679% of all shares), a total value of $1.11 billion in shares.
The next largest institutional holding, with 8.93 million shares, is of VANGUARD GROUP INC’s that is approximately 8.7351% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.02 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Elastic N.V (ESTC) shares are VANGUARD WORLD FUND-Vanguard International Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Feb 28, 2025 indicates that VANGUARD WORLD FUND-Vanguard International Growth Fund owns about 5.17 shares. This amounts to just over 4.95 percent of the company’s overall shares, with a $414.06 million market value. The same data shows that the other fund manager holds slightly less at 2.78, or about 2.66% of the stock, which is worth about $222.84 million.
