Elastic (ESTC) to Release Earnings on Thursday

Elastic (NYSE:ESTC) will likely be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect Elastic to post earnings of $0.47 per share and revenue of $368.86 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Elastic Stock Down 1.7 %

ESTC stock opened at $109.59 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $11.36 billion, a P/E ratio of 199.25 and a beta of 1.07. The business has a 50-day moving average of $105.95 and a 200-day moving average of $95.46. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $136.06.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DA Davidson upped their target price on Elastic from $75.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Citigroup upped their target price on Elastic from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Baird R W upgraded Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Stifel Nicolaus upped their target price on Elastic from $98.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Cantor Fitzgerald assumed coverage on Elastic in a report on Friday, January 17th. They set a “neutral” rating and a $108.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.35.

Insider Transactions at Elastic

In related news, CEO Ashutosh Kulkarni sold 7,017 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the sale, the chief executive officer now owns 395,326 shares of the company’s stock, valued at $42,742,647.12. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Shay Banon sold 150,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total value of $16,638,000.00. Following the sale, the chief technology officer now directly owns 2,604,978 shares in the company, valued at $288,944,159.76. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,162 shares of company stock worth $18,637,562. Company insiders own 15.90% of the company’s stock.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers 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 on that data.