Elastic (ESTC) Projected to Post Quarterly Earnings on Thursday

Elastic (NYSE:ESTC) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $368.85 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Elastic Price Performance

Shares of NYSE:ESTC opened at $104.92 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The firm has a market capitalization of $10.87 billion, a P/E ratio of 190.77 and a beta of 1.07. The company’s fifty day moving average price is $106.00 and its 200 day moving average price is $95.42.

Insider Transactions at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total transaction of $758,678.04. Following the sale, the chief executive officer now directly owns 395,326 shares in the company, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Oppenheimer boosted their target price on Elastic from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Piper Sandler lifted their price target on Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley began coverage on Elastic in a report on Tuesday, December 17th. They issued an “overweight” rating and a $130.00 price objective for the company. Wedbush cut shares of Elastic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price target on shares of Elastic in a research report on Wednesday, November 20th. Seven 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.35.

Elastic Company Profile

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.