Elastic (NYSE: ESTC) has recently received a number of price target changes and ratings updates:
- 11/25/2024 – Elastic had its price target raised by analysts at Barclays PLC from $105.00 to $138.00. They now have an “overweight” rating on the stock.
- 11/25/2024 – Elastic was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $135.00 price target on the stock.
- 11/25/2024 – Elastic had its price target raised by analysts at Citigroup Inc. from $136.00 to $150.00. They now have a “buy” rating on the stock.
- 11/22/2024 – Elastic was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating.
- 11/22/2024 – Elastic had its price target raised by analysts at Scotiabank from $92.00 to $135.00. They now have a “sector outperform” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Piper Sandler from $100.00 to $130.00. They now have an “overweight” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at JPMorgan Chase & Co. from $100.00 to $130.00. They now have an “overweight” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Wells Fargo & Company from $100.00 to $135.00. They now have an “overweight” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Royal Bank of Canada from $110.00 to $130.00. They now have an “outperform” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Oppenheimer Holdings Inc. from $125.00 to $140.00. They now have an “outperform” rating on the stock.
- 11/22/2024 – Elastic was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $135.00 price target on the stock, up previously from $95.00.
- 11/22/2024 – Elastic had its price target raised by analysts at DA Davidson from $75.00 to $115.00. They now have a “neutral” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at The Goldman Sachs Group, Inc. from $99.00 to $113.00. They now have a “neutral” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Bank of America Co. from $94.00 to $120.00. They now have a “neutral” rating on the stock.
- 11/22/2024 – Elastic had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
- 11/22/2024 – Elastic had its price target raised by analysts at Truist Financial Co. from $105.00 to $135.00. They now have a “buy” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Guggenheim from $100.00 to $120.00. They now have a “buy” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Canaccord Genuity Group Inc. from $110.00 to $130.00. They now have a “buy” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Jefferies Financial Group Inc. from $110.00 to $135.00. They now have a “buy” rating on the stock.
- 11/22/2024 – Elastic had its price target raised by analysts at Stifel Nicolaus from $98.00 to $132.00. They now have a “buy” rating on the stock.
- 11/20/2024 – Elastic had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $120.00 price target on the stock.
- 11/15/2024 – Elastic had its price target raised by analysts at Barclays PLC from $95.00 to $105.00. They now have an “overweight” rating on the stock.
- 10/17/2024 – Elastic was upgraded by analysts at Wedbush to a “hold” rating.
- 10/14/2024 – Elastic was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
Elastic Stock Down 3.8 %
Elastic stock opened at $103.81 on Wednesday. The stock has a market cap of $10.76 billion, a PE ratio of 188.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a fifty day moving average of $89.99 and a 200 day moving average of $97.14. Elastic has a one year low of $69.00 and a one year high of $136.06.
Insider Activity at Elastic
In related news, insider Carolyn Herzog sold 11,145 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total value of $1,240,884.30. Following the completion of the transaction, the insider now owns 92,011 shares of the company’s stock, valued at approximately $10,244,504.74. This represents a 10.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Shay Banon sold 150,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $110.92, for a total value of $16,638,000.00. Following the completion of the transaction, the chief technology officer now owns 2,604,978 shares in the company, valued at $288,944,159.76. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.90% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
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.
Featured Articles
- Five stocks we like better than Elastic
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- 4 Stocks Planning to Return Capital With Hefty Buyback Programs
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Overblown Holiday Worries? 3 Stocks Set for a Surprise Comeback
- What is a support level?
- UiPath: A Golden Opportunity in AI-Driven Workflow Automation
Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.