Elastic (ESTC) to Release Earnings on Thursday

Elastic (NYSE:ESTC) is expected to 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Elastic Stock Down 1.8 %

Shares of NYSE ESTC opened at $102.99 on Wednesday. The company has a 50-day moving average of $105.91 and a 200 day moving average of $95.41. Elastic has a 12-month low of $69.00 and a 12-month high of $136.06. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market cap of $10.67 billion, a PE ratio of 187.26 and a beta of 1.07.

Insider Activity

In other news, CEO Ashutosh Kulkarni sold 7,017 shares of Elastic stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total value 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. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

ESTC has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of Elastic from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Oppenheimer increased their price objective on shares of Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. The Goldman Sachs Group increased their price objective on shares of Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Scotiabank lowered their price objective on shares of Elastic from $135.00 to $127.00 and set a “sector outperform” rating for the company in a research report on Tuesday, January 21st. Finally, Truist Financial increased their price objective on shares of Elastic from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.78.

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.