In yesterday’s Wall Street session, Elastic N.V (NYSE:ESTC) shares traded at $72.52, down -1.12% from the previous session.
ESTC stock price is now -32.93% away from the 50-day moving average and -33.00% away from the 200-day moving average. The market capitalization of the company currently stands at $7.45B.
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With the price target reduced from $135 to $95, Robert W. Baird Downgraded its rating from Outperform to Neutral for Elastic N.V (NYSE: ESTC). On August 30, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $140 to quote $94, while ‘UBS’ rates the stock as ‘Buy’
In other news, Auvil Paul R. III, Director bought 20,000 shares of the company’s stock on Sep 03 ’24. The stock was bought for $1,484,968 at an average price of $74.25. Upon completion of the transaction, the Director now directly owns 22,627 shares in the company, valued at $1.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24 ’24, Chief Executive Officer Kulkarni Ashutosh sold 9,664 shares of the business’s stock. A total of $1,061,880 was realized by selling the stock at an average price of $109.88. This leaves the insider owning 452,297 shares of the company worth $32.8 million. A total of 16.28% of the company’s stock is owned by insiders.
During the past 12 months, Elastic N.V has had a low of $69.66 and a high of $136.06. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 1.81, and a quick ratio of 1.81. According to the stock market information, the enterprise value for the company is $6894517760, which is based on a 132.29 price-to-earnings ratio, a 8.22 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for ESTC is $108.126 and a two-hundred day moving average price translates $108.24405 for the stock.
The latest earnings results from Elastic N.V (NYSE: ESTC) was released for 2024-07-31. The net profit margin was 4.62% and return on equity was 10.42% for ESTC. The company reported revenue of $347.42 million for the quarter, compared to $293.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.27 percent.
