Elastic (NYSE: ESTC) announced its quarterly results on Tuesday. The company announced ($ 0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($ 0.16) by $ 0.08, MarketWatch Results reports. The company posted revenue of $ 177.60 million in the quarter, compared to a consensus estimate of $ 158.87 million. Elastic had a negative net margin of 21.15% and a negative return on equity of 19.88%. The company’s revenue for the quarter increased 43.7% from the same quarter last year. In the same quarter of last year, the company made EPS ($ 0.12).
ESTC shares traded up $ 11.92 on Thursday, reaching $ 129.94. The stock had a trading volume of 116,877 shares, compared to its average volume of 1,052,427. Elastic has a one-year low of $ 78.00 and a one-year high of $ 176.49. The company has a 50-day moving average price of $ 116.97. The company has a market cap of $ 11.66 billion, a P / E ratio of -92.07 and a beta of 1.06.
Several equity research analysts recently published reports on ESTC stocks. Canaccord Genuity lowered its price target on Elastic from $ 175.00 to $ 155.00 and established a “buy” rating for the company in a research note Thursday. Citigroup raised its price target on Elastic from $ 190.00 to $ 200.00 in a research report published on Friday, February 26. Barclays lowered its price target on Elastic shares from $ 200.00 to $ 180.00 and set an “overweight” rating on the stock in a research report Thursday. Monness Crespi & Hardt raised its price target on Elastic shares from $ 200.00 to $ 212.00 and gave the stock a “buy” rating in a report released Thursday. Finally, Citigroup Inc. 3% minimum Russell-based principal-protected coupon increased its price target on Elastic shares from $ 161.00 to $ 175.00 and assigned the company a “buy” rating. “in a report Thursday. Four research analysts rated the stock with a conservation rating and fifteen gave the company a buy rating. The company has a consensus rating of “Buy” and a consensus price target of $ 165.30.
In addition, director Jonathan Chadwick sold 6,250 shares of the company in a transaction on Monday April 26. The stock was sold for an average price of $ 127.83, for a total value of $ 798,937.50. Following the completion of the transaction, the Director now directly owns 10,029 shares of the company, valued at approximately $ 1,282,007.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In addition, CFO Janesh Moorjani sold 14,733 shares of the company in a trade on Thursday April 1. The stock was sold for an average price of $ 114.89, for a total value of $ 1,692,674.37. Following the sale, the CFO now owns 47,676 shares of the company, valued at $ 5,477,495.64. Disclosure of this sale can be found here. During the last quarter, insiders sold 35,716 shares of the company valued at $ 4,206,533. 25.20% of the shares are held by insiders of the company.
Elastic Company Profile
Elastic NV, a research company, provides technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performing research, analysis, and visualization.
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