Elastic (NYSE:ESTC) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -1.24–1.17 for the period, compared to the Thomson Reuters consensus estimate of $-1.29. The company issued revenue guidance of $415-417 million, compared to the consensus revenue estimate of $410.43 million.Elastic also updated its Q3 2020
After-Hours guidance to -0.36–0.34 EPS.
NYSE:ESTC traded up $0.42 during mid-day trading on Wednesday, hitting $78.20. 1,823,495 shares of the company’s stock were exchanged, compared to its average volume of 1,046,014. The firm has a market capitalization of $6.20 billion and a P/E ratio of -43.44. Elastic has a fifty-two week low of $60.78 and a fifty-two week high of $104.10. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $75.56 and a 200-day simple moving average of $83.08.
A number of brokerages have recently issued reports on ESTC. Stifel Nicolaus boosted their price target on shares of Elastic from $85.00 to $100.00 and gave the stock a hold rating in a research report on Thursday, August 29th. Zacks Investment Research downgraded shares of Elastic from a buy rating to a hold rating in a research report on Tuesday, October 29th. ValuEngine downgraded shares of Elastic from a buy rating to a hold rating in a research report on Thursday, November 28th. Monness Crespi & Hardt boosted their price target on shares of Elastic from $125.00 to $130.00 and gave the stock a buy rating in a research report on Thursday, August 29th. Finally, Barclays set a $105.00 price target on shares of Elastic and gave the stock a buy rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $102.93.
In other news, SVP W.H. Baird Garrett sold 2,000 shares of Elastic stock in a transaction on Friday, October 18th. The shares were sold at an average price of $74.34, for a total value of $148,680.00. Also, CFO Janesh Moorjani sold 140,000 shares of Elastic stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $92.74, for a total transaction of $12,983,600.00. Insiders sold a total of 503,189 shares of company stock valued at $44,877,269 in the last quarter. 44.20% of the stock is currently owned by company insiders.
Elastic Company Profile
Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.
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