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Saturday, June 3, 2023

Investors’ Patience Is Being Tested Right Now By Elastic N.V. (NYSE: ESTC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Elastic N.V. (ESTC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.48, or -0.74%, to $64.33. The Elastic N.V. has recorded 16,933 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Elastic to Announce Fourth Quarter and Fiscal 2023 Earnings Results on Thursday, June 1, 2023.

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Stocks Info

Elastic N.V. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $64.81 and fluctuated between $65.74 as its day high and $63.81 as its day low. The current market capitalization of Elastic N.V. is $6.33B. A total of 0.7 million shares were traded on the day, compared to an average of 962.45K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ESTC has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 8,173 shares. Over the last 12 months, there were 17 BUYs and 19 SELLs from insiders. Insiders purchased 645,532 shares during that period but sold 52,225.

In the most recent transaction, Kulkarni Ashutosh sold 12,098 shares of ESTC for 58.28 per share on Mar 09. After the transaction, the Chief Executive Officer now owns 343,037 company shares. In a previous transaction on Mar 09, Moorjani Janesh sold 3,956 shares at 58.28 per share. ESTC shares that CFO & COO owns now total 178,235.

Among the insiders who sold shares, Herzog Carolyn disposed of 2,153 shares on Mar 09 at a per-share price of $58.28. This resulted in the Chief Legal Officer holding 87,995 shares of ESTC after the transaction. In another insider transaction, Exner Ken sold 2,064 shares at $58.28 per share on Mar 09. Company shares held by the Chief Product Officer now total 123,117.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ESTC in the last 3 months, the mean price target is $69.91 with high estimates of $85.00 and low estimates of $55.00. In terms of 52-week highs and lows, ESTC has a high of $91.30 and a low of $46.18.

As of this writing, ESTC has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.08. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.1.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ESTC’s latest balance sheet shows that the firm has $860.95M in Cash & Short Term Investments as of fiscal 2022. There were $594.22M in debt and $593.33M in liabilities at the time. Its Book Value Per Share was $4.01, while its Total Shareholder’s Equity was $415.43M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESTC is Buy with a score of 4.24.

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