Elastic N.V (ESTC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Elastic Names Mark Dodds Chief Revenue Officer.

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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $123.22 and fluctuated between $124.75 as its day high and $120.75 as its day low. The current market capitalization of Elastic N.V is $12.28B. A total of 1.87 million shares were traded on the day, compared to an average of 1.56M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ESTC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 33 SELLs from insiders. Insiders purchased 167,887 shares during that period but sold 3,859,294.

In the most recent transaction, Gleeson Alison sold 3,404 shares of ESTC for 111.94 per share on Dec 15. After the transaction, the Director now owns 6,577 company shares. In a previous transaction on Dec 12, Herzog Carolyn sold 20,234 shares at 115.49 per share. ESTC shares that Chief Legal Officer owns now total 90,390.

Among the insiders who sold shares, Leibowitz Shelley B disposed of 1,000 shares on Dec 12 at a per-share price of $115.53. This resulted in the Director holding 5,577 shares of ESTC after the transaction. In another insider transaction, Banon Shay sold 89,995 shares at $116.10 per share on Dec 11. Company shares held by the Chief Technology Officer now total 4,520,036.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ESTC in the last 3 months, the mean price target is $112.10 with high estimates of $140.00 and low estimates of $67.00. In terms of 52-week highs and lows, ESTC has a high of $121.63 and a low of $50.21.

As of this writing, ESTC has an earnings estimate of $Establishment Labs Holdings Inc per share for the current quarter. EPS was calculated based on a consensus of Elastic N.V. estimates, with a high estimate of $Enterprise Bancorp Inc per share and a lower estimate of $Stewart Information Services Co.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $4.57, while its Total Shareholder’s Equity was $415.43M.

Analysts Opinion

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. 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 4.25.

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