Is Elastic N.V (NYSE: ESTC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

ESTC belongs to the Technology sector of the NYSE while operating in the Software – Application industry. The current market capitalization of Elastic N.V is $7.79B. A total of 0.92 million shares were traded on the day, compared to an average of 1.34M shares.

In the most recent transaction, Moorjani Janesh sold 6,941 shares of ESTC for 70.25 per share on Sep 09 ’24. After the transaction, the CFO & COO now owns 195,550 company shares. In a previous transaction on Sep 09 ’24, Banon Shay sold 2,666 shares at 70.25 per share. ESTC shares that Chief Technology Officer owns now total 4,543,190.

Among the insiders who sold shares, Kulkarni Ashutosh disposed of 19,649 shares on Sep 09 ’24 at a per-share price of $70.25. This resulted in the Chief Executive Officer holding 432,648 shares of ESTC after the transaction. In another insider transaction, Dodds Mark Eugene sold 3,661 shares at $70.25 per share on Sep 09 ’24. Company shares held by the Chief Revenue Officer now total 102,683.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ESTC has a high of $136.06 and a low of $69.00.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $7.39, while its Total Shareholder’s Equity was $415.43M.

Analysts Opinion

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. 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 4.13.

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