Monness analyst Brian White maintained a Buy rating on Elastic NV (ESTC) today and set a price target of $125. The company’s shares closed last Monday at $80.01.
According to TipRanks.com, White is a top 25 analyst with an average return of 25.3% and a 71.1% success rate. White covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Spotify Technology SA, and Salesforce.com.
Elastic NV has an analyst consensus of Strong Buy, with a price target consensus of $122.67.
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Based on Elastic NV’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $34.84 million. In comparison, last year the company had a GAAP net loss of $18.58 million.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESTC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Elastic NV engages in the provision of open source search and analytics engine services. It offers Elastic Stack, which is a set of software products that ingest and store data from any source, in any format, and perform search, analysis, and visualization.
