Elastic N.V’s filing revealed that its Chief Technology Officer Banon Shay unloaded Company’s shares for reported $14.03 million on Jun 11 ’24. In the deal valued at $111.08 per share,126,341 shares were sold. As a result of this transaction, Banon Shay now holds 4,545,856 shares worth roughly $495.41 million.
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Then, Kulkarni Ashutosh sold 18,819 shares, generating $2,068,208 in total proceeds. Upon selling the shares at $109.90, the Chief Executive Officer now owns 461,961 shares.
Before that, Moorjani Janesh sold 10,011 shares. Elastic N.V shares valued at $1,100,209 were divested by the CFO & COO at a price of $109.90 per share. As a result of the transaction, Moorjani Janesh now holds 202,491 shares, worth roughly $22.07 million.
UBS initiated its Elastic N.V [ESTC] rating to a Buy in a research note published on May 22, 2024; the price target was $135. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid February with a ‘”a Sector outperform”‘ rating. Barclays also remained covering ESTC and has decreased its forecast on January 12, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on December 01, 2023. It rated ESTC as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of ESTC
On Monday, Elastic N.V [NYSE:ESTC] saw its stock jump 0.13% to $108.98. Over the last five days, the stock has lost -4.55%. Elastic N.V shares have fallen nearly -3.30% since the year began. Nevertheless, the stocks have risen 72.11% over the past one year. While a 52-week high of $136.06 was reached on 02/29/24, a 52-week low of $57.38 was recorded on 05/30/24. SMA at 50 days reached $105.65, while 200 days put it at $100.69. A total of 1.0 million shares were traded, compared to the trading of 0.9 million shares in the previous session.
Levels Of Support And Resistance For ESTC Stock
The 24-hour chart illustrates a support level at 107.08, which if violated will result in even more drops to 105.18. On the upside, there is a resistance level at 110.76. A further resistance level may holdings at 112.54. The Relative Strength Index (RSI) on the 14-day chart is 50.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.33%. Stochastics %K at 55.22% indicates the stock is a holding.
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