In a filing, Elastic N.V revealed its CFO & COO Moorjani Janesh unloaded Company’s shares for reported $0.49 million on Sep 09 ’24. In the deal valued at $70.25 per share,6,941 shares were sold. As a result of this transaction, Moorjani Janesh now holds 195,550 shares worth roughly $15.08 million.
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Then, Banon Shay sold 2,666 shares, generating $187,286 in total proceeds. Upon selling the shares at $70.25, the Chief Technology Officer now owns 4,543,190 shares.
Before that, Kulkarni Ashutosh sold 19,649 shares. Elastic N.V shares valued at $1,380,342 were divested by the Chief Executive Officer at a price of $70.25 per share. As a result of the transaction, Kulkarni Ashutosh now holds 432,648 shares, worth roughly $33.37 million.
Barclays upgraded its Elastic N.V [ESTC] rating to an Overweight from a an Equal weight in a research note published on October 07, 2024; the price target was increased to $95 from $90. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Robert W. Baird also remained covering ESTC and has decreased its forecast on August 30, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on August 30, 2024. It rated ESTC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ESTC
On Monday, Elastic N.V [NYSE:ESTC] saw its stock fall -2.37% to $77.14. Over the last five days, the stock has gained 0.50%. Elastic N.V shares have fallen nearly -31.55% since the year began. Nevertheless, the stocks have risen 1.33% over the past one year. While a 52-week high of $136.06 was reached on 02/29/24, a 52-week low of $69.00 was recorded on 09/09/24. SMA at 50 days reached $90.11, while 200 days put it at $105.66.
Levels Of Support And Resistance For ESTC Stock
The 24-hour chart illustrates a support level at 76.14, which if violated will result in even more drops to 75.14. On the upside, there is a resistance level at 79.07. A further resistance level may holdings at 81.00. The Relative Strength Index (RSI) on the 14-day chart is 41.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.81%. Stochastics %K at 60.82% indicates the stock is a holding.
How much short interest is there in Elastic N.V?
A steep rise in short interest was recorded in Elastic N.V stocks on 2024-09-13, dropping by -0.48 million shares to a total of 3.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.45 million shares. There was a decline of -12.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 22, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $135 price target.
