Elastic N.V’s recently made public that 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 $16.83 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 $37.23 million.
William Blair upgraded its Elastic N.V [ESTC] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early October from “an Equal weight” to “an Overweight”. Guggenheim began covering ESTC with “Buy” recommendation on September 11, 2024. Robert W. Baird revised its rating on August 30, 2024. It rated ESTC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of ESTC
On Monday, Elastic N.V [NYSE:ESTC] saw its stock fall -0.30% to $86.06. Over the last five days, the stock has lost -4.34%. Elastic N.V shares have fallen nearly -23.64% since the year began. Nevertheless, the stocks have risen 16.98% 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 $80.11, while 200 days put it at $100.88.
Levels Of Support And Resistance For ESTC Stock
The 24-hour chart illustrates a support level at 84.58, which if violated will result in even more drops to 83.09. On the upside, there is a resistance level at 87.44. A further resistance level may holdings at 88.82. The Relative Strength Index (RSI) on the 14-day chart is 56.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.17%. Stochastics %K at 59.46% 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 2024-10-31, dropping by -0.75 million shares to a total of 3.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.76 million shares. There was a decline of -24.89%, which implies that there is a negative sentiment for the stock.
