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 $21.8 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 $48.23 million.
Wedbush upgraded its Elastic N.V [ESTC] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “an Outperform”. Oppenheimer also remained covering ESTC and reiterated its “an Outperform” recommendation on November 22, 2024. William Blair revised its rating on October 14, 2024. It rated ESTC as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ESTC
On Monday, Elastic N.V [NYSE:ESTC] saw its stock jump 3.19% to $111.48. Over the last five days, the stock has gained 29.54%. Elastic N.V shares have fallen nearly -1.08% since the year began. Nevertheless, the stocks have risen 43.94% 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 $82.49, while 200 days put it at $100.20.
Levels Of Support And Resistance For ESTC Stock
The 24-hour chart illustrates a support level at 109.14, which if violated will result in even more drops to 106.81. On the upside, there is a resistance level at 115.02. A further resistance level may holdings at 118.57. The Relative Strength Index (RSI) on the 14-day chart is 85.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.32%. Stochastics %K at 83.55% indicates the stock is a selling.
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.
