Elastic N.V’s recently made public that its Chief Executive Officer Kulkarni Ashutosh unloaded Company’s shares for reported $0.76 million on Dec 18 ’24. In the deal valued at $108.12 per share,7,017 shares were sold. As a result of this transaction, Kulkarni Ashutosh now holds 395,326 shares worth roughly $39.67 million.
Then, Kulkarni Ashutosh bought 7,017 shares, generating $758,689 in total proceeds.
Before that, Dodds Mark Eugene sold 3,691 shares. Elastic N.V shares valued at $401,286 were divested by the Chief Revenue Officer at a price of $108.72 per share. As a result of the transaction, Dodds Mark Eugene now holds 99,239 shares, worth roughly $9.96 million.
Cantor Fitzgerald initiated its Elastic N.V [ESTC] rating to a Neutral in a research note published on January 17, 2025; the price target was $108. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. Wedbush also remained covering ESTC and has increased its forecast on November 25, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on November 22, 2024. It rated ESTC as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ESTC
On Tuesday, Elastic N.V [NYSE:ESTC] saw its stock fall -0.03% to $100.36. Over the last five days, the stock has gained 4.52%. Elastic N.V shares have risen nearly 1.29% since the year began. Nevertheless, the stocks have fallen -15.13% over the past one year. While a 52-week high of $136.06 was reached on 01/06/25, a 52-week low of $69.00 was recorded on 01/13/25. SMA at 50 days reached $100.61, while 200 days put it at $98.69.
Levels Of Support And Resistance For ESTC Stock
The 24-hour chart illustrates a support level at 98.92, which if violated will result in even more drops to 97.49. On the upside, there is a resistance level at 101.97. A further resistance level may holdings at 103.59. The Relative Strength Index (RSI) on the 14-day chart is 49.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.92%. Stochastics %K at 64.90% 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.
The most recent change occurred on November 22, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $140.
