Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Elastic N.V shares valued at $758,689 were sold by Kulkarni Ashutosh on Dec 18 ’24. At $108.12 per share, Kulkarni Ashutosh sold 7,017 shares. The insider’s holdings dropped to 395,326 shares worth approximately $44.79 million following the completion of this transaction.
Also, Kulkarni Ashutosh purchased 7,017 shares, netting a total of over 758,689 in proceeds.
Before that, Dodds Mark Eugene had sold 3,691 shares from its account. In a trade valued at $401,286, the Chief Revenue Officer traded Elastic N.V shares for $108.72 each. Upon closing the transaction, the insider’s holdings decreased to 3,691 shares, worth approximately $11.24 million.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, Elastic N.V [ESTC] has been a Neutral and the price target has been revised to $108. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. As of November 25, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for ESTC. Earlier on November 22, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ESTC stock which previously was a “a Neutral”.
Analyzing ESTC Stock Performance
During the last five days, there has been a surge of approximately 11.97%. Over the course of the year, Elastic N.V shares have jumped approximately 14.34%. Shares of the company reached a 52-week high of $117.55 on 01/28/25 and a 52-week low of $95.11 on 01/13/25. A 50-day SMA is recorded $102.95, while a 200-day SMA reached $98.97. Nevertheless, trading volume fell to 1.89 million shares from 3.38 million shares the previous day.
Support And Resistance Levels for Elastic N.V (ESTC)
According to the 24-hour chart, there is a support level at 110.29, which, if violated, would cause prices to drop to 107.30. In the upper region, resistance lies at 116.64. The next price resistance is at 120.00. RSI (Relative Strength Index) is 67.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.36, which suggests the price will increase in the coming days. Percent R is at 18.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
