The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Elastic N.V shares valued at $14,948,799 were sold by Banon Shay on Mar 04 ’25. At $106.68 per share, Banon Shay sold 140,129 shares. The insider’s holdings dropped to 2,254,978 shares worth approximately $247.21 million following the completion of this transaction.
Also, Banon Shay sold 34,203 shares, netting a total of over 3,825,931 in proceeds. Following the sale of shares at $111.86 each, the insider now holds 2,395,107 shares.
Before that, Banon Shay had sold 25,668 shares from its account. In a trade valued at $2,888,420, the Chief Technology Officer traded Elastic N.V shares for $112.53 each. Upon closing the transaction, the insider’s holdings decreased to 25,668 shares, worth approximately $264.05 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 5.90%. Over the course of the year, Elastic N.V shares have jumped approximately 10.65%. Shares of the company reached a 52-week high of $118.84 on 02/10/25 and a 52-week low of $95.11 on 01/13/25. A 50-day SMA is recorded $106.44, while a 200-day SMA reached $99.95.
Support And Resistance Levels for Elastic N.V (ESTC)
According to the 24-hour chart, there is a support level at 107.21, which, if violated, would cause prices to drop to 104.80. In the upper region, resistance lies at 110.98. The next price resistance is at 112.33. RSI (Relative Strength Index) is 51.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 47.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
