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 $250,071 were sold by Dodds Mark Eugene on Mar 10 ’25. At $90.77 per share, Dodds Mark Eugene sold 2,755 shares. The insider’s holdings dropped to 96,484 shares worth approximately $9.51 million following the completion of this transaction.
Also, Kulkarni Ashutosh sold 18,735 shares, netting a total of over 1,700,576 in proceeds. Following the sale of shares at $90.77 each, the insider now holds 376,591 shares.
Before that, Herzog Carolyn had sold 4,500 shares from its account. In a trade valued at $440,438, the Chief Legal Officer traded Elastic N.V shares for $97.88 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $7.85 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 drop of approximately -10.10%. Over the course of the year, Elastic N.V shares have dropped approximately -0.52%. Shares of the company reached a 52-week high of $118.84 on 02/10/25 and a 52-week low of $89.15 on 03/10/25. A 50-day SMA is recorded $105.71, while a 200-day SMA reached $99.62.
Support And Resistance Levels for Elastic N.V (ESTC)
According to the 24-hour chart, there is a support level at 96.30, which, if violated, would cause prices to drop to 94.04. In the upper region, resistance lies at 101.06. The next price resistance is at 103.57. RSI (Relative Strength Index) is 43.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.33, which suggests the price will decrease in the coming days. Percent R is at 66.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
