In a filing, Elastic N.V revealed its Chief Revenue Officer Dodds Mark Eugene unloaded Company’s shares for reported $0.25 million on Mar 10 ’25. In the deal valued at $90.77 per share,2,755 shares were sold. As a result of this transaction, Dodds Mark Eugene now holds 96,484 shares worth roughly $9.38 million.
Then, Kulkarni Ashutosh sold 18,735 shares, generating $1,700,576 in total proceeds. Upon selling the shares at $90.77, the Chief Executive Officer now owns 376,591 shares.
Before that, Herzog Carolyn sold 4,500 shares. Elastic N.V shares valued at $440,438 were divested by the Chief Legal Officer at a price of $97.88 per share. As a result of the transaction, Herzog Carolyn now holds 79,652 shares, worth roughly $7.74 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 Friday, Elastic N.V [NYSE:ESTC] saw its stock jump 2.53% to $97.21. Over the last five days, the stock has gained 2.22%. Elastic N.V shares have fallen nearly -1.89% since the year began. Nevertheless, the stocks have fallen -4.55% over the past one year. While a 52-week high of $123.96 was reached on 02/10/25, a 52-week low of $69.00 was recorded on 03/10/25. SMA at 50 days reached $104.94, while 200 days put it at $99.37.
Levels Of Support And Resistance For ESTC Stock
The 24-hour chart illustrates a support level at 93.69, which if violated will result in even more drops to 90.18. On the upside, there is a resistance level at 98.98. A further resistance level may holdings at 100.76. The Relative Strength Index (RSI) on the 14-day chart is 45.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.18%. Stochastics %K at 27.22% 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 2025-02-28, dropping by -0.17 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.87 million shares. There was a decline of -6.3%, 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.
