Monness Crespi & Hardt upgrades Elastic N.V (ESTC) stock to a Buy

Elastic N.V’s recently made public that its Chief Revenue Officer Dodds Mark Eugene unloaded Company’s shares for reported $0.21 million on Jun 24 ’25. In the deal valued at $83.50 per share,2,500 shares were sold. As a result of this transaction, Dodds Mark Eugene now holds 172,321 shares worth roughly $14.97 million.

Then, MARK DODDS bought 2,500 shares, generating $208,739 in total proceeds.

Before that, Kulkarni Ashutosh sold 5,000 shares. Elastic N.V shares valued at $400,050 were divested by the Chief Executive Officer at a price of $80.01 per share. As a result of the transaction, Kulkarni Ashutosh now holds 476,936 shares, worth roughly $41.43 million.

Monness Crespi & Hardt upgraded its Elastic N.V [ESTC] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early June with a ‘”a Sector weight”‘ rating. Cantor Fitzgerald began covering ESTC with “Neutral” recommendation on January 17, 2025. Morgan Stanley started covering the stock on December 17, 2024. It rated ESTC as “an Overweight”.

Price Performance Review of ESTC

On Monday, Elastic N.V [NYSE:ESTC] saw its stock jump 0.08% to $86.86. Over the last five days, the stock has gained 1.89%. Elastic N.V shares have fallen nearly -24.82% since the year began. Nevertheless, the stocks have fallen -12.33% over the past one year.

How much short interest is there in Elastic N.V?

A steep rise in short interest was recorded in Elastic N.V stocks on 2025-06-13, growing by 0.18 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 3.35 million shares. There was a rise of 5.0%, which implies that there is a positive sentiment for the stock.

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