Sharp increase in ESTC’s short interest leads to surge in days-to-cover ratio

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Elastic N.V shares valued at $1,768,335 were sold by Kulkarni Ashutosh on Sep 09 ’25. At $90.12 per share, Kulkarni Ashutosh sold 19,622 shares. The insider’s holdings dropped to 457,314 shares worth approximately $41.13 million following the completion of this transaction.

Also, Bone Jane E sold 629 shares, netting a total of over 56,685 in proceeds. Following the sale of shares at $90.12 each, the insider now holds 38,786 shares.

Before that, Dodds Mark Eugene had sold 5,037 shares from its account. In a trade valued at $453,934, the Chief Revenue Officer traded Elastic N.V shares for $90.12 each. Upon closing the transaction, the insider’s holdings decreased to 5,037 shares, worth approximately $15.04 million.

Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in late August. As of June 27, 2025, Monness Crespi & Hardt has increased its “Neutral” rating to a “Buy” for ESTC. Earlier on June 10, 2025, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for ESTC stock.

Analyzing ESTC Stock Performance

On last trading session, Elastic N.V [NYSE: ESTC] plunged -1.38% to $89.93. The stock’s lowest price that day was $89.27, but it reached a high of $92.95 in the same session. During the last five days, there has been a surge of approximately 4.22%. Over the course of the year, Elastic N.V shares have jumped approximately 28.22%. Shares of the company reached a 52-week high of $118.84 on 02/10/25 and a 52-week low of $70.14 on 04/07/25.

Support And Resistance Levels for Elastic N.V (ESTC)

According to the 24-hour chart, there is a support level at 88.48, which, if violated, would cause prices to drop to 87.04. In the upper region, resistance lies at 92.16. The next price resistance is at 94.40. RSI (Relative Strength Index) is 62.03 on the 14-day chart, showing neutral technical sentiment.

Is Elastic N.V subject to short interest?

Stocks of Elastic N.V saw a sharp rise in short interest on 2025-08-15 jumping by 0.37 million shares to 4.17 million. Data from Yahoo Finance shows that the short interest on 2025-07-15 was 3.8 million shares. A jump of 8.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.01 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.01.

Which companies own the most shares of Elastic N.V (ESTC)?

In terms of Elastic N.V share price expectations, FactSet research, analysts set an average price target of 120 in the next 12 months, up nearly 31.59% from the previous closing price of $91.19. Analysts anticipate Elastic N.V stock to reach 134 by 2025, with the lowest price target being 120. In spite of this, 24 analysts ranked Elastic N.V stock as Buy at the end of 2025. On January 17, 2025, Cantor Fitzgerald assigned a price target of “a Neutral” to the stock and initiated coverage with a $108.

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