Positive sentiment towards ESTC reflected in decline in short interest

Daniel Torres

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 $372,986 were sold by Kulkarni Ashutosh on Dec 15 ’25. At $74.60 per share, Kulkarni Ashutosh sold 5,000 shares. The insider’s holdings dropped to 426,901 shares worth approximately $31.81 million following the completion of this transaction.

Also, ASHUTOSH K KULKARNI purchased 5,000 shares, netting a total of over 372,990 in proceeds.

Before that, Welihinda Navam had sold 1,046 shares from its account. In a trade valued at $77,937, the Chief Financial Officer traded Elastic N.V shares for $74.51 each. Upon closing the transaction, the insider’s holdings decreased to 1,046 shares, worth approximately $9.23 million.

As published in a research note from Monness Crespi & Hardt on November 21, 2025, Elastic N.V [ESTC] has been rated down from a Buy to a Neutral. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early October. As of October 01, 2025, Wells Fargo has initiated its “an Equal weight” rating for ESTC.

Analyzing ESTC Stock Performance

On last trading session, Elastic N.V [NYSE: ESTC] plunged -0.61% to $74.52. The stock’s lowest price that day was $73.93, but it reached a high of $76.215 in the same session. During the last five days, there has been a drop of approximately -5.52%. Over the course of the year, Elastic N.V shares have dropped approximately -28.38%. Shares of the company reached a 52-week high of $118.84 on 02/10/25 and a 52-week low of $68.10 on 11/25/25.

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

According to the 24-hour chart, there is a support level at 73.56, which, if violated, would cause prices to drop to 72.60. In the upper region, resistance lies at 75.85. The next price resistance is at 77.18. RSI (Relative Strength Index) is 42.71 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 steep in short interest on 2025-11-28 dropping by -0.41 million shares to 3.72 million. Data from Yahoo Finance shows that the short interest on 2025-10-31 was 4.13 million shares. A decline of -11.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.78 of the overall float, the days-to-cover ratio (short ratio) decline to 1.78.

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 115 in the next 12 months, up nearly 53.37% from the previous closing price of $74.98. Analysts anticipate Elastic N.V stock to reach 134 by 2025, with the lowest price target being 76. In spite of this, 24 analysts ranked Elastic N.V stock as Buy at the end of 2025. On August 29, 2025, Monness Crespi & Hardt assigned a price target of “a Buy” to the stock and reiterated coverage with a $150.

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