Page 21 - Elastic News Today

As the new CEO of the enterprise search specialist, Ashutosh Kulkarni is reorganising the company to focus on selling cloud software and expand into the lucrative observability and security domains.

Brown Advisory Inc. purchased a new position in shares of Elastic (NYSE:ESTC – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,515 shares of the company’s stock, valued at approximately $6,710,000. Other large investors have also recently added to […]

180 Wealth Advisors LLC boosted its position in Elastic (NYSE:ESTC – Get Rating) by 23.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,507 shares of the company’s stock after purchasing an additional 474 shares during the period. 180 Wealth Advisors LLC’s holdings in Elastic were worth $206,000 as of its most recent filing […]

Elastic (NYSE:ESTC – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $-0.420-$-0.380 for the period, compared to the Thomson Reuters consensus estimate of $-0.530. The company issued revenue guidance of $853 million-$855 million, compared to the consensus revenue estimate of $832.91 million.Elastic also updated […]

Elastic (NYSE:ESTC – Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.240-$-0.200 for the period, compared to the Thomson Reuters consensus estimate of $-0.260. The company issued revenue guidance of $230 million-$232 million, compared to the consensus revenue estimate […]

Arden Trust Co lowered its position in Elastic (NYSE:ESTC – Get Rating) by 3.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,196 shares of the company’s stock after selling 180 shares during the quarter. Arden Trust Co’s holdings in Elastic were worth $639,000 […]

Elastic (NYSE:ESTC – Get Rating) had its price objective decreased by analysts at Stifel Nicolaus from $148.00 to $125.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 45.69% from the company’s […]

Elastic (NYSE:ESTC – Get Rating) has received an average recommendation of “Buy” from the seventeen analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued […]

Elastic (NYSE:ESTC – Get Rating)’s stock price gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $80.75, but opened at $84.00. Elastic shares last traded at $86.80, with a volume of 15,784 shares trading hands. The company reported ($0.12) earnings per […]

Elastic (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch and the Elastic Stack, announced that it will release its financial results for its third quarter fiscal 2022 ended January 31, 2022