ElasticESTC
ESTC
About: Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
Employees: 3,372
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 20 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more call options, than puts
Call options by funds: $96.2M | Put options by funds: $53.8M
18% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 114
7% more funds holding in top 10
Funds holding in top 10: 15 [Q2] → 16 (+1) [Q3]
2.57% less ownership
Funds ownership: 83.38% [Q2] → 80.81% (-2.57%) [Q3]
3% less funds holding
Funds holding: 375 [Q2] → 362 (-13) [Q3]
16% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 81
34% less capital invested
Capital invested by funds: $9.66B [Q2] → $6.38B (-$3.29B) [Q3]
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$113
9%
upside
Avg. target
$131
26%
upside
High target
$150
45%
upside
20 analyst ratings
17 positive
85%
3 neutral
15%
0 negative
0%
Morgan Stanley Sanjit Singh 33% 1-year accuracy 4 / 12 met price target | 25%upside $130 | Overweight Initiated | 17 Dec 2024 |
Citigroup Tyler Radke 68% 1-year accuracy 42 / 62 met price target | 45%upside $150 | Buy Maintained | 25 Nov 2024 |
Barclays Raimo Lenschow 59% 1-year accuracy 52 / 88 met price target | 33%upside $138 | Overweight Maintained | 25 Nov 2024 |
Wedbush Daniel Ives 80% 1-year accuracy 110 / 137 met price target | 30%upside $135 | Outperform Upgraded | 25 Nov 2024 |
DA Davidson Gil Luria 69% 1-year accuracy 29 / 42 met price target | 11%upside $115 | Neutral Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 21 articles about ESTC published over the past 30 days
Neutral
Business Wire
1 week ago
Elastic Announces Elasticsearch Logsdb Index Mode to Reduce Log Data Storage Footprint by Up to 65%
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced the general availability of Elasticsearch logsdb index mode. This latest innovation in log management reduces the storage footprint of log data by up to 65% compared to recent versions of Elasticsearch without logsdb index mode. Now, security and observability teams have increased visibility while keeping all data immediately accessible for analysis. “Logs are critical for detection and remediation, but the g.
Positive
Zacks Investment Research
1 week ago
Elastic (ESTC) Just Overtook the 20-Day Moving Average
After reaching an important support level, Elastic (ESTC) could be a good stock pick from a technical perspective. ESTC surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Neutral
MarketBeat
1 week ago
2 AI Stocks That Gap and Crapped for a Dip Buying Opportunity
The reaction to earnings reports can be fickle and illogical at times. Sometimes, the market will react one way and then completely reverse its sentiment.
Neutral
Business Wire
1 week ago
Elastic Announces Elastic Rerank Model to Power Up Semantic Search
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced Elastic Rerank, a cross-encoder reranking model that offers powerful semantic search capabilities with no required reindexing, and high relevance, top performance, and efficiency for text search. Developers can now semantically boost keyword search with little to no change to how data is indexed and searched, providing flexibility and control over costs. “Reranking models provide a semantic boost to any searc.
Neutral
The Motley Fool
1 week ago
Elastic's Struggle: Will This Search Engine Innovator Meet Investor Expectations?
Explore the exciting world of Elastic (ESTC -2.81%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Neutral
Business Wire
2 weeks ago
Elastic Simplifies Cloud Detection and Response with A Single SIEM
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced Elastic Security now offers expanded cloud detection and response (CDR) capabilities from a single SIEM to reduce tool fragmentation and streamline cloud security. The additional features include agentless ingestion, cloud asset inventory, extended protections, and graph view that enables out-of-the-box correlation and context enrichment using customers' existing data. Legacy security solutions have complex w.
Neutral
Business Wire
2 weeks ago
Elastic Awarded a 2024 AWS Partner Award
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced today it is a recipient of a 2024 Geography and Global AWS Partner Award, recognizing leaders that are playing key roles in helping their customers drive innovation and build solutions on Amazon Web Services (AWS). Elastic was named the Global Generative AI Infrastructure and Data Partner of the Year, which recognizes top technology partners with the Generative AI Competency that support vector embeddings dat.
Neutral
Business Wire
2 weeks ago
Elastic Announces General Availability of Elastic Cloud Serverless Powered by Search AI Lake
SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced the general availability of its Elastic Cloud Serverless powered by a re-architectured Elasticsearch that is built on an industry-first Search AI Lake optimized for real-time applications. It combines vast storage with low-latency querying and all of the strengths of Elasticsearch's AI and search capabilities. “The need for scalability within search has never been more prevalent,” said Maribel Lopez, Fo.
Neutral
PRNewsWire
3 weeks ago
Autodesk appoints Janesh Moorjani as chief financial officer
SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale.
Positive
Proactive Investors
3 weeks ago
Next 'AI party' phase is coming to boost software firms like Snowflake, Elastic, Palantir
Artificial intelligence sector names Snowflake (NYSE:SNOW) and Elastic (NYSE:ESTC) were upgraded to a positive rating by Wedbush on Tuesday as it sees opportunities for other software players to "get in on the AI party" as further uses for the technology emerge. The brokerage reflected confidence in the next phase of the AI revolution, namely the "enterprise consumption phase", with launch of large language models (LLMs) for thousands of companies and further adoption of generative AI that it reckons "will be a major catalyst for the software sector and key players".
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