ElasticESTC
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: 3,299
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
68% more call options, than puts
Call options by funds: $139M | Put options by funds: $82.9M
43% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 54
19% more capital invested
Capital invested by funds: $8.05B [Q1] → $9.58B (+$1.54B) [Q2]
15% more funds holding in top 10
Funds holding in top 10: 13 [Q1] → 15 (+2) [Q2]
7% more funds holding
Funds holding: 352 [Q1] → 375 (+23) [Q2]
3.02% more ownership
Funds ownership: 79.69% [Q1] → 82.71% (+3.02%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 128
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Barclays Raimo Lenschow 53% 1-year accuracy 40 / 75 met price target | 16%upside $95 | Overweight Upgraded | 7 Oct 2024 |
Barclays Raimo Lenschow 53% 1-year accuracy 40 / 75 met price target | 10%upside $90 | Equal-Weight Maintained | 20 Sept 2024 |
Guggenheim | 23%upside $100 | Buy Initiated | 11 Sept 2024 |
Canaccord Genuity Kingsley Crane 54% 1-year accuracy 13 / 24 met price target | 35%upside $110 | Buy Maintained | 3 Sept 2024 |
DA Davidson Gil Luria 47% 1-year accuracy 20 / 43 met price target | 8%downside $75 | Neutral Maintained | 30 Aug 2024 |
Financial journalist opinion
Based on 54 articles about ESTC published over the past 30 days
