Elastic (ESTC) Shares Advance 3.33 % in Latest Trading Session
Elastic NV (NYSE: ESTC) closed the trading day at 02:09 PM Central Europe with a 3.33 % increase, reaching USD 98.21 per share. The company’s market capitalisation stands at USD 10.5 billion, and the volume of shares traded over the last 24 hours was USD 119.6 million.
- Share price: USD 98.21
- Shares outstanding: 105 million
- 24‑hour trading volume: USD 119.6 million
- Market cap: USD 10.5 billion
- Price movement since last month‑end: +10.75 %
- 200‑day simple moving average: USD 66.31
- 52‑week high: USD 108 (08/28/2026)
- 52‑week low: USD 42.05 (04/10/2026)
Elastic’s latest earnings announcement and forward guidance have contributed to the current upward trend. The company’s share price remains above the 200‑day moving average, indicating a positive medium‑term technical stance.
Corporate Development: Partnership with Audi Revolut F1® Team
Elastic announced a multi‑year partnership with the Audi Revolut F1® Team. Key points of the agreement include:
- Official supplier role – Elastic will serve as the team’s official search and observability supplier from the 2027 season.
- Activation – The partnership will commence at the 2026 United States Grand Prix.
- Technology focus – Elastic’s tools will enhance the team’s ability to locate and resolve software issues across connected applications, both on the factory floor and on track.
- Strategic intent – The collaboration builds on existing technology use and aims to broaden application areas over time.
- Leadership statements – Elastic’s CEO highlighted the value of its search and observability tools in high‑pressure environments, while Audi emphasized the importance of data and rapid insight for performance.
The agreement underscores Elastic’s commitment to applying its data‑centric solutions in demanding, real‑world contexts.
Related Stock Performance (Last 24 Hours)
| Symbol | Last Price | % Change | Market Cap (USD bn) | P/E Ratio |
|---|---|---|---|---|
| NXT | 77.63 | +3.47 % | 12.4 | 20.94 |
| PNW | 106.61 | +2.62 % | 12.6 | 19.92 |
| MKC | 48.71 | +5.16 % | 12.5 | 8.37 |
| AIT | 319.4 | –5.75 % | 12.5 | 30.93 |
| HUBS | 267.19 | +6.92 % | 12.5 | 90.17 |
Highlights
- Nextpower (NXT): Shares opened at a modest premium to IPO price; limited retail participation; proceeds earmarked for debt repayment, acquisitions, and corporate initiatives.
- Pinnacle West Capital (PNW): Continued upward momentum, maintaining a P/E ratio near 20.
- McCormick & (MKC): Strong rally with a low P/E ratio of 8.37.
- Applied Industrial Technologies (AIT): Decline of 5.75 %; board changes announced, including appointment of Michael L. Olosky as director; Deloitte & Touche LLP named independent auditors for FY ending 06/30/2027.
- HubSpot (HUBS): Significant rise, reflecting investor confidence; high P/E ratio of 90.17 indicates growth expectations.
Company Profile – Elastic NV
Elastic NV is a technology company headquartered in Mountain View, United States. The firm specializes in data analysis services, offering monitoring solutions, security analysis, enterprise search, cloud computing, and open‑source application performance monitoring. Elastic’s primary customer base is in the United States. The company’s website is www.elastic.co . Elastic NV was listed on the New York Stock Exchange on October 5, 2018.
