Elastic ESTC. has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation.

MOUNTAIN VIEW, Calif. & AMSTERDAM, The Netherlands—(BUSINESS WIRE)—Elastic N.V. (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today announced new capabilities across its Elastic Enterprise Search, Observability, and Security solutions, helping customers consume Elastic services more intuitively, onboard more data, and power deeper analysis and insights from that data.

“Our customers are looking to get the most from their data - from ingestion to analysis and visualization - and with this launch, users benefit from more enhanced usability and deeper analytics across the Elastic Enterprise Search, Observability and Security solutions”

Additionally, CEO and Chairman of Elastic Nv (30-Year Financial, Insider Trades) Shay Banon (insider trades) sold 400,000 shares of ESTC on 06/10/2020 at an average price of $82.15 a share. The total sale was $32.9 million. Elastic NV has a market cap of $6.55 billion; as of 6/19 $ESTC shares are traded at around $90 with and P/S ratio of 16.68.

HDO Media has detected 2 warning signs with Elastic NV. The most recent warning sign was Q4 earnings. After falling 7 percent AH when the guidance was disappointing, while still reporting strong Q4 results.

On June 18th, Elastic ESTC has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation.

06/18/2020 Elastic Nv (NYSE:ESTC) hires Centerview, explore a sale. - Unconfirmed. The stock’s performance in the last eight years has led management and the board, including Chairman Shay Banon, to explore a sale. The bankers are also exploring joint ventures or spinoffs as part of their mandate, according to the Insider Trades. Centerview hopes to complete the review process by the end of the summer. Elastic will later confirm the strategic review.

06/17/2020 Shopify Inc (SHOP) Unconfirmed chatter bid.

6/12/2020 Unconfirmed rumors Amarin (AMRN) is exploring a sale.

5/18/2020 Under Armour (UAA) Speculation chatter.

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03/13/2020 iRobot (IRBT)

microsoft azure elastic
06/18/2020 Elasticsearch Service is now available on Microsoft Azure in Paris

Microsoft Azure for deployment and simple management and powerful customization.


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