Elastic N.V. (ESTC) shares gained 20.02% today (2023-09-01). Is it the right time to buy?

What’s happening at Elastic N.V. (NYSE:ESTC)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 20.02% (or 12.39 points) to $74.27 from its previous close of $61.88. So is it the right moment to buy?
Read more: Elastic N.V. (ESTC) shares gained 20.02% today (2023-09-01). Is it the right time to buy?