Elastic N.V. (ESTC) shares gained 37.13% today (2023-12-01). 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 37.13% (or 29.84 points) to $110.20 from its previous close of $80.36. So is it the right moment to buy?
Read more: Elastic N.V. (ESTC) shares gained 37.13% today (2023-12-01). Is it the right time to buy?