• The company’s core search technology is almost a general purpose technology with exploding use cases, at least in part fired by a large open source community of users.
• The company seems to have struck a perfect balance between open source and in-house development, creating a bit of a virtuous cycle.
• The shares are priced in the stratosphere with lockup expiration still ahead.

Source: Elastic Is A Unique Company With A Unique Valuation – Elastic (NYSE:ESTC) | Seeking Alpha