SeaCrest Wealth Management LLC acquired a new stake in Splunk Inc (NASDAQ:SPLK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,227 shares of the software company’s stock, valued at approximately $102,000.
Several other hedge funds have also recently added to or reduced their stakes in SPLK. Patten Group Inc. increased its position in shares of Splunk by 1,048.8% in the third quarter. Patten Group Inc. now owns 24,746 shares of the software company’s stock valued at $143,000 after acquiring an additional 22,592 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Splunk in the third quarter valued at about $201,000. FDx Advisors Inc. purchased a new position in shares of Splunk in the third quarter valued at about $210,000. Commonwealth Equity Services Inc purchased a new position in shares of Splunk in the third quarter valued at about $210,000. Finally, Creative Planning purchased a new position in shares of Splunk in the fourth quarter valued at about $210,000.
A number of equities analysts have issued reports on the stock. Wedbush restated a “neutral” rating and issued a $78.00 price objective (down previously from $94.00) on shares of Splunk in a research report on Wednesday. Mizuho boosted their price target on shares of Splunk from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird reiterated an “average” rating and set a $85.00 price target (up previously from $75.00) on shares of Splunk in a research report on Monday, November 20th. Finally, UBS Group set a $80.00 price target on shares of Splunk and gave the company a “buy” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.59.
In other news, CFO David F. Conte sold 6,993 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total value of $564,544.89. Following the transaction, the chief financial officer now owns 110,364 shares in the company, valued at $8,909,685.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas Merritt sold 10,126 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total transaction of $810,586.30. Following the completion of the transaction, the insider now owns 189,079 shares in the company, valued at approximately $15,135,773.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,720 shares of company stock worth $2,477,118. Insiders own 1.43% of the company’s stock.
Shares of Splunk Inc (NASDAQ SPLK) opened at $92.64 on Friday. Splunk Inc has a 52 week low of $54.17 and a 52 week high of $97.27. The company has a market cap of $12,600.00, a PE ratio of -41.54 and a beta of 2.04.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.59. The firm had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. equities analysts anticipate that Splunk Inc will post -1.3 earnings per share for the current fiscal year.
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Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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