Splunk Inc (NASDAQ:SPLK) has received an average rating of “Buy” from the thirty-four brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $146.01.
SPLK has been the subject of a number of research reports. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Wedbush set a $79.00 target price on shares of Aimmune Therapeutics and gave the stock a “buy” rating in a report on Friday, May 24th. Morgan Stanley set a CHF 104 target price on shares of Nestlé and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Guggenheim reissued a “buy” rating and issued a $60.00 target price on shares of Foot Locker in a report on Friday, May 24th.
SPLK traded down $0.60 on Friday, hitting $136.82. 1,746,159 shares of the stock were exchanged, compared to its average volume of 1,368,256. Splunk has a 12 month low of $83.69 and a 12 month high of $143.70. The company has a 50-day moving average of $121.41. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $20.64 billion, a price-to-earnings ratio of -86.05 and a beta of 2.06.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.08). Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $395.92 million. During the same period in the prior year, the company earned ($0.07) EPS. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, equities analysts expect that Splunk will post -0.99 earnings per share for the current year.
In other news, CEO Douglas Merritt sold 13,342 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $115.21, for a total value of $1,537,131.82. Following the completion of the transaction, the chief executive officer now owns 296,211 shares of the company’s stock, valued at $34,126,469.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Tully sold 4,624 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $115.59, for a total value of $534,488.16. Following the completion of the transaction, the senior vice president now directly owns 117,261 shares of the company’s stock, valued at approximately $13,554,198.99. The disclosure for this sale can be found here. Insiders sold 31,813 shares of company stock valued at $3,676,685 in the last ninety days. 0.34% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Cable Hill Partners LLC acquired a new stake in Splunk during the 1st quarter valued at approximately $25,000. Berman Capital Advisors LLC acquired a new stake in Splunk during the 4th quarter valued at approximately $29,000. Bessemer Group Inc. increased its position in Splunk by 192.2% during the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Trustcore Financial Services LLC acquired a new stake in Splunk during the 1st quarter valued at approximately $37,000. Finally, Icon Wealth Partners LLC acquired a new stake in Splunk during the 1st quarter valued at approximately $44,000. 91.86% of the stock is owned by institutional investors and hedge funds.
Splunk Company Profile
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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