Splunk Inc (NASDAQ:SPLK)’s share price was up 6.8% during trading on Tuesday . The company traded as high as $125.37 and last traded at $121.10, approximately 2,297,902 shares were traded during trading. An increase of 12% from the average daily volume of 2,057,482 shares. The stock had previously closed at $113.44.
A number of equities analysts have recently commented on SPLK shares. First Analysis downgraded Splunk from an “outperform” rating to a “neutral” rating and set a $157.00 price objective for the company. in a research report on Tuesday, January 14th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $200.00 price target on shares of Splunk in a report on Thursday, March 5th. Cowen upped their price target on Splunk from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Goldman Sachs Group raised Splunk from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $180.00 in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. upped their price target on Splunk from $152.00 to $174.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $168.41.
The company has a debt-to-equity ratio of 1.06, a current ratio of 2.33 and a quick ratio of 2.33. The stock has a 50 day simple moving average of $145.20 and a two-hundred day simple moving average of $137.41. The company has a market cap of $17.69 billion, a PE ratio of -54.48 and a beta of 1.77.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Wednesday, March 4th. The software company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.01). Splunk had a negative net margin of 14.27% and a negative return on equity of 11.56%. The firm had revenue of $791.18 million during the quarter, compared to analysts’ expectations of $783.34 million. During the same quarter in the prior year, the firm posted $0.93 EPS. Splunk’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts anticipate that Splunk Inc will post -3.05 EPS for the current fiscal year.
In other news, CAO Timothy Emanuelson sold 484 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $115.08, for a total transaction of $55,698.72. Following the completion of the sale, the chief accounting officer now owns 26,898 shares in the company, valued at $3,095,421.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy Tully sold 6,580 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $121.80, for a total value of $801,444.00. Following the sale, the senior vice president now owns 88,417 shares of the company’s stock, valued at approximately $10,769,190.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,724 shares of company stock valued at $5,022,030. 0.34% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its position in Splunk by 553.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 196 shares of the software company’s stock worth $29,000 after acquiring an additional 166 shares in the last quarter. Meeder Asset Management Inc. raised its position in Splunk by 42.4% in the fourth quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock worth $30,000 after acquiring an additional 59 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in Splunk in the fourth quarter worth $35,000. Citizens Financial Group Inc RI raised its position in Splunk by 645.8% in the fourth quarter. Citizens Financial Group Inc RI now owns 358 shares of the software company’s stock worth $53,000 after acquiring an additional 310 shares in the last quarter. Finally, Regal Wealth Group Inc. purchased a new position in Splunk in the fourth quarter worth $55,000. Institutional investors and hedge funds own 94.26% of the company’s stock.
Splunk Company Profile (NASDAQ:SPLK)
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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