Splunk Inc. (NASDAQ:SPLK) SVP Leonard R. Stein sold 4,851 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $67.79, for a total transaction of $328,849.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Splunk Inc. (NASDAQ SPLK) opened at 67.98 on Wednesday. The company’s market capitalization is $9.45 billion. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The firm has a 50-day moving average of $61.87 and a 200-day moving average of $61.71.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $279.96 million during the quarter, compared to analysts’ expectations of $268.72 million. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The firm’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. Equities analysts expect that Splunk Inc. will post $0.54 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. TLP Group LLC bought a new stake in Splunk during the 1st quarter worth approximately $102,000. Patten Group Inc. grew its holdings in Splunk by 3.6% during the 1st quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after acquiring an additional 75 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Splunk by 24.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after acquiring an additional 656 shares during the last quarter. ProShare Advisors LLC bought a new stake in Splunk during the 1st quarter worth approximately $200,000. Finally, IFP Advisors Inc grew its holdings in Splunk by 6.2% during the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after acquiring an additional 204 shares during the last quarter.
A number of research analysts have recently commented on SPLK shares. ValuEngine raised shares of Splunk from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group started coverage on shares of Splunk in a research report on Tuesday, September 5th. They set an “outperform” rating and a $80.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of Splunk from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 23rd. Wedbush reaffirmed an “outperform” rating and set a $78.00 price objective on shares of Splunk in a research report on Monday, May 22nd. Finally, Robert W. Baird set a $75.00 price objective on shares of Splunk and gave the company a “buy” rating in a research report on Friday, August 25th. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $72.76.
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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