Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Splunk Inc (NASDAQ:SPLK) by 598.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,167 shares of the software company’s stock after purchasing an additional 1,000 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Splunk were worth $138,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in SPLK. Zions Bancorporation N.A. boosted its stake in Splunk by 37.2% in the 2nd quarter. Zions Bancorporation N.A. now owns 2,087 shares of the software company’s stock valued at $262,000 after buying an additional 566 shares in the last quarter. Spence Asset Management boosted its stake in Splunk by 3.1% in the second quarter. Spence Asset Management now owns 63,762 shares of the software company’s stock worth $8,018,000 after purchasing an additional 1,931 shares in the last quarter. Scout Investments Inc. boosted its stake in Splunk by 54.8% in the second quarter. Scout Investments Inc. now owns 600,392 shares of the software company’s stock worth $75,499,000 after purchasing an additional 212,442 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Splunk by 5.3% in the second quarter. Harbour Capital Advisors LLC now owns 16,870 shares of the software company’s stock worth $2,121,000 after purchasing an additional 853 shares in the last quarter. Finally, Heritage Investors Management Corp acquired a new position in Splunk in the second quarter worth $913,000. 91.12% of the stock is owned by institutional investors and hedge funds.
In other Splunk news, insider Ledger Susan St. sold 8,096 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $125.00, for a total value of $1,012,000.00. Following the completion of the transaction, the insider now directly owns 210,537 shares of the company’s stock, valued at $26,317,125. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy Emanuelson sold 549 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $124.94, for a total value of $68,592.06. Following the completion of the transaction, the chief accounting officer now directly owns 34,302 shares of the company’s stock, valued at $4,285,691.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,906 shares of company stock valued at $3,187,086. Insiders own 0.34% of the company’s stock.
NASDAQ SPLK traded down $6.78 on Thursday, reaching $117.94. The company had a trading volume of 108,639 shares, compared to its average volume of 1,383,257. Splunk Inc has a 52 week low of $83.69 and a 52 week high of $143.70. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.30. The stock has a market cap of $18.88 billion, a price-to-earnings ratio of -74.15 and a beta of 2.03. The stock’s 50 day moving average is $119.19 and its 200-day moving average is $123.83.
Splunk (NASDAQ:SPLK) last posted its earnings results on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.16. Splunk had a negative return on equity of 12.73% and a negative net margin of 15.16%. The firm had revenue of $516.56 million during the quarter, compared to analysts’ expectations of $488.97 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The company’s revenue was up 33.0% on a year-over-year basis. As a group, analysts forecast that Splunk Inc will post -0.88 EPS for the current year.
A number of research firms have commented on SPLK. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. BMO Capital Markets reissued an “outperform” rating and issued a $155.00 price objective on shares of Splunk in a research note on Thursday, August 22nd. Goldman Sachs Group boosted their price objective on Splunk from $131.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on Splunk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Bank of America restated a “buy” rating and set a $167.00 target price on shares of Splunk in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $148.59.
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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