Splunk Inc. (NASDAQ:SPLK) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its holdings in shares of Splunk Inc. (NASDAQ:SPLK) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,431 shares of the software company’s stock after purchasing an additional 958 shares during the period. Y.D. More Investments Ltd’s holdings in Splunk were worth $2,027,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. grew its stake in Splunk by 546.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 168 shares of the software company’s stock valued at $25,000 after acquiring an additional 142 shares during the last quarter. Orion Capital Management LLC purchased a new position in Splunk in the 3rd quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new stake in shares of Splunk during the third quarter worth about $42,000. Webster Bank N. A. acquired a new position in shares of Splunk in the fourth quarter valued at approximately $44,000. Finally, First Command Advisory Services Inc. acquired a new stake in Splunk during the third quarter worth approximately $44,000. 87.56% of the stock is currently owned by institutional investors and hedge funds.

Splunk Price Performance

NASDAQ SPLK remained flat at $156.90 during trading on Wednesday. The company’s stock had a trading volume of 5,546 shares, compared to its average volume of 2,084,977. Splunk Inc. has a 52 week low of $82.19 and a 52 week high of $156.97. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 15.61. The firm has a market cap of $26.44 billion, a price-to-earnings ratio of 124.52, a P/E/G ratio of 4.42 and a beta of 1.00. The business’s 50 day moving average is $156.64 and its 200 day moving average is $153.20.

Splunk (NASDAQ:SPLK) last released its earnings results on Tuesday, February 27th. The software company reported $2.47 EPS for the quarter, beating the consensus estimate of $1.05 by $1.42. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Splunk had a net margin of 6.26% and a return on equity of 32,117.42%. On average, equities analysts expect that Splunk Inc. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on SPLK shares. StockNews.com initiated coverage on shares of Splunk in a research note on Saturday. They set a “buy” rating for the company. TheStreet raised Splunk from a “c” rating to a “b” rating in a report on Tuesday, February 27th. Twenty-three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $135.31.

About Splunk

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.