Headlines about Splunk (NASDAQ:SPLK) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Splunk earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media coverage about the software company an impact score of 45.4731013788009 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Splunk from a “buy” rating to a “hold” rating in a research note on Friday. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $105.00 in a research note on Monday, January 8th. Robert W. Baird lifted their price objective on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Citigroup reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Splunk in a research note on Monday, November 27th. Finally, Bank of America lifted their price objective on Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $83.62.
Splunk (NASDAQ SPLK) traded up $0.19 during midday trading on Friday, hitting $89.64. The stock had a trading volume of 1,407,471 shares, compared to its average volume of 1,580,000. The company has a market cap of $12,680.00, a P/E ratio of -40.20 and a beta of 2.07. Splunk has a 52-week low of $52.89 and a 52-week high of $90.69.
Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. The firm had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. equities analysts forecast that Splunk will post -1.3 earnings per share for the current fiscal year.
In related news, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $80.54, for a total transaction of $390,699.54. Following the completion of the transaction, the senior vice president now owns 89,157 shares in the company, valued at approximately $7,180,704.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $81.29, for a total value of $711,287.50. Following the transaction, the director now owns 207,239 shares of the company’s stock, valued at approximately $16,846,458.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,036 shares of company stock worth $14,132,192. Corporate insiders own 1.43% of the company’s stock.
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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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