Splunk (NASDAQ:SPLK) had its price target upped by Deutsche Bank to $100.00 in a research report released on Monday morning. Deutsche Bank currently has a buy rating on the software company’s stock.
A number of other analysts have also issued reports on SPLK. Morgan Stanley lowered shares of Splunk from an overweight rating to an equal weight rating and set a $77.00 price objective on the stock. in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Splunk from a buy rating to a hold rating in a research note on Friday. Cowen restated a buy rating and issued a $72.00 price target on shares of Splunk in a research note on Thursday, September 28th. BMO Capital Markets restated a buy rating and issued a $71.00 price target on shares of Splunk in a research note on Wednesday, September 27th. Finally, Barclays upgraded shares of Splunk from an equal weight rating to an overweight rating and lifted their price target for the stock from $80.00 to $105.00 in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $84.06.
Splunk (NASDAQ SPLK) traded down $2.51 on Monday, hitting $87.13. 1,420,709 shares of the stock were exchanged, compared to its average volume of 1,529,751. The stock has a market capitalization of $12,330.00, a price-to-earnings ratio of -39.07 and a beta of 2.07. Splunk has a 12 month low of $52.89 and a 12 month high of $90.92.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. The company had revenue of $328.65 million for the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. equities analysts expect that Splunk will post -1.3 earnings per share for the current year.
In other news, insider Douglas Merritt sold 10,126 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total transaction of $810,586.30. Following the completion of the transaction, the insider now owns 189,079 shares of the company’s stock, valued at $15,135,773.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the transaction, the chief financial officer now directly owns 110,364 shares of the company’s stock, valued at approximately $8,909,685.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,036 shares of company stock valued at $14,132,192. 1.43% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SPLK. Schwab Charles Investment Management Inc. boosted its holdings in shares of Splunk by 10.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 400,069 shares of the software company’s stock valued at $22,760,000 after acquiring an additional 38,751 shares during the period. Comerica Bank lifted its holdings in Splunk by 26.3% in the second quarter. Comerica Bank now owns 8,433 shares of the software company’s stock worth $517,000 after purchasing an additional 1,754 shares during the period. Prudential Financial Inc. lifted its holdings in Splunk by 2.9% in the second quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock worth $406,000 after purchasing an additional 200 shares during the period. Franklin Resources Inc. lifted its holdings in Splunk by 45.7% in the second quarter. Franklin Resources Inc. now owns 465,805 shares of the software company’s stock worth $26,500,000 after purchasing an additional 146,000 shares during the period. Finally, Stephens Inc. AR lifted its holdings in Splunk by 2,754.2% in the second quarter. Stephens Inc. AR now owns 7,478 shares of the software company’s stock worth $425,000 after purchasing an additional 7,216 shares during the period.
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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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