Press coverage about Splunk (NASDAQ:SPLK) has trended somewhat positive on Monday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Splunk earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines 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 immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Splunk (NASDAQ SPLK) opened at $90.01 on Monday. Splunk has a twelve month low of $54.17 and a twelve month high of $93.68. The firm has a market capitalization of $12,905.25, a PE ratio of -21.02 and a beta of 2.04.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.59. The firm had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. research analysts anticipate that Splunk will post -1.3 earnings per share for the current fiscal year.
Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $105.00 in a report on Monday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective (up from $76.00) on shares of Splunk in a report on Friday, November 17th. Needham & Company LLC assumed coverage on Splunk in a report on Monday, October 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $84.29.
In related news, CFO David F. Conte sold 6,993 shares of Splunk stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total transaction of $564,544.89. Following the completion of the transaction, the chief financial officer now directly owns 110,364 shares in the company, valued at $8,909,685.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ledger Susan St. sold 10,316 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total value of $723,873.72. Following the completion of the sale, the insider now directly owns 253,102 shares in the company, valued at $17,760,167.34. The disclosure for this sale can be found here. Over 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 company insiders.
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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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