Media coverage about Splunk (NASDAQ:SPLK) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Splunk earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the software company an impact score of 46.6031242638793 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s rankings:
Shares of Splunk (NASDAQ SPLK) opened at $88.68 on Tuesday. Splunk has a one year low of $54.17 and a one year high of $93.68. The firm has a market cap of $12,282.83, a PE ratio of -20.43 and a beta of 2.04.
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. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. The business had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. equities analysts expect that Splunk will post -1.3 earnings per share for the current fiscal year.
Several brokerages have issued reports on SPLK. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird reaffirmed an “average” rating and issued a $85.00 price target (up from $75.00) on shares of Splunk in a research note on Monday, November 20th. UBS Group set a $80.00 price target on shares of Splunk and gave the stock a “buy” rating in a research note on Friday, November 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Splunk in a research note on Friday, November 17th. Finally, BTIG Research upped their price target on shares of Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $84.29.
In related news, insider Douglas Merritt sold 10,126 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction dated 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 directly owns 89,157 shares of the company’s stock, valued at approximately $7,180,704.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,720 shares of company stock valued at $10,663,518. 1.43% of the stock is owned by corporate 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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