Splunk Inc (NASDAQ:SPLK) SVP Leonard R. Stein sold 10,047 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $107.89, for a total value of $1,083,970.83. Following the transaction, the senior vice president now directly owns 78,606 shares in the company, valued at $8,480,801.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Splunk Inc (NASDAQ SPLK) opened at $106.82 on Friday. Splunk Inc has a 1-year low of $54.17 and a 1-year high of $109.88. The company has a market cap of $15,372.28, a PE ratio of -57.12 and a beta of 1.95.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. The business had revenue of $419.70 million during the quarter, compared to analyst estimates of $390.79 million. During the same period last year, the business posted $0.25 earnings per share. Splunk’s quarterly revenue was up 37.0% compared to the same quarter last year. analysts forecast that Splunk Inc will post -1.21 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Splunk by 4.2% in the fourth quarter. BlackRock Inc. now owns 7,517,442 shares of the software company’s stock worth $622,742,000 after buying an additional 302,410 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Splunk by 6.0% during the fourth quarter. Clearbridge Investments LLC now owns 4,638,701 shares of the software company’s stock valued at $384,270,000 after purchasing an additional 263,130 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Splunk by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock valued at $308,053,000 after purchasing an additional 389,565 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Splunk by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 4,196,508 shares of the software company’s stock valued at $278,773,000 after purchasing an additional 254,505 shares during the last quarter. Finally, Carmignac Gestion purchased a new position in shares of Splunk during the third quarter valued at approximately $198,193,000.
A number of brokerages have recently issued reports on SPLK. Piper Jaffray Companies reaffirmed a “buy” rating and set a $105.00 price objective on shares of Splunk in a research note on Tuesday, February 27th. Jefferies Group reaffirmed a “buy” rating and set a $111.00 price objective on shares of Splunk in a research note on Friday, March 2nd. Stephens reaffirmed a “buy” rating and set a $115.00 price objective on shares of Splunk in a research note on Friday, March 2nd. Wells Fargo reaffirmed a “buy” rating and set a $95.00 price objective on shares of Splunk in a research note on Friday, November 17th. Finally, Stifel Nicolaus raised Splunk from a “hold” rating to a “buy” rating and raised their price objective for the company from $75.00 to $120.00 in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Splunk has a consensus rating of “Buy” and an average price target of $98.26.
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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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