Splunk Inc (NASDAQ:SPLK) Director Graham Smith sold 10,000 shares of Splunk stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $107.05, for a total value of $1,070,500.00. Following the completion of the transaction, the director now directly owns 58,836 shares of the company’s stock, valued at approximately $6,298,393.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Splunk Inc (NASDAQ SPLK) opened at $106.83 on Tuesday. The stock has a market capitalization of $15,110.59, a P/E ratio of -57.13 and a beta of 1.95. Splunk Inc has a 52 week low of $54.17 and a 52 week high of $109.88.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The company had revenue of $419.70 million during the quarter, compared to the consensus estimate of $390.79 million. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. equities analysts expect that Splunk Inc will post -1.21 EPS for the current year.
A number of hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. bought a new position in Splunk in the 4th quarter worth approximately $456,000. Xact Kapitalforvaltning AB boosted its stake in Splunk by 16.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 21,869 shares of the software company’s stock worth $1,812,000 after purchasing an additional 3,065 shares during the period. Envestnet Asset Management Inc. boosted its stake in Splunk by 7.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,473 shares of the software company’s stock worth $866,000 after purchasing an additional 698 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Splunk by 126.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 148,242 shares of the software company’s stock worth $12,280,000 after purchasing an additional 82,707 shares during the period. Finally, Slow Capital Inc. bought a new position in Splunk in the 4th quarter worth approximately $651,000.
SPLK has been the subject of several recent analyst reports. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Robert W. Baird lifted their price target on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Barclays raised 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 report on Monday, January 8th. Morgan Stanley set a $100.00 price target on Splunk and gave the stock a “hold” rating in a research report on Friday, March 2nd. Finally, Argus raised Splunk from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Splunk presently has a consensus rating of “Buy” and a consensus 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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