ETRADE Capital Management LLC bought a new position in shares of Splunk (NASDAQ:SPLK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,597 shares of the software company’s stock, valued at approximately $215,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in Splunk during the fourth quarter worth about $102,000. James Hambro & Partners acquired a new position in Splunk during the fourth quarter worth about $124,000. Creative Planning acquired a new position in Splunk during the fourth quarter worth about $210,000. Essex Investment Management Co. LLC acquired a new position in Splunk during the fourth quarter worth about $214,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Splunk during the third quarter worth about $201,000.
Splunk stock opened at $97.46 on Friday. The company has a market cap of $14,291.02, a price-to-earnings ratio of -74.40 and a beta of 1.85. Splunk has a 52-week low of $54.17 and a 52-week high of $112.66.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $419.70 million for the quarter, compared to analysts’ expectations of $390.79 million. Splunk had a negative return on equity of 31.42% and a negative net margin of 20.39%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. sell-side analysts anticipate that Splunk will post -1.14 earnings per share for the current fiscal year.
In related news, SVP Leonard R. Stein sold 10,047 shares of the stock in a transaction on Wednesday, March 14th. The stock was 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 approximately $8,480,801.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ledger Susan St. sold 10,424 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $97.65, for a total value of $1,017,903.60. Following the completion of the transaction, the insider now owns 308,593 shares in the company, valued at $30,134,106.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,912 shares of company stock worth $16,716,531. 1.43% of the stock is owned by company insiders.
Several brokerages have commented on SPLK. ValuEngine raised Splunk from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub downgraded Splunk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 29th. Mizuho reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Splunk in a research note on Wednesday, March 28th. Wedbush reaffirmed a “neutral” rating and issued a $103.00 price objective (up previously from $101.00) on shares of Splunk in a research note on Wednesday, March 28th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Splunk in a research note on Wednesday, March 28th. Six equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.41.
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Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company's products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service.
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