Headlines about Splunk (NASDAQ:SPLK) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Splunk earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the software company an impact score of 45.9595738217733 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
Several research analysts recently issued reports on SPLK shares. Mizuho raised their target price on shares of Splunk from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Jefferies Group reaffirmed a “buy” rating and issued a $111.00 price objective on shares of Splunk in a report on Friday, March 2nd. Stifel Nicolaus raised shares of Splunk from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $120.00 in a report on Friday, March 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Splunk in a report on Wednesday, February 28th. Finally, Piper Jaffray reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Splunk in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.58.
SPLK traded down $1.42 on Friday, reaching $104.49. 1,037,700 shares of the company’s stock were exchanged, compared to its average volume of 1,841,426. The firm has a market capitalization of $15,382.80, a PE ratio of -79.76 and a beta of 1.85. Splunk has a twelve month low of $54.17 and a twelve month 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 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 analyst estimates of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.42%. Splunk’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. equities analysts anticipate that Splunk will post -1.14 EPS for the current year.
In related news, SVP Leonard R. Stein sold 10,047 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $107.89, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Merritt sold 33,734 shares of Splunk stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $98.71, for a total transaction of $3,329,883.14. Following the transaction, the insider now directly owns 318,894 shares in the company, valued at $31,478,026.74. The disclosure for this sale can be found here. Insiders have sold 163,912 shares of company stock worth $16,716,531 over the last 90 days. 1.43% of the stock is currently owned by company insiders.
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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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