KBC Group NV cut its stake in shares of Splunk (NASDAQ:SPLK) by 19.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,970 shares of the software company’s stock after selling 30,868 shares during the quarter. KBC Group NV owned 0.09% of Splunk worth $12,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in Splunk during the 1st quarter valued at about $100,000. SeaCrest Wealth Management LLC bought a new position in Splunk during the 4th quarter valued at approximately $102,000. James Hambro & Partners bought a new position in Splunk during the 4th quarter valued at approximately $124,000. Neuberger Berman Group LLC bought a new position in Splunk during the 1st quarter valued at approximately $204,000. Finally, MANA Advisors LLC bought a new position in Splunk during the 4th quarter valued at approximately $208,000. Institutional investors own 93.40% of the company’s stock.
In related news, SVP Leonard R. Stein sold 10,047 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $107.89, for a total transaction of $1,083,970.83. Following the completion of the transaction, the senior vice president now owns 78,606 shares of the company’s stock, valued at approximately $8,480,801.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Leonard R. Stein sold 8,434 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $98.78, for a total value of $833,110.52. Following the transaction, the senior vice president now directly owns 125,768 shares of the company’s stock, valued at approximately $12,423,363.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,912 shares of company stock valued at $16,716,531. 0.36% of the stock is owned by corporate insiders.
Shares of Splunk opened at $116.64 on Thursday, MarketBeat.com reports. Splunk has a 52-week low of $54.17 and a 52-week high of $119.00. The company has a market capitalization of $16.58 billion, a PE ratio of -89.04 and a beta of 1.85.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.42% and a negative net margin of 20.39%. The firm had revenue of $419.70 million during the quarter, compared to analyst estimates of $390.79 million. During the same quarter in the prior year, the company earned $0.25 EPS. The business’s revenue was up 37.0% compared to the same quarter last year. research analysts expect that Splunk will post -1.14 earnings per share for the current fiscal year.
SPLK has been the subject of a number of recent analyst reports. BidaskClub raised Splunk from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Wedbush reaffirmed a “neutral” rating and set a $78.00 price target (down previously from $94.00) on shares of Splunk in a research report on Wednesday, February 14th. Mizuho upped their price target on Splunk from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered Splunk from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Stephens reaffirmed a “buy” rating on shares of Splunk in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $102.56.
Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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