Splunk Inc (NASDAQ:SPLK) has been assigned a consensus recommendation of “Buy” from the forty-one brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $110.63.
A number of research firms have issued reports on SPLK. Jefferies Financial Group reaffirmed a “buy” rating and issued a $111.00 price objective on shares of Splunk in a research note on Friday, March 2nd. Maxim Group lifted their price objective on Splunk to $126.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. FIG Partners reaffirmed an “overweight” rating and issued a $127.00 price objective on shares of Splunk in a research note on Friday, May 25th. Stephens reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Splunk in a research note on Friday, March 2nd. Finally, Piper Jaffray Companies lifted their price objective on Splunk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, May 21st.
In related news, Director Graham Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $121.01, for a total transaction of $484,040.00. Following the transaction, the director now directly owns 53,226 shares of the company’s stock, valued at approximately $6,440,878.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Merritt sold 33,734 shares of the stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $98.71, for a total value of $3,329,883.14. Following the completion of 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. Over the last three months, insiders sold 164,059 shares of company stock valued at $17,513,570. Corporate insiders own 0.36% of the company’s stock.
Several hedge funds have recently made changes to their positions in SPLK. First Mercantile Trust Co. purchased a new stake in shares of Splunk in the first quarter worth about $100,000. Three Peaks Capital Management LLC purchased a new stake in shares of Splunk in the first quarter worth about $106,000. James Hambro & Partners purchased a new stake in shares of Splunk in the fourth quarter worth about $124,000. Neuberger Berman Group LLC purchased a new stake in shares of Splunk in the first quarter worth about $204,000. Finally, United Capital Financial Advisers LLC purchased a new stake in shares of Splunk in the first quarter worth about $224,000. 92.97% of the stock is currently owned by institutional investors and hedge funds.
SPLK traded up $0.67 on Tuesday, hitting $98.86. 151,861 shares of the company’s stock traded hands, compared to its average volume of 2,111,939. The company has a market capitalization of $13.98 billion, a PE ratio of -75.47 and a beta of 1.83. Splunk has a one year low of $55.97 and a one year high of $121.64.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, May 24th. The software company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. Splunk had a negative return on equity of 29.90% and a negative net margin of 20.72%. The business had revenue of $311.60 million for the quarter, compared to the consensus estimate of $297.58 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The company’s revenue was up 37.4% compared to the same quarter last year. equities research analysts predict that Splunk will post -1.27 EPS for the current year.
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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