Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Splunk Inc (NASDAQ:SPLK) by 17.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,304 shares of the software company’s stock after acquiring an additional 1,375 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Splunk were worth $914,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. bought a new position in shares of Splunk during the 1st quarter worth $100,000. Three Peaks Capital Management LLC purchased a new stake in Splunk during the 1st quarter worth about $106,000. Neuberger Berman Group LLC purchased a new stake in Splunk during the 1st quarter worth about $204,000. MANA Advisors LLC purchased a new stake in Splunk during the 4th quarter worth about $208,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Splunk during the 1st quarter worth about $214,000. Institutional investors own 92.97% of the company’s stock.
Shares of NASDAQ SPLK opened at $99.11 on Monday. The stock has a market cap of $14.37 billion, a P/E ratio of -75.66 and a beta of 1.83. Splunk Inc has a 1-year low of $55.97 and a 1-year high of $121.64.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, May 24th. The software company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. The company had revenue of $311.60 million for the quarter, compared to analysts’ expectations of $297.58 million. Splunk had a negative return on equity of 29.90% and a negative net margin of 20.72%. Splunk’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) EPS. research analysts anticipate that Splunk Inc will post -1.27 earnings per share for the current year.
In related news, CFO David F. Conte sold 20,199 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $97.88, for a total transaction of $1,977,078.12. Following the transaction, the chief financial officer now directly owns 168,243 shares of the company’s stock, valued at approximately $16,467,624.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas Merritt sold 16,677 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $97.66, for a total value of $1,628,675.82. Following the transaction, the chief executive officer now directly owns 318,894 shares in the company, valued at $31,143,188.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,059 shares of company stock worth $17,513,570. 0.36% of the stock is currently owned by insiders.
A number of analysts recently issued reports on the company. BidaskClub cut Splunk from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 23rd. Citigroup cut Splunk from a “neutral” rating to a “sell” rating in a report on Friday, June 15th. Wedbush reissued an “equal weight” rating and set a $124.00 price objective on shares of Splunk in a report on Friday, May 25th. Deutsche Bank increased their price objective on Splunk from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Finally, Bank of America increased their price objective on Splunk from $124.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. Splunk has a consensus rating of “Buy” and a consensus price target of $108.71.
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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