Slow Capital Inc. reduced its position in shares of Splunk Inc (NASDAQ:SPLK) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,855 shares of the software company’s stock after selling 385 shares during the period. Slow Capital Inc.’s holdings in Splunk were worth $736,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPLK. Cable Hill Partners LLC bought a new stake in shares of Splunk during the 1st quarter worth $25,000. Manchester Financial Inc. bought a new stake in shares of Splunk during the 2nd quarter worth $29,000. Whittier Trust Co. lifted its holdings in shares of Splunk by 115.0% during the 2nd quarter. Whittier Trust Co. now owns 273 shares of the software company’s stock worth $34,000 after acquiring an additional 146 shares during the last quarter. Trustcore Financial Services LLC bought a new stake in shares of Splunk during the 1st quarter worth $37,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Splunk during the 1st quarter worth $44,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.
In other Splunk news, General Counsel Scott Morgan sold 1,328 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $115.23, for a total value of $153,025.44. Following the sale, the general counsel now owns 60,768 shares in the company, valued at $7,002,296.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Timothy Tully sold 4,624 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $115.59, for a total transaction of $534,488.16. Following the sale, the senior vice president now owns 117,261 shares in the company, valued at approximately $13,554,198.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,813 shares of company stock worth $3,676,685. Corporate insiders own 0.34% of the company’s stock.
Shares of NASDAQ SPLK traded up $3.09 during midday trading on Tuesday, hitting $132.21. 35,572 shares of the company traded hands, compared to its average volume of 1,288,293. Splunk Inc has a 12-month low of $83.69 and a 12-month high of $143.70. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $132.02. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of -83.20 and a beta of 2.02.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, May 23rd. The software company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.08). The company had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $395.92 million. Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. Splunk’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. Sell-side analysts predict that Splunk Inc will post -0.99 earnings per share for the current year.
A number of research firms have recently issued reports on SPLK. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price objective (up from $162.00) on shares of Splunk in a report on Friday, May 24th. Wedbush lifted their price objective on shares of Splunk from $159.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. ValuEngine downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Maxim Group reaffirmed a “buy” rating and set a $148.00 price objective (down from $159.00) on shares of Splunk in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $144.27.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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