Equities research analysts expect Splunk Inc (NASDAQ:SPLK) to announce earnings of ($0.30) per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Splunk’s earnings, with estimates ranging from ($0.43) to ($0.11). Splunk posted earnings per share of $0.30 in the same quarter last year, which suggests a negative year over year growth rate of 200%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 19th.
On average, analysts expect that Splunk will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.73) to $0.18. For the next year, analysts anticipate that the company will post earnings of $0.88 per share, with EPS estimates ranging from $0.05 to $1.58. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Splunk.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.01. The company had revenue of $434.08 million for the quarter, compared to the consensus estimate of $443.60 million. Splunk had a negative return on equity of 17.40% and a negative net margin of 20.56%. Splunk’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 earnings per share.
Several equities analysts have recently weighed in on SPLK shares. DA Davidson raised their target price on Splunk from $120.00 to $190.00 in a research report on Friday, May 22nd. JMP Securities raised their target price on Splunk from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Bank of America raised their target price on Splunk from $208.00 to $249.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Zacks Investment Research downgraded Splunk from a “hold” rating to a “sell” rating and set a $158.00 target price on the stock. in a research report on Monday, May 11th. Finally, ValuEngine downgraded Splunk from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $184.55.
In other news, insider Ledger Susan St. sold 18,739 shares of Splunk stock in a transaction on Friday, June 12th. The stock was sold at an average price of $178.88, for a total value of $3,352,032.32. Following the completion of the sale, the insider now directly owns 208,570 shares of the company’s stock, valued at $37,309,001.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Timothy Emanuelson sold 324 shares of Splunk stock in a transaction on Monday, April 13th. The shares were sold at an average price of $123.84, for a total value of $40,124.16. Following the completion of the sale, the chief accounting officer now directly owns 26,090 shares of the company’s stock, valued at $3,230,985.60. The disclosure for this sale can be found here. Insiders sold 105,832 shares of company stock valued at $17,781,839 over the last ninety days. Insiders own 0.34% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SPLK. Victory Capital Management Inc. grew its stake in Splunk by 64.8% during the 4th quarter. Victory Capital Management Inc. now owns 107,033 shares of the software company’s stock worth $16,030,000 after purchasing an additional 42,084 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Splunk during the 4th quarter worth $62,000. Chicago Equity Partners LLC grew its stake in Splunk by 12.4% during the 4th quarter. Chicago Equity Partners LLC now owns 8,085 shares of the software company’s stock worth $1,211,000 after purchasing an additional 895 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Splunk during the 4th quarter worth $1,738,000. Finally, Piedmont Investment Advisors Inc. grew its stake in Splunk by 4.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 11,602 shares of the software company’s stock worth $1,738,000 after purchasing an additional 482 shares in the last quarter. 92.86% of the stock is owned by institutional investors and hedge funds.
SPLK stock traded down $3.70 during mid-day trading on Tuesday, reaching $199.91. 2,053,127 shares of the company’s stock were exchanged, compared to its average volume of 1,737,998. The company has a market cap of $31.76 billion, a price-to-earnings ratio of -63.67 and a beta of 1.63. The stock’s 50 day moving average is $182.37 and its 200 day moving average is $153.14. Splunk has a 12-month low of $93.92 and a 12-month high of $204.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.27 and a quick ratio of 2.27.
Splunk Company Profile
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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