Wells Fargo & Company reiterated their buy rating on shares of Splunk (NASDAQ:SPLK) in a research note issued to investors on Friday, November 17th. The brokerage currently has a $95.00 price objective on the software company’s stock.
Several other equities research analysts also recently commented on the company. Drexel Hamilton reissued a buy rating and issued a $93.00 price objective on shares of Splunk in a report on Thursday, November 16th. Jefferies Group reaffirmed a buy rating and set a $88.00 price target on shares of Splunk in a research report on Friday, November 17th. Royal Bank Of Canada reiterated a buy rating and set a $76.00 price objective on shares of Splunk in a research report on Tuesday, November 7th. Piper Jaffray Companies restated a buy rating and issued a $80.00 target price on shares of Splunk in a research note on Wednesday, November 15th. Finally, BMO Capital Markets restated a buy rating and issued a $71.00 target price on shares of Splunk in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $82.74.
Shares of Splunk (SPLK) traded up $2.44 on Friday, hitting $80.45. 1,821,516 shares of the company traded hands, compared to its average volume of 1,653,972. Splunk has a fifty-two week low of $50.64 and a fifty-two week high of $84.88.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. The company had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. research analysts forecast that Splunk will post -1.3 EPS for the current fiscal year.
In other Splunk news, insider Ledger Susan St. sold 10,316 shares of Splunk stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total transaction of $723,873.72. Following the completion of the transaction, the insider now owns 253,102 shares in the company, valued at $17,760,167.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Godfrey Sullivan sold 48,750 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $68.13, for a total value of $3,321,337.50. Following the completion of the transaction, the director now owns 699,540 shares in the company, valued at $47,659,660.20. The disclosure for this sale can be found here. Insiders have sold a total of 588,672 shares of company stock worth $39,505,760 in the last ninety days. Insiders own 1.43% of the company’s stock.
A number of hedge funds have recently bought and sold shares of SPLK. Aperio Group LLC grew its stake in shares of Splunk by 1.3% in the second quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock worth $740,000 after acquiring an additional 164 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Splunk by 0.6% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock valued at $1,709,000 after acquiring an additional 175 shares during the period. Prudential Financial Inc. raised its stake in shares of Splunk by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock valued at $406,000 after acquiring an additional 200 shares during the period. IFP Advisors Inc grew its holdings in Splunk by 6.2% during the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after acquiring an additional 204 shares in the last quarter. Finally, Seven Bridges Advisors LLC boosted its holdings in shares of Splunk by 5.1% in the 2nd quarter. Seven Bridges Advisors LLC now owns 4,284 shares of the software company’s stock valued at $244,000 after buying an additional 206 shares during the period.
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Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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