Splunk (NASDAQ:SPLK) is set to release its earnings data after the market closes on Thursday, March 1st. Analysts expect Splunk to post earnings of $0.33 per share for the quarter.
Splunk (NASDAQ:SPLK) opened at $92.85 on Thursday. Splunk has a 52-week low of $54.17 and a 52-week high of $97.27. The stock has a market cap of $13,130.00, a price-to-earnings ratio of -41.64 and a beta of 2.04.
Several brokerages have issued reports on SPLK. Mizuho raised their price objective on shares of Splunk from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Splunk from a “hold” rating to a “sell” rating in a research report on Tuesday. Wedbush reissued a “neutral” rating and set a $78.00 price objective (down from $94.00) on shares of Splunk in a research report on Wednesday, February 14th. Finally, Robert W. Baird reissued an “average” rating and set a $85.00 price objective (up from $75.00) on shares of Splunk in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Splunk has an average rating of “Buy” and an average price target of $84.59.
In related news, Director Godfrey Sullivan sold 8,750 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $81.29, for a total value of $711,287.50. Following the completion of the sale, the director now owns 207,239 shares in the company, valued at $16,846,458.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total transaction of $390,699.54. Following the completion of the sale, the senior vice president now owns 89,157 shares of the company’s stock, valued at approximately $7,180,704.78. The disclosure for this sale can be found here. Insiders sold 30,720 shares of company stock valued at $2,477,118 in the last quarter. Company insiders own 1.43% of the company’s stock.
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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