Splunk Inc (NASDAQ:SPLK) – Stock analysts at First Analysis issued their FY2020 earnings per share (EPS) estimates for Splunk in a report issued on Friday, according to Zacks Investment Research. First Analysis analyst F. Sparacino expects that the software company will earn $1.44 per share for the year.
Several other brokerages have also recently issued reports on SPLK. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Splunk in a report on Friday, November 17th. Robert W. Baird reissued an “average” rating and issued a $85.00 price target (up from $75.00) on shares of Splunk in a report on Monday, November 20th. Barclays boosted their price target on Splunk from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Piper Jaffray Companies boosted their price target on Splunk to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $112.00 price target (up from $83.00) on shares of Splunk in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $98.26.
Shares of Splunk (NASDAQ:SPLK) traded up $2.24 during mid-day trading on Monday, reaching $108.67. The company had a trading volume of 2,114,220 shares, compared to its average volume of 1,840,538. The firm has a market capitalization of $15,263.36, a PE ratio of -58.24 and a beta of 1.95. Splunk has a 52-week low of $54.17 and a 52-week high of $109.88.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $419.70 million during the quarter, compared to analysts’ expectations of $390.79 million. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. Splunk’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share.
In other Splunk news, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $80.73, for a total transaction of $564,544.89. Following the completion of the sale, the chief financial officer now owns 110,364 shares of the company’s stock, valued at $8,909,685.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.43% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in Splunk during the third quarter valued at about $591,000. Atria Investments LLC purchased a new stake in Splunk during the fourth quarter valued at about $270,000. Motley Fool Asset Management LLC grew its position in Splunk by 8.4% during the third quarter. Motley Fool Asset Management LLC now owns 167,500 shares of the software company’s stock valued at $11,127,000 after acquiring an additional 13,000 shares during the period. Spence Asset Management purchased a new stake in Splunk during the fourth quarter valued at about $4,560,000. Finally, Advisor Group Inc. grew its position in Splunk by 51.4% during the third quarter. Advisor Group Inc. now owns 6,126 shares of the software company’s stock valued at $406,000 after acquiring an additional 2,080 shares during the period.
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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