Shares of Splunk Inc (NASDAQ:SPLK) reached a new 52-week high on Tuesday . The company traded as high as $110.01 and last traded at $110.01, with a volume of 2394640 shares traded. The stock had previously closed at $106.83.
SPLK has been the subject of a number of recent research reports. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Robert W. Baird raised their price target on Splunk from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $105.00 in a report on Monday, January 8th. Morgan Stanley set a $100.00 price target on Splunk and gave the company a “hold” rating in a report on Friday, March 2nd. Finally, Argus raised Splunk from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. They noted that the move was a valuation call. One 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of $98.26.
The stock has a market cap of $15,112.00, a PE ratio of -58.22 and a beta of 1.95.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $419.70 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. analysts expect that Splunk Inc will post -1.21 EPS for the current fiscal year.
In other Splunk news, Director Graham Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $107.05, for a total transaction of $1,070,500.00. Following the completion of the transaction, the director now owns 58,836 shares of the company’s stock, valued at $6,298,393.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David F. Conte sold 12,969 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $107.62, for a total value of $1,395,723.78. Following the transaction, the chief financial officer now directly owns 106,582 shares of the company’s stock, valued at approximately $11,470,354.84. The disclosure for this sale can be found here. Insiders have sold 70,279 shares of company stock valued at $7,522,627 in the last three months. 1.43% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new stake in shares of Splunk during the fourth quarter worth $102,000. James Hambro & Partners acquired a new stake in shares of Splunk during the fourth quarter worth $124,000. MANA Advisors LLC acquired a new stake in shares of Splunk during the fourth quarter worth $208,000. Creative Planning acquired a new stake in shares of Splunk during the fourth quarter worth $210,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Splunk during the fourth quarter worth $214,000.
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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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