Splunk Inc (NASDAQ:SPLK) shares reached a new 52-week high and low during trading on Thursday . The company traded as low as $121.64 and last traded at $120.32, with a volume of 69615 shares changing hands. The stock had previously closed at $118.09.
SPLK has been the subject of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $78.00 price target (down previously from $94.00) on shares of Splunk in a research report on Wednesday, February 14th. Mizuho upped their price target on Splunk from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered Splunk from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Stephens reissued a “buy” rating on shares of Splunk in a research report on Friday, February 23rd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $105.00 target price on shares of Splunk in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.71.
The company has a market cap of $16.98 billion, a P/E ratio of -91.22 and a beta of 1.83.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, May 24th. The software company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. Splunk had a negative return on equity of 33.11% and a negative net margin of 20.72%. The business had revenue of $311.60 million for the quarter, compared to the consensus estimate of $297.58 million. During the same period last year, the business posted ($0.01) EPS. The company’s revenue was up 37.4% compared to the same quarter last year. sell-side analysts expect that Splunk Inc will post -1.27 earnings per share for the current fiscal year.
In other Splunk news, insider Ledger Susan St. sold 10,424 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $97.65, for a total transaction of $1,017,903.60. Following the sale, the insider now directly owns 308,593 shares in the company, valued at approximately $30,134,106.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas Merritt sold 33,734 shares of the stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $98.71, for a total value of $3,329,883.14. Following the sale, the insider now owns 318,894 shares in the company, valued at $31,478,026.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,059 shares of company stock worth $17,029,530. Company insiders own 0.36% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of SPLK. Aperio Group LLC boosted its stake in Splunk by 14.6% during the 4th quarter. Aperio Group LLC now owns 14,796 shares of the software company’s stock valued at $1,226,000 after purchasing an additional 1,884 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Splunk during the 4th quarter valued at $102,000. Teacher Retirement System of Texas lifted its holdings in shares of Splunk by 234.7% during the 4th quarter. Teacher Retirement System of Texas now owns 37,614 shares of the software company’s stock valued at $3,116,000 after buying an additional 26,377 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Splunk by 5.4% during the 4th quarter. California Public Employees Retirement System now owns 236,333 shares of the software company’s stock valued at $19,578,000 after buying an additional 12,143 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of Splunk by 24.4% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 105,943 shares of the software company’s stock valued at $8,776,000 after buying an additional 20,779 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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