Splunk Inc. (NASDAQ:SPLK) shares traded 0.07% higher at $104.48 on Wall Street last session.
In accordance with the data, 40 analysts cover Splunk Inc. (NASDAQ:SPLK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $86.00, we find $123.00. Given the previous closing price of $104.41, this indicates a potential upside of 17.8 percent. SPLK stock price is now 7.89% away from the 50-day moving average and 15.60% away from the 200-day moving average. The market capitalization of the company currently stands at $17.30B.
It has been rated a hold by 15 analysts and a buy by 20. Brokers who have rated the stock have averaged $119.55 as their price target over the next twelve months.
In other news, Smith Christian, SVP, Chief Revenue Officer sold 1,500 shares of the company’s stock on Jul 03. The stock was sold for $158,460 at an average price of $105.64. Upon completion of the transaction, the SVP, Chief Revenue Officer now directly owns 109,453 shares in the company, valued at $11.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03, Director Steele Elisa sold 288 shares of the business’s stock. A total of $30,424 was realized by selling the stock at an average price of $105.64. This leaves the insider owning 16,970 shares of the company worth $1.77 million. Insiders disposed of 77,055 shares of company stock worth roughly $8.05 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPLK stock. A new stake in Splunk Inc. shares was purchased by JERICHO CAPITAL ASSET MANAGEMENT L.P. during the first quarter worth $87,241,000. ANOMALY CAPITAL MANAGEMENT, LP invested $72,955,000 in shares of SPLK during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Splunk Inc. valued at approximately $20,695,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in SPLK for approximately $18,849,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC purchased a new stake in SPLK valued at around $16,717,000 in the second quarter. In total, there are 935 active investors with 88.20% ownership of the company’s stock.
During the past 12 months, Splunk Inc. has had a low of $65.00 and a high of $116.84. The fifty day moving average price for SPLK is $97.20 and a two-hundred day moving average price translates $90.46 for the stock.
The latest earnings results from Splunk Inc. (NASDAQ: SPLK) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.18, beating analysts’ expectations of -$0.13 by 0.31. This compares to -$1.90 EPS in the same period last year. The net profit margin was -4.60% and return on equity was 44.70% for SPLK. The company reported revenue of $751.51 million for the quarter, compared to $674.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.49 percent. For the current quarter, analysts expect SPLK to generate $887.67M in revenue.
Splunk Inc.(SPLK) Company Profile
Splunk Inc., together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization’s digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience. It also provides application programming interfaces, software development kits, and other interfaces that enables its network of third-party developers, partners, and customers to build content, including pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible user interface components, custom data visualizations, and integration actions and methods that configures and extends its solutions to accommodate specific use cases. In addition, the company offers adoption and implementation, education, and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.
