Splunk Inc. (NASDAQ:SPLK) shares traded 3.71% higher at $108.33 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 $104.45, this indicates a potential upside of 17.76 percent. SPLK stock price is now 5.19% away from the 50-day moving average and 17.35% away from the 200-day moving average. The market capitalization of the company currently stands at $17.57B.
It has been rated a hold by 15 analysts and a buy by 20. Brokers who have rated the stock have averaged $120.06 as their price target over the next twelve months.
In other news, Morgan Scott, SVP, CLO, Global Affairs & Sec sold 4,996 shares of the company’s stock on Jul 10. The stock was sold for $520,545 at an average price of $104.19. Upon completion of the transaction, the SVP, CLO, Global Affairs & Sec now directly owns 122,889 shares in the company, valued at $13.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, President and CEO Steele Gary sold 9,600 shares of the business’s stock. A total of $1,002,868 was realized by selling the stock at an average price of $104.47. This leaves the insider owning 167,254 shares of the company worth $18.12 million. Insiders disposed of 125,534 shares of company stock worth roughly $13.6 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 $90,456,000. ANOMALY CAPITAL MANAGEMENT, LP invested $75,643,000 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 $21,457,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in SPLK for approximately $19,544,000. WAFRA INC. purchased a new stake in SPLK valued at around $18,988,000 in the second quarter. In total, there are 952 active investors with 88.20% ownership of the company’s stock.
Splunk Inc. (NASDAQ: SPLK) opened at $105.14 on Monday. 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 $103.28 and a two-hundred day moving average price translates $92.50 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 $888.05M in revenue.
