In yesterday’s Wall Street session, Splunk Inc (NASDAQ:SPLK) shares traded at $145.07, up 0.44% from the previous session.
39 analysts cover Splunk Inc (NASDAQ:SPLK), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $157.00 and a low of $105.00, we find $157.00. Given the previous closing price of $144.43, this indicates a potential upside of 8.7 percent. SPLK stock price is now 31.21% away from the 50-day moving average and 47.00% away from the 200-day moving average. The market capitalization of the company currently stands at $24.33B.
The stock has received a hold rating from 27 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $144.10 as their price target over the next twelve months.
With the price target of $125, CapitalOne recently initiated with Overweight rating for Splunk Inc (NASDAQ: SPLK).
In other news, Steele Gary, President and CEO sold 9,600 shares of the company’s stock on Sep 18. The stock was sold for $1,152,768 at an average price of $120.08. Upon completion of the transaction, the President and CEO now directly owns 154,678 shares in the company, valued at $22.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, Director Steele Elisa sold 2,812 shares of the business’s stock. A total of $337,440 was realized by selling the stock at an average price of $120.00. This leaves the insider owning 11,108 shares of the company worth $1.61 million. Insiders disposed of 110,189 shares of company stock worth roughly $15.99 million over the past 1 year. A total of 8.60% 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 J. GOLDMAN & CO LP during the first quarter worth $49,626,000. SCHONFELD STRATEGIC ADVISORS LLC invested $46,466,000 in shares of SPLK during the first quarter. In the first quarter, WAFRA INC. acquired a new stake in Splunk Inc valued at approximately $25,428,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in SPLK for approximately $13,483,000. HBK INVESTMENTS L P purchased a new stake in SPLK valued at around $7,045,000 in the second quarter. In total, there are 952 active investors with 80.27% ownership of the company’s stock.
On Friday morning Splunk Inc (NASDAQ: SPLK) stock kicked off with the opening price of $144.42. During the past 12 months, Splunk Inc has had a low of $65.00 and a high of $145.81. The fifty day moving average price for SPLK is $110.57 and a two-hundred day moving average price translates $98.69 for the stock.
The latest earnings results from Splunk Inc (NASDAQ: SPLK) was released for Jul, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.71, beating analysts’ expectations of $0.45 by 0.26. This compares to -$1.30 EPS in the same period last year. The net profit margin was -0.61% and return on equity was -495.04% for SPLK. The company reported revenue of $910.59 million for the quarter, compared to $798.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.0 percent. For the current quarter, analysts expect SPLK to generate $1.03B 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.
