The stock of Splunk Inc (NASDAQ:SPLK) last traded at $151.54, up 0.62% from the previous session.
Data from the available sources indicates that Splunk Inc (NASDAQ:SPLK) is covered by 35 analysts. The consensus rating among analysts is ‘Hold’. 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 $150.60, this indicates a potential upside of 4.25 percent. SPLK stock price is now 2.89% away from the 50-day moving average and 34.98% away from the 200-day moving average. The market capitalization of the company currently stands at $25.54B.
In total, 30 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $146.85 as their price target over the next twelve months.
With the price target maintained at $157, Truist recently Downgraded its rating from Buy to Hold for Splunk Inc (NASDAQ: SPLK).
In other news, Morgan Scott, SVP, CLO, Global Affairs & Sec sold 4,000 shares of the company’s stock on Nov 14. The stock was sold for $604,400 at an average price of $151.10. Upon completion of the transaction, the SVP, CLO, Global Affairs & Sec now directly owns 105,535 shares in the company, valued at $15.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09, SVP, CLO, Global Affairs & Sec Morgan Scott sold 5,000 shares of the business’s stock. A total of $733,900 was realized by selling the stock at an average price of $146.78. This leaves the insider owning 109,535 shares of the company worth $16.6 million. Insiders disposed of 145,044 shares of company stock worth roughly $21.98 million over the past 1 year. A total of 8.28% of the company’s stock is owned by insiders.
With an opening price of $150.92 on Thursday morning, Splunk Inc (NASDAQ: SPLK) set off the trading day. During the past 12 months, Splunk Inc has had a low of $72.17 and a high of $152.00. As of last week, the company has a debt-to-equity ratio of 16.40, a current ratio of 1.62, and a quick ratio of 1.62. According to the stock market information, the enterprise value for the company is $27.11B, which is based on a 341.46 price-to-earnings ratio, a 13.60 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for SPLK is $147.29 and a two-hundred day moving average price translates $112.27 for the stock.
The latest earnings results from Splunk Inc (NASDAQ: SPLK) was released for Oct, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.52, beating analysts’ expectations of $1.14 by 0.38. This compares to -$0.20 EPS in the same period last year. The net profit margin was 2.66% and return on equity was -495.04% for SPLK. The company reported revenue of $1.07 billion for the quarter, compared to $929.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.8 percent. For the current quarter, analysts expect SPLK to generate $1.26B 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.
