The stock of Splunk Inc (NASDAQ:SPLK) last traded at $156.90, up 0.25% from the previous session.
SPLK stock price is now 1.66% away from the 50-day moving average and 17.16% away from the 200-day moving average. The market capitalization of the company currently stands at $26.44B.
With the price target maintained at $157, Truist recently Downgraded its rating from Buy to Hold for Splunk Inc (NASDAQ: SPLK). On August 09, 2023, CapitalOne recently initiated its ‘Overweight’ rating on the stock quoting a target price of $125, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Morgan Scott, SVP, CLO, Global Affairs & Sec sold 5,017 shares of the company’s stock on Jan 09 ’24. The stock was sold for $763,989 at an average price of $152.28. Upon completion of the transaction, the SVP, CLO, Global Affairs & Sec now directly owns 89,265 shares in the company, valued at $14.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, SVP, Chief Revenue Officer Smith Christian sold 1,500 shares of the business’s stock. A total of $228,165 was realized by selling the stock at an average price of $152.11. This leaves the insider owning 97,762 shares of the company worth $15.34 million. A total of 8.26% of the company’s stock is owned by insiders.
During the past 12 months, Splunk Inc has had a low of $82.19 and a high of $156.87. As of last week, the company has a debt-to-equity ratio of 4.40, a current ratio of 1.57, and a quick ratio of 1.62. According to the stock market information, the enterprise value for the company is $27.70B, which is based on a 121.97 price-to-earnings ratio, a 4.86 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for SPLK is $154.44 and a two-hundred day moving average price translates $134.21 for the stock.
The latest earnings results from Splunk Inc (NASDAQ: SPLK) was released for Jan, 2024. According to the Software – Infrastructure Company, earnings per share came in at $3.02, beating analysts’ expectations of $1.95 by 1.07. This compares to -$0.20 EPS in the same period last year. The net profit margin was 6.26% and return on equity was 83.71% 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 $874.44M in revenue.
