Several other research firms also recently weighed in on SPLK. Morgan Stanley set a CHF 104 price target on Nestlé and gave the stock a “buy” rating in a research note on Tuesday, March 19th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Foot Locker in a research note on Friday, May 24th. Mitsubishi UFJ Financial Group increased their price target on Splunk to $159.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Finally, Maxim Group reiterated a “buy” rating and set a $148.00 price target (down previously from $159.00) on shares of Splunk in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $144.27.
Shares of Splunk stock opened at $136.82 on Friday. Splunk has a 1 year low of $83.69 and a 1 year high of $143.70. The stock has a market cap of $20.64 billion, a price-to-earnings ratio of -86.05 and a beta of 2.06. The company’s fifty day simple moving average is $121.41. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.08). The firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $395.92 million. Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The firm’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. As a group, equities analysts forecast that Splunk will post -0.99 EPS for the current fiscal year.
In other news, SVP Timothy Tully sold 4,624 shares of Splunk stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.59, for a total transaction of $534,488.16. Following the completion of the sale, the senior vice president now owns 117,261 shares in the company, valued at approximately $13,554,198.99. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Merritt sold 13,342 shares of Splunk stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $115.21, for a total value of $1,537,131.82. Following the sale, the chief executive officer now owns 296,211 shares of the company’s stock, valued at approximately $34,126,469.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,813 shares of company stock valued at $3,676,685. Corporate insiders own 0.34% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SPLK. Norges Bank bought a new stake in shares of Splunk during the 4th quarter valued at about $210,940,000. Pictet Asset Management Ltd. boosted its position in shares of Splunk by 28.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,598,685 shares of the software company’s stock valued at $323,796,000 after acquiring an additional 582,919 shares during the last quarter. FIL Ltd boosted its position in shares of Splunk by 137.0% during the 1st quarter. FIL Ltd now owns 762,619 shares of the software company’s stock valued at $95,023,000 after acquiring an additional 440,879 shares during the last quarter. BlackRock Inc. boosted its position in shares of Splunk by 5.1% during the 1st quarter. BlackRock Inc. now owns 8,494,532 shares of the software company’s stock valued at $1,058,421,000 after acquiring an additional 408,840 shares during the last quarter. Finally, Carillon Tower Advisers Inc. boosted its position in shares of Splunk by 48.6% during the 1st quarter. Carillon Tower Advisers Inc. now owns 929,339 shares of the software company’s stock valued at $115,795,000 after acquiring an additional 303,809 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.
Splunk Company Profile
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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