Splunk (NASDAQ:SPLK) had its price objective boosted by stock analysts at Goldman Sachs Group from $203.00 to $254.00 in a report released on Monday, The Fly reports. Goldman Sachs Group’s target price indicates a potential upside of 27.83% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Splunk in a research note on Tuesday, May 19th. Oppenheimer upped their price target on shares of Splunk from $145.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. JMP Securities upped their price target on shares of Splunk from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Credit Suisse Group upped their price target on shares of Splunk from $160.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, Zacks Investment Research downgraded shares of Splunk from a “hold” rating to a “sell” rating and set a $158.00 price target for the company. in a research report on Monday, May 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $184.55.
NASDAQ:SPLK opened at $198.70 on Monday. Splunk has a one year low of $93.92 and a one year high of $199.32. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market cap of $31.27 billion, a price-to-earnings ratio of -63.28 and a beta of 1.61. The firm’s fifty day moving average is $179.54 and its two-hundred day moving average is $152.28.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.01. Splunk had a negative net margin of 20.56% and a negative return on equity of 17.40%. The business had revenue of $434.08 million for the quarter, compared to analyst estimates of $443.60 million. During the same period in the prior year, the company posted $0.02 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts predict that Splunk will post -3.31 earnings per share for the current fiscal year.
In other Splunk news, CEO Douglas Merritt sold 6,563 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $130.00, for a total value of $853,190.00. Following the sale, the chief executive officer now owns 309,083 shares of the company’s stock, valued at $40,180,790. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Graham Smith sold 500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $160.00, for a total transaction of $80,000.00. Following the completion of the sale, the director now directly owns 43,179 shares in the company, valued at approximately $6,908,640. The disclosure for this sale can be found here. Insiders sold 105,832 shares of company stock worth $17,781,839 in the last ninety days. Insiders own 0.21% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. raised its position in shares of Splunk by 42.4% in the fourth quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Splunk by 2.5% during the first quarter. FinTrust Capital Advisors LLC now owns 2,785 shares of the software company’s stock worth $351,000 after purchasing an additional 67 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Splunk by 3.5% during the first quarter. Rockefeller Capital Management L.P. now owns 2,034 shares of the software company’s stock worth $257,000 after purchasing an additional 68 shares during the period. Commonwealth Equity Services LLC raised its position in Splunk by 0.8% during the first quarter. Commonwealth Equity Services LLC now owns 8,566 shares of the software company’s stock valued at $1,081,000 after acquiring an additional 68 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its position in Splunk by 16.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 494 shares of the software company’s stock valued at $74,000 after acquiring an additional 69 shares in the last quarter. 92.86% of the stock is owned by institutional investors and hedge funds.
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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