Northland Capital Partners Initiates Coverage on Splunk (SPLK)
Stock analysts at Northland Capital Partners started coverage on shares of Splunk (NASDAQ:SPLK) in a report issued on Tuesday, Analyst Ratings Network reports. The firm set a “market perform” rating and a $68.00 price target on the stock. Northland Capital Partners’ target price suggests a potential upside of 11.92% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Splunk (NASDAQ:SPLK) in a research note to investors on Monday. They set a “neutral” rating and a $69.00 price target on the stock. Separately, analysts at Cantor Fitzgerald initiated coverage on shares of Splunk (NASDAQ:SPLK) in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Drexel Hamilton raised their price target on shares of Splunk (NASDAQ:SPLK) to $75.00 in a research note to investors on Tuesday, September 17th.
Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Splunk presently has a consensus rating of “Buy” and a consensus price target of $59.48.
Splunk (NASDAQ:SPLK) traded down 0.94% on Tuesday, hitting $60.19. 184,696 shares of the company’s stock traded hands. Splunk has a 52-week low of $26.10 and a 52-week high of $63.34. The stock’s 50-day moving average is $54.39 and its 200-day moving average is $46.71. The company’s market cap is $6.368 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $62.97 million. During the same quarter last year, the company posted ($0.01) earnings per share. Splunk’s revenue was up 50.3% compared to the same quarter last year. On average, analysts predict that Splunk will post $-0.01 earnings per share for the current fiscal year.
In other Splunk news, SVP Leonard R. Stein sold 60,000 shares of Splunk stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $62.06, for a total value of $3,723,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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