Splunk Lowered to “Underperform” at Credit Agricole (SPLK)
Splunk (NASDAQ:SPLK) was downgraded by Credit Agricole from an “outperform” rating to an “underperform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Wedbush raised their price target on shares of Splunk from $60.00 to $69.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Splunk from $43.00 to $60.00 in a research note to investors on Wednesday, October 2nd. They now have an “equal weight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Splunk from $62.00 to $68.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and an average target price of $61.85.
Shares of Splunk (NASDAQ:SPLK) opened at 62.95 on Monday. Splunk has a 52 week low of $26.10 and a 52 week high of $63.77. The stock’s 50-day moving average is $56.80 and its 200-day moving average is $48.05. The company’s market cap is $6.660 billion.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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.
In other Splunk news, SVP Guido Schroeder unloaded 8,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $61.11, for a total transaction of $488,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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