Splunk Receives New Coverage from Analysts at William Blair (SPLK)
Analysts at William Blair assumed coverage on shares of Splunk (NASDAQ:SPLK) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
In other Splunk news, SVP Guido Schroeder sold 8,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $61.11, for a total transaction of $488,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on SPLK. Analysts at JPMorgan Chase & Co. set a $72.00 price target on shares of Splunk in a research note to investors on Tuesday. Separately, analysts at Credit Agricole downgraded shares of Splunk from an “outperform” rating to an “underperform” rating in a research note to investors on Monday. Finally, 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, October 3rd. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.60.
Splunk (NASDAQ:SPLK) traded down 5.20% on Tuesday, hitting $56.92. The stock had a trading volume of 3,191,044 shares. Splunk has a 52 week low of $26.10 and a 52 week high of $63.77. The stock has a 50-day moving average of $57.09 and a 200-day moving average of $48.35. The company’s market cap is $6.022 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ 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.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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