Splunk Upgraded by UBS AG to Buy (SPLK)
Splunk (NASDAQ:SPLK) was upgraded by equities research analysts at UBS AG from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
In other Splunk news, Director Nicholas G. Sturiale sold 6,250 shares of Splunk stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $71.10, for a total value of $444,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer initiated coverage on shares of Splunk in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $80.00 price target on the stock. Separately, analysts at FBN Securities raised their price target on shares of Splunk from $65.00 to $75.00 in a research note to investors on Friday, November 22nd. Finally, analysts at Susquehanna raised their price target on shares of Splunk from $67.00 to $74.00 in a research note to investors on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $68.95.
Splunk (NASDAQ:SPLK) traded up 6.51% during mid-day trading on Tuesday, hitting $75.39. 2,622,538 shares of the company’s stock traded hands. Splunk has a one year low of $28.25 and a one year high of $74.97. The stock’s 50-day moving average is $69.05 and its 200-day moving average is $58.69. The company’s market cap is $8.087 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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