Splunk Now Covered by Analysts at Atlantic Securities (SPLK)
Atlantic Securities started coverage on shares of Splunk (NASDAQ:SPLK) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays downgraded shares of Splunk from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday. They now have a $72.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG upgraded shares of Splunk from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Splunk has an average rating of “Buy” and a consensus target price of $68.95.
Splunk (NASDAQ:SPLK) traded down 2.57% during mid-day trading on Monday, hitting $73.31. 875,501 shares of the company’s stock traded hands. Splunk has a one year low of $31.00 and a one year high of $76.99. The stock’s 50-day moving average is $70.62 and its 200-day moving average is $59.77. The company’s market cap is $7.864 billion.
In other Splunk news, Director Thomas Neustaetter unloaded 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $75.47, for a total transaction of $113,205.00. Following the completion of the sale, the director now directly owns 74,603 shares of the company’s stock, valued at approximately $5,630,288. The sale 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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