Splunk Reaches New 1-Year High at $86.23 (SPLK)
Splunk (NASDAQ:SPLK)’s share price hit a new 52-week high during trading on Thursday , American Banking and Market News reports. The company traded as high as $86.23 and last traded at $86.10, with a volume of 934,525 shares. The stock had previously closed at $83.04.
A number of research firms have recently commented on SPLK. Analysts at FBR Capital Markets raised their price target on shares of Splunk from $80.00 to $100.00 in a research note on Monday, January 27th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Splunk in a research note on Wednesday, January 22nd. They set a “buy” rating and a $95.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Splunk from $72.00 to $90.00 in a research note on Friday, January 17th. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and a consensus price target of $72.77.
The stock’s 50-day moving average is $75.92 and its 200-day moving average is $64.06. The company’s market cap is $9.257 billion.
In other Splunk news, Director Nicholas Sturiale sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $77.60, for a total value of $485,000.00. Following the transaction, the director now directly owns 4,565 shares in the company, valued at approximately $354,244. The sale was disclosed in a document filed with the SEC, which is available at this link.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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