Splunk PT Raised to $99.00 at JMP Securities (SPLK)
Stock analysts at JMP Securities increased their target price on shares of Splunk (NASDAQ:SPLK) from $70.00 to $99.00 in a report issued on Tuesday, Analyst Ratings.Net reports. JMP Securities’ price target points to a potential upside of 15.00% from the company’s current price.
In other Splunk news, SVP Thomas Schodorf sold 6,000 shares of Splunk stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $85.24, for a total value of $511,440.00. Following the completion of the transaction, the senior vice president now directly owns 267,911 shares in the company, valued at approximately $22,836,734. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other firms have also 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $74.59.
Splunk (NASDAQ:SPLK) opened at 86.09 on Tuesday. Splunk has a 52-week low of $33.78 and a 52-week high of $87.45. The stock’s 50-day moving average is $76.68 and its 200-day moving average is $64.48. The company’s market cap is $9.235 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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