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Splunk (NASDAQ:SPLK)‘s stock had its “buy” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Wednesday, ARN reports.

Shares of Splunk (NASDAQ:SPLK) traded down 6.26% during mid-day trading on Wednesday, hitting $48.51. 8,381,605 shares of the company’s stock traded hands. Splunk has a 52-week low of $41.29 and a 52-week high of $106.15. The stock’s 50-day moving average is $66.12 and its 200-day moving average is $72.12. The company’s market cap is $5.719 billion.

Splunk (NASDAQ:SPLK) last released its earnings data on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.02. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $90.36 million. During the same quarter last year, the company posted $0.03 earnings per share. Splunk’s revenue was up 53.2% compared to the same quarter last year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Splunk from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $56.50 price target on the stock. Separately, analysts at Credit Agricole upgraded shares of Splunk from an “outperform” rating to a “buy” rating in a research note on Thursday, April 17th. They now have a $80.00 price target on the stock. Finally, analysts at Credit Agricole upgraded shares of Splunk from an “underperform” rating to an “outperform” rating in a research note on Thursday, April 3rd. They now have a $80.00 price target on the stock, down previously from $100.00. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $85.98.

In other Splunk news, SVP Thomas E. Schodorf unloaded 2,800 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $53.76, for a total value of $150,528.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Splunk Inc (NASDAQ:SPLK) provides a software platform.

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