Share on StockTwits

Shares of Splunk (NASDAQ:SPLK) were the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 6,839,576 shares, an increase of 37.8% from the April 15th total of 4,962,244 shares, Analyst Ratings Network reports. Approximately 6.0% of the shares of the company are short sold. Based on an average trading volume of 3,688,094 shares, the short-interest ratio is presently 1.9 days.

In other Splunk news, CFO David Conte sold 6,000 shares of Splunk stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $47.79, for a total transaction of $286,740.00. Following the completion of the sale, the chief financial officer now directly owns 107,500 shares of the company’s stock, valued at approximately $5,137,425. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SPLK has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Splunk in a research note on Thursday, May 8th. They now have a $65.00 price target on the stock, down previously from $105.00. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Splunk in a research note on Wednesday, May 7th. Finally, 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. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $84.38.

Shares of Splunk (NASDAQ:SPLK) opened at 44.07 on Wednesday. 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 $60.5 and its 200-day moving average is $71.5. The company’s market cap is $5.196 billion.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 53.2% on a year-over-year basis.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.