Splunk Sees Significant Increase in Short Interest (SPLK)
Shares of Splunk (NASDAQ:SPLK) were the recipient of a significant growth in short interest in June. As of June 13th, there was short interest totalling 6,801,064 shares, a growth of 28.5% from the May 30th total of 5,292,588 shares, ARN reports. Currently, 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,674,164 shares, the short-interest ratio is currently 1.9 days.
In other Splunk news, SVP Guido Schroeder sold 10,000 shares of Splunk stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $50.00, for a total value of $500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SPLK has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Splunk in a research note on Monday, June 2nd. They set a “neutral” rating and a $46.00 price target on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Splunk from $95.00 to $77.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Splunk from $110.00 to $74.00 in a research note on Friday, May 30th. They now have a “positive” rating on the stock. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.98.
Shares of Splunk (NASDAQ:SPLK) opened at 54.58 on Monday. Splunk has a 1-year low of $39.35 and a 1-year high of $106.15. The stock has a 50-day moving average of $46.74 and a 200-day moving average of $67.10. The company’s market cap is $6.471 billion.
Splunk (NASDAQ:SPLK) last released its earnings data on Thursday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $80.74 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 50.2% on a year-over-year basis.
Splunk Inc provides software products. The Company’s products enable users to collect, index, and search, explore, monitor and analyze data regardless of format or source.
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