Stock Traders Buy Large Volume of Splunk Call Options (SPLK)
Shares of Splunk (NASDAQ:SPLK) were the recipient of unusually large options trading on Thursday. Stock investors acquired 10,430 call options on the stock, AnalystRatings.Net reports. This represents an increase of 369% compared to the average volume of 2,224 call options.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald cut their price target on shares of Splunk from $99.00 to $83.00 in a research note on Wednesday. Separately, analysts at Cowen and Company upgraded shares of Splunk to an “outperform” rating in a research note on Monday. They now have a $55.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Splunk from $65.00 to $55.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Splunk has an average rating of “Buy” and an average target price of $71.86.
Splunk (NASDAQ:SPLK) traded down 1.33% during mid-day trading on Thursday, hitting $45.29. The stock had a trading volume of 3,703,686 shares. 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 $45.16 and a 200-day moving average of $58.94. The company’s market cap is $5.370 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 28th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.03. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $93.93 million. During the same quarter last year, the company posted ($0.01) earnings per share. Splunk’s revenue was up 51.7% compared to the same quarter last year.
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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