A number of firms have modified their ratings and price targets on shares of Splunk (NASDAQ: SPLK) recently:

  • 11/21/2017 – Splunk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “
  • 11/20/2017 – Splunk had its “average” rating reaffirmed by analysts at Robert W. Baird. They now have a $85.00 price target on the stock, up previously from $75.00.
  • 11/20/2017 – Splunk had its price target raised by analysts at Citigroup Inc. from $70.00 to $73.00. They now have a “neutral” rating on the stock.
  • 11/17/2017 – Splunk had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $88.00 price target on the stock.
  • 11/17/2017 – Splunk had its “buy” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $95.00 price target on the stock.
  • 11/17/2017 – Splunk was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $90.00 price target on the stock, up previously from $60.00.
  • 11/17/2017 – Splunk had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $90.00 price target on the stock, up previously from $76.00.
  • 11/17/2017 – Splunk was given a new $80.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 11/17/2017 – Splunk had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $90.00 price target on the stock, up previously from $80.00.
  • 11/17/2017 – Splunk had its price target raised by analysts at JMP Securities from $70.00 to $85.00. They now have an “outperform” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Maxim Group from $79.00 to $96.00. They now have a “buy” rating on the stock. They wrote, “Business momentum continues to accelerate driven by security; sales productivity y/y trend crosses over to improving, even with cloud adoption headwind. Management provided above consensus Jan Q guidance that impressively implies sales productivity will further improve. Raising our DCF based 12-month price target to $96, from $79 as normalized sales productivity trending better than prior long-term estimate. We continue to view SPLK as a secular Buy.””
  • 11/17/2017 – Splunk had its price target raised by analysts at BMO Capital Markets from $71.00 to $83.00. They now have an “outperform” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Deutsche Bank AG from $75.00 to $85.00. They now have a “buy” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at BTIG Research from $80.00 to $95.00. They now have a “buy” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Stifel Nicolaus from $61.00 to $75.00. They now have a “hold” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Credit Suisse Group from $80.00 to $88.00. They now have an “outperform” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Piper Jaffray Companies to $85.00. They now have an “overweight” rating on the stock.
  • 11/17/2017 – Splunk had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $78.00 price target on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at FBN Securities to $90.00. They now have an “outperform” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Bank of America Corporation from $80.00 to $95.00. They now have a “buy” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Barclays PLC from $73.00 to $80.00. They now have an “equal weight” rating on the stock.
  • 11/16/2017 – Splunk had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $93.00 price target on the stock.
  • 11/15/2017 – Splunk had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $80.00 price target on the stock.
  • 11/7/2017 – Splunk had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $76.00 price target on the stock.
  • 10/27/2017 – Splunk had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 10/27/2017 – Splunk had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $79.00 price target on the stock.
  • 10/26/2017 – Splunk was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “
  • 10/23/2017 – Splunk is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $95.00 price target on the stock.
  • 10/19/2017 – Splunk had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $80.00 price target on the stock.
  • 10/11/2017 – Splunk was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/4/2017 – Splunk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $74.00 price target on the stock. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “
  • 10/2/2017 – Splunk was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $77.00 price target on the stock.
  • 10/1/2017 – Splunk was given a new $75.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/28/2017 – Splunk had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $72.00 price target on the stock.
  • 9/27/2017 – Splunk had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $71.00 price target on the stock.

Splunk Inc. (NASDAQ:SPLK) opened at $83.78 on Wednesday. Splunk Inc. has a one year low of $50.64 and a one year high of $84.88.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.59. The business had revenue of $328.65 million for the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%. equities analysts forecast that Splunk Inc. will post -1.43 EPS for the current year.

In related news, Director Godfrey Sullivan sold 128,750 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $67.84, for a total value of $8,734,400.00. Following the completion of the sale, the director now owns 699,540 shares in the company, valued at $47,456,793.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ledger Susan St. sold 10,316 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total value of $723,873.72. Following the completion of the sale, the insider now owns 253,102 shares of the company’s stock, valued at approximately $17,760,167.34. The disclosure for this sale can be found here. Insiders sold 599,197 shares of company stock valued at $40,200,725 in the last quarter. 1.43% of the stock is currently owned by corporate insiders.

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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