Splunk (NASDAQ: SPLK) recently received a number of ratings updates from brokerages and research firms:

  • 11/27/2017 – Splunk had its “hold” rating reaffirmed by analysts at Citigroup Inc.. They now have a $73.00 price target on the stock.
  • 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 price target raised by analysts at Citigroup Inc. from $70.00 to $73.00. They now have a “neutral” rating on the stock.
  • 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.
  • 11/17/2017 – 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.
  • 11/17/2017 – Splunk had its price target raised by analysts at Bank of America Corp 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 FBN Securities to $90.00. They now have an “outperform” 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 Piper Jaffray Companies to $85.00. They now have an “overweight” rating on the stock.
  • 11/17/2017 – Splunk had its price target raised by analysts at Credit Suisse Group AG 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 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 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 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 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 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 JMP Securities from $70.00 to $85.00. They now have an “outperform” 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 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 “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 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 “buy” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $95.00 price target 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.
  • 11/16/2017 – 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 Maxim Group. They now have a $79.00 price target on the stock.
  • 10/27/2017 – Splunk had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 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.

Shares of Splunk Inc (NASDAQ SPLK) traded down $2.02 during trading hours on Tuesday, hitting $77.68. 2,694,600 shares of the company were exchanged, compared to its average volume of 1,653,335. Splunk Inc has a twelve month low of $50.64 and a twelve month high of $84.88.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. The firm had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. research analysts expect that Splunk Inc will post -1.3 earnings per share for the current year.

In other news, insider Ledger Susan St. sold 10,316 shares of the company’s stock in a transaction that occurred on 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 directly owns 253,102 shares of the company’s stock, valued at approximately $17,760,167.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $63.48, for a total transaction of $2,539,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 588,672 shares of company stock valued at $39,505,760. 1.43% of the stock is owned by 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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