Splunk (NASDAQ:SPLK) had its price objective boosted by equities research analysts at Deutsche Bank to $100.00 in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the software company’s stock. Deutsche Bank’s price target points to a potential upside of 11.56% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Drexel Hamilton reissued a “buy” rating and issued a $93.00 target price on shares of Splunk in a research report on Monday, September 18th. BMO Capital Markets reissued a “buy” rating and issued a $71.00 target price on shares of Splunk in a research report on Wednesday, September 27th. Cowen reissued a “buy” rating and issued a $72.00 target price on shares of Splunk in a research report on Thursday, September 28th. Morgan Stanley cut shares of Splunk from an “overweight” rating to an “equal weight” rating and set a $77.00 target price on the stock. in a research report on Monday, October 2nd. Finally, Robert W. Baird set a $75.00 target price on shares of Splunk and gave the stock a “buy” rating in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $84.06.

Shares of Splunk (NASDAQ SPLK) opened at $89.64 on Monday. Splunk has a 12 month low of $52.89 and a 12 month high of $90.69. The stock has a market cap of $12,680.00, a PE ratio of -40.20 and a beta of 2.07.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. The company had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. research analysts predict that Splunk will post -1.3 EPS for the current year.

In other news, insider Ledger Susan St. sold 10,316 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $723,873.72. Following the completion of the transaction, the insider now owns 253,102 shares of the company’s stock, valued at $17,760,167.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the transaction, the chief financial officer now directly owns 110,364 shares of the company’s stock, valued at approximately $8,909,685.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,036 shares of company stock valued at $14,132,192. Corporate insiders own 1.43% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. acquired a new stake in Splunk in the third quarter worth about $201,000. FDx Advisors Inc. acquired a new stake in Splunk in the third quarter worth about $210,000. Commonwealth Equity Services Inc acquired a new stake in Splunk in the third quarter worth about $210,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after purchasing an additional 656 shares during the period. Finally, Advisor Group Inc. lifted its holdings in Splunk by 213.6% in the second quarter. Advisor Group Inc. now owns 4,046 shares of the software company’s stock worth $230,000 after purchasing an additional 2,756 shares during the period.

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Splunk Company Profile

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.

Analyst Recommendations for Splunk (NASDAQ:SPLK)

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