Splunk Inc (NASDAQ:SPLK) CFO David F. Conte sold 15,519 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.29, for a total value of $1,944,375.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ SPLK traded up $0.39 during trading on Wednesday, reaching $125.94. 1,597,800 shares of the company traded hands, compared to its average volume of 1,854,182. The firm has a market capitalization of $18.18 billion, a P/E ratio of -95.55 and a beta of 2.06. Splunk Inc has a 12-month low of $62.39 and a 12-month high of $130.00.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $388.30 million during the quarter, compared to analyst estimates of $358.46 million. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The company’s revenue was up 38.6% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. sell-side analysts expect that Splunk Inc will post -1.15 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Splunk by 3.8% during the 2nd quarter. BlackRock Inc. now owns 8,074,220 shares of the software company’s stock valued at $800,235,000 after buying an additional 298,117 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Splunk by 5.2% during the 1st quarter. Federated Investors Inc. PA now owns 2,005,140 shares of the software company’s stock valued at $197,286,000 after buying an additional 99,354 shares during the last quarter. FMR LLC raised its stake in shares of Splunk by 3.6% during the 2nd quarter. FMR LLC now owns 1,592,052 shares of the software company’s stock valued at $157,789,000 after buying an additional 54,789 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of Splunk during the 1st quarter valued at about $141,945,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Splunk by 16.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,074,978 shares of the software company’s stock valued at $106,541,000 after buying an additional 149,894 shares during the last quarter. Institutional investors and hedge funds own 89.58% of the company’s stock.
A number of analysts have recently weighed in on SPLK shares. Wedbush lowered their price objective on Splunk from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, May 18th. Barclays lifted their price target on Splunk to $125.00 and gave the stock an “overweight” rating in a research report on Friday, May 18th. Piper Jaffray Companies lifted their price target on Splunk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, May 21st. BMO Capital Markets lifted their price target on Splunk from $112.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, May 25th. Finally, Jefferies Financial Group lifted their price target on Splunk to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and a consensus target price of $121.43.
Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
Featured Story: Stop Order Uses For Individual Investors
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.