Splunk Inc. (NASDAQ:SPLK – Get Free Report) Director Elisa Steele sold 2,812 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $120.00, for a total transaction of $337,440.00. Following the sale, the director now directly owns 11,108 shares in the company, valued at $1,332,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Elisa Steele also recently made the following trade(s):
- On Thursday, August 24th, Elisa Steele sold 3,050 shares of Splunk stock. The shares were sold at an average price of $112.00, for a total transaction of $341,600.00.
- On Monday, July 3rd, Elisa Steele sold 288 shares of Splunk stock. The shares were sold at an average price of $105.64, for a total transaction of $30,424.32.
Splunk Stock Performance
Shares of SPLK traded up $1.59 during mid-day trading on Friday, reaching $122.85. The company had a trading volume of 1,938,700 shares, compared to its average volume of 1,606,230. The company’s 50 day simple moving average is $104.99 and its 200 day simple moving average is $98.86. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of -371.67, a P/E/G ratio of 11.51 and a beta of 1.28. Splunk Inc. has a 1-year low of $65.00 and a 1-year high of $123.44.
Splunk (NASDAQ:SPLK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The software company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.25. Splunk had a negative net margin of 0.61% and a negative return on equity of 22.78%. The business had revenue of $910.59 million during the quarter, compared to the consensus estimate of $889.29 million. During the same quarter last year, the firm posted ($0.94) EPS. Splunk’s revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts forecast that Splunk Inc. will post 0.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Splunk
Hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its stake in shares of Splunk by 1.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,114 shares of the software company’s stock worth $543,000 after purchasing an additional 91 shares during the period. Moody National Bank Trust Division raised its stake in Splunk by 2.1% in the 2nd quarter. Moody National Bank Trust Division now owns 4,650 shares of the software company’s stock valued at $493,000 after acquiring an additional 96 shares during the period. Meiji Yasuda Life Insurance Co raised its stake in Splunk by 3.6% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock valued at $455,000 after acquiring an additional 105 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Splunk in the 2nd quarter valued at about $710,000. Finally, Sandy Spring Bank raised its stake in Splunk by 24.7% in the 4th quarter. Sandy Spring Bank now owns 545 shares of the software company’s stock valued at $47,000 after acquiring an additional 108 shares during the period. 87.56% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on SPLK. UBS Group increased their price objective on shares of Splunk from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, August 24th. BTIG Research increased their price objective on shares of Splunk from $128.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Canaccord Genuity Group increased their price objective on shares of Splunk from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Oppenheimer restated an “outperform” rating and issued a $115.00 price target on shares of Splunk in a research note on Thursday, August 24th. Finally, StockNews.com initiated coverage on shares of Splunk in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Splunk currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.79.
View Our Latest Stock Analysis on SPLK
Splunk Company Profile
Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization’s digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Splunk, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Splunk wasn’t on the list.
While Splunk currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
