Splunk (NASDAQ:SPLK) had its price target hoisted by equities researchers at Raymond James from $122.00 to $157.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the software company’s stock. Raymond James’ price target suggests a potential upside of 15.68% from the company’s previous close.
A number of other analysts have also weighed in on SPLK. ValuEngine raised Splunk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 5th. Piper Jaffray Companies lowered their price objective on Splunk to $120.00 and set an “overweight” rating for the company in a research report on Monday, November 26th. Guggenheim began coverage on Splunk in a research report on Monday, December 10th. They set a “neutral” rating for the company. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Morgan Stanley set a $110.00 price target on Splunk and gave the company a “hold” rating in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $136.71.
Get Splunk alerts:NASDAQ SPLK traded down $0.16 during trading on Friday, hitting $135.72. 6,196,223 shares of the company’s stock traded hands, compared to its average volume of 1,528,401. The company has a market cap of $20.46 billion, a PE ratio of -103.60 and a beta of 2.11. Splunk has a 12-month low of $83.69 and a 12-month high of $139.04. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.14.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, November 29th. The software company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.61. Splunk had a negative net margin of 18.92% and a negative return on equity of 20.60%. The company had revenue of $480.98 million for the quarter, compared to analysts’ expectations of $433.60 million. During the same period in the prior year, the business earned $0.17 earnings per share. Splunk’s revenue for the quarter was up 40.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Splunk will post -1.06 EPS for the current year.
In other news, General Counsel Scott Morgan sold 3,480 shares of Splunk stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $106.94, for a total transaction of $372,151.20. Following the transaction, the general counsel now directly owns 52,902 shares of the company’s stock, valued at approximately $5,657,339.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark T. Carges sold 2,105 shares of Splunk stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $110.00, for a total value of $231,550.00. Following the transaction, the director now directly owns 13,168 shares in the company, valued at $1,448,480. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,794 shares of company stock valued at $4,328,128. Corporate insiders own 0.36% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Berman Capital Advisors LLC purchased a new position in shares of Splunk during the 4th quarter valued at about $29,000. Bessemer Group Inc. lifted its position in shares of Splunk by 192.2% during the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after buying an additional 198 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Splunk by 244.4% during the 4th quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock valued at $45,000 after buying an additional 303 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Splunk during the 4th quarter valued at about $56,000. Finally, AlphaOne Investment Services LLC purchased a new position in shares of Splunk during the 4th quarter valued at about $66,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also: Technical Analysis
No comments:
Post a Comment