Several analysts have recently updated their ratings and price targets for Splunk (NASDAQ: SPLK):

  • 1/19/2018 – Splunk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $100.00 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. “
  • 1/15/2018 – Splunk had its price target raised by analysts at Deutsche Bank AG to $100.00. They now have a “buy” rating on the stock.
  • 1/12/2018 – 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. “
  • 1/8/2018 – Splunk was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $105.00 price target on the stock, up previously from $80.00.
  • 12/18/2017 – Splunk had its price target raised by analysts at Robert W. Baird from $85.00 to $90.00. They now have an “outperform” rating on the stock.
  • 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.

Shares of Splunk Inc (NASDAQ:SPLK) opened at $89.94 on Monday. The firm has a market capitalization of $12,720.00, a price-to-earnings ratio of -40.33 and a beta of 2.07. Splunk Inc has a 1 year low of $52.89 and a 1 year high of $92.10.

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

In other news, Director Godfrey Sullivan sold 120,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $68.22, for a total transaction of $8,186,400.00. Following the completion of the transaction, the director now owns 585,790 shares of the company’s stock, valued at approximately $39,962,593.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas Merritt sold 10,126 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total value of $810,586.30. Following the transaction, the insider now directly owns 189,079 shares of the company’s stock, valued at approximately $15,135,773.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,036 shares of company stock valued at $14,132,192. Corporate insiders own 1.43% of the company’s stock.

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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