Splunk Inc (NASDAQ:SPLK) SVP Scott Morgan sold 1,131 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $150.00, for a total value of $169,650.00. Following the sale, the senior vice president now directly owns 53,741 shares in the company, valued at $8,061,150. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SPLK traded down $1.18 during trading on Monday, reaching $148.04. The company’s stock had a trading volume of 2,288,396 shares, compared to its average volume of 1,839,169. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $125.75 and a two-hundred day simple moving average of $124.03. Splunk Inc has a 1 year low of $90.08 and a 1 year high of $152.68. The company has a market cap of $22.58 billion, a price-to-earnings ratio of -93.11 and a beta of 2.10.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, November 21st. The software company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Splunk had a negative net margin of 14.24% and a negative return on equity of 11.72%. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $605.20 million. During the same period last year, the company posted $0.38 EPS. The business’s revenue was up 30.1% on a year-over-year basis. As a group, equities analysts forecast that Splunk Inc will post -0.86 EPS for the current fiscal year.

SPLK has been the topic of several analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Splunk in a research report on Sunday, November 24th. Zacks Investment Research downgraded Splunk from a “buy” rating to a “hold” rating and set a $119.00 price target on the stock. in a research report on Thursday, October 17th. BidaskClub raised Splunk from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Wedbush increased their target price on shares of Splunk from $153.00 to $162.00 and gave the stock a “positive” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Splunk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $156.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust acquired a new stake in shares of Splunk during the 2nd quarter worth approximately $25,000. Motco acquired a new stake in shares of Splunk during the 2nd quarter worth approximately $27,000. Quest Capital Management Inc. ADV acquired a new stake in shares of Splunk during the 3rd quarter worth approximately $27,000. HM Payson & Co. acquired a new stake in shares of Splunk during the 2nd quarter worth approximately $28,000. Finally, Manchester Financial Inc. acquired a new stake in shares of Splunk during the 2nd quarter worth approximately $29,000. 93.49% of the stock is currently owned by institutional investors and hedge funds.

Splunk Company Profile

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

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