O Shares Investment Advisers LLC cut its stake in Splunk Inc (NASDAQ:SPLK) by 25.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,525 shares of the software company’s stock after selling 1,527 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Splunk were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SPLK. Cable Hill Partners LLC bought a new stake in Splunk during the first quarter valued at approximately $25,000. Berman Capital Advisors LLC bought a new stake in Splunk during the fourth quarter valued at approximately $29,000. Trustcore Financial Services LLC bought a new stake in Splunk during the first quarter valued at approximately $37,000. Bessemer Group Inc. grew its position in Splunk by 192.2% during the fourth quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after buying an additional 198 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Splunk during the first quarter valued at approximately $43,000.

SPLK has been the subject of several recent research reports. BidaskClub lowered shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Wedbush lifted their price target on shares of Splunk from $159.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Northland Securities reaffirmed a “buy” rating and set a $160.00 price target on shares of Splunk in a report on Friday, May 24th. Mizuho assumed coverage on shares of Splunk in a report on Wednesday, March 13th. They set a “buy” rating and a $150.00 price target on the stock. Finally, Barclays lifted their price target on shares of Splunk from $154.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $144.27.

Shares of SPLK stock traded down $0.77 during mid-day trading on Wednesday, hitting $115.98. The company had a trading volume of 28,692 shares, compared to its average volume of 1,774,950. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market capitalization of $17.26 billion, a PE ratio of -72.97 and a beta of 2.14.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.08). Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The company had revenue of $424.90 million during the quarter, compared to analysts’ expectations of $395.92 million. During the same period last year, the firm posted ($0.07) EPS. Splunk’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, research analysts predict that Splunk Inc will post -0.99 EPS for the current fiscal year.

In other news, SVP Timothy Tully sold 6,655 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $128.06, for a total value of $852,239.30. Following the transaction, the senior vice president now owns 127,727 shares of the company’s stock, valued at $16,356,719.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Connors sold 42,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $124.10, for a total transaction of $5,212,200.00. Following the completion of the transaction, the director now directly owns 70,720 shares in the company, valued at approximately $8,776,352. The disclosure for this sale can be found here. Insiders sold 66,361 shares of company stock worth $8,315,190 in the last three months. Insiders own 0.36% of the company’s stock.

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Splunk 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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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