Splunk Inc (SPLK) Given Average Rating of “Buy” by Analysts
Shares of Splunk Inc (NASDAQ:SPLK) have received an average rating of “Buy” from the thirty-nine ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $127.35.
Several brokerages have recently commented on SPLK. Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Thursday, December 6th. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. ValuEngine upgraded shares of Splunk from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. BMO Capital Markets lowered their target price on shares of Splunk from $133.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, November 30th. Finally, Wedbush decreased their price objective on shares of Splunk from $136.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 30th.
In other Splunk news, Director Godfrey Sullivan sold 8,750 shares of Splunk stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $104.24, for a total transaction of $912,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark T. Carges sold 4,171 shares of Splunk stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $110.00, for a total transaction of $458,810.00. Following the sale, the director now owns 15,273 shares of the company’s stock, valued at $1,680,030. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,965 shares of company stock valued at $4,786,938. 0.36% of the stock is currently owned by company insiders.
Shares of SPLK stock traded up $1.07 on Wednesday, hitting $131.96. The stock had a trading volume of 13,142 shares, compared to its average volume of 1,286,347. The company has a market cap of $19.43 billion, a P/E ratio of -100.97 and a beta of 2.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.84 and a quick ratio of 3.84. Splunk has a 12-month low of $82.63 and a 12-month high of $131.43.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, November 29th. The software company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.61. The company had revenue of $480.98 million during the quarter, compared to the consensus estimate of $433.60 million. Splunk had a negative net margin of 18.92% and a negative return on equity of 20.60%. The firm’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, research analysts expect that Splunk will post -1.07 earnings per share for the current fiscal year.
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.
Featured Article: Asset Allocation and Your Retirement
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.