Splunk Inc (SPLK) PT Set at $75.00 by Robert W. Baird
Splunk Inc (NASDAQ:SPLK) has been assigned a $75.00 target price by equities researchers at Robert W. Baird in a report issued on Sunday. The brokerage presently has a “buy” rating on the software company’s stock. Robert W. Baird’s price target would suggest a potential upside of 12.95% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Drexel Hamilton reiterated a “buy” rating and set a $93.00 price objective on shares of Splunk in a research note on Thursday, July 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Splunk in a research report on Monday, July 31st. Zacks Investment Research raised Splunk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Mitsubishi UFJ Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Splunk in a research report on Friday, August 25th. Finally, UBS AG restated a “buy” rating and issued a $74.00 target price on shares of Splunk in a research note on Friday, August 25th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Splunk presently has an average rating of “Buy” and an average price target of $72.78.
Shares of Splunk (NASDAQ:SPLK) opened at 66.40 on Friday. The firm’s 50-day moving average is $65.33 and its 200-day moving average is $62.36. Splunk has a 52 week low of $50.64 and a 52 week high of $69.61. The stock’s market capitalization is $9.30 billion.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $279.96 million during the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative net margin of 29.83% and a negative return on equity of 43.73%. Splunk’s revenue was up 31.6% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. Analysts forecast that Splunk will post $0.54 earnings per share for the current fiscal year.
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In other Splunk news, SVP Ledger Susan St. sold 677 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $69.52, for a total transaction of $47,065.04. Following the transaction, the senior vice president now owns 168,376 shares of the company’s stock, valued at $11,705,499.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Leonard R. Stein sold 4,851 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $67.79, for a total value of $328,849.29. The disclosure for this sale can be found here. Insiders sold a total of 588,881 shares of company stock worth $37,078,452 over the last three months. Corporate insiders own 1.43% of the company’s stock.
Several hedge funds have recently made changes to their positions in SPLK. Xact Kapitalforvaltning AB grew its holdings in shares of Splunk by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock valued at $1,038,000 after purchasing an additional 62 shares during the period. Patten Group Inc. raised its stake in Splunk by 3.6% during the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after purchasing an additional 75 shares during the period. Aperio Group LLC raised its stake in Splunk by 1.3% during the second quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock worth $740,000 after purchasing an additional 164 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Splunk by 0.6% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock worth $1,709,000 after purchasing an additional 175 shares during the period. Finally, Prudential Financial Inc. raised its stake in Splunk by 2.9% during the second quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock worth $406,000 after purchasing an additional 200 shares during the period.
Splunk Company Profile
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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