A number of firms have modified their ratings and price targets on shares of Splunk (NASDAQ: SPLK) recently:

  • 7/31/2017 – Splunk had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $75.00 price target on the stock.
  • 7/27/2017 – Splunk was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” 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. “
  • 7/13/2017 – Splunk had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $93.00 price target on the stock.
  • 7/12/2017 – Splunk had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $71.00 price target on the stock.
  • 7/12/2017 – Splunk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 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. “
  • 7/10/2017 – Splunk had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $71.00 price target on the stock.
  • 6/22/2017 – Splunk was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $70.00 price target on the stock, up previously from $69.00.
  • 6/15/2017 – Splunk was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $63.00 price target on the stock, down previously from $72.00.
  • 6/10/2017 – Splunk was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/7/2017 – Splunk is now covered by analysts at Susquehanna Bancshares Inc. They set a “neutral” rating and a $68.00 price target on the stock.

Shares of Splunk Inc. (NASDAQ SPLK) traded down 2.550% during trading on Wednesday, hitting $58.655. The stock had a trading volume of 386,368 shares. The firm’s 50 day moving average is $58.86 and its 200 day moving average is $61.19. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $69.23. The company’s market cap is $8.12 billion.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The firm had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $233.79 million. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that Splunk Inc. will post $0.52 EPS for the current fiscal year.

In other news, Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $60.27, for a total value of $2,410,800.00. Following the transaction, the director now owns 789,540 shares of the company’s stock, valued at $47,585,575.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David F. Conte sold 1,044 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $62.20, for a total transaction of $64,936.80. Following the completion of the transaction, the chief financial officer now directly owns 207,965 shares in the company, valued at approximately $12,935,423. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,056 shares of company stock worth $20,784,524. Insiders own 3.00% 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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