Splunk Target of Unusually High Options Trading (SPLK)
Splunk Inc. (NASDAQ:SPLK) was the target of some unusual options trading on Thursday. Investors bought 7,498 put options on the stock. This represents an increase of Infinity compared to the average volume of 0 put options.
In related news, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total value of $328,849.29. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David F. Conte sold 10,525 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $66.03, for a total value of $694,965.75. The disclosure for this sale can be found here. Insiders sold 599,197 shares of company stock worth $40,200,725 over the last 90 days. Company insiders own 1.43% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in SPLK. Patten Group Inc. grew its position in Splunk by 1,048.8% during the 3rd quarter. Patten Group Inc. now owns 24,746 shares of the software company’s stock worth $143,000 after purchasing an additional 22,592 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Splunk by 24.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after purchasing an additional 656 shares during the period. IFP Advisors Inc grew its position in Splunk by 6.2% during the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after purchasing an additional 204 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Splunk during the 3rd quarter worth about $201,000. Finally, FDx Advisors Inc. acquired a new stake in Splunk during the 3rd quarter worth about $210,000.
Splunk (NASDAQ SPLK) opened at $81.70 on Friday. Splunk has a 52 week low of $50.64 and a 52 week high of $81.99.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.59. The company had revenue of $328.65 million during the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. research analysts predict that Splunk will post -1.47 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Bank of America Corporation boosted their price objective on Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. Barclays PLC boosted their price objective on Splunk from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday. Drexel Hamilton reissued a “buy” rating and set a $93.00 price objective on shares of Splunk in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $88.00 price objective on shares of Splunk in a research note on Friday. Finally, Wells Fargo & Company reissued a “buy” rating and set a $95.00 price objective on shares of Splunk in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $80.92.
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.
Receive News & Ratings for Splunk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.