Robert W. Baird restated their average rating on shares of Splunk Inc. (NASDAQ:SPLK) in a research report sent to investors on Monday, The Fly reports. The firm currently has a $85.00 target price on the software company’s stock, up from their prior target price of $75.00.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Splunk from a sell rating to a hold rating in a research report on Wednesday, August 16th. Cowen and Company restated a buy rating on shares of Splunk in a research report on Friday, August 18th. Jefferies Group LLC restated a buy rating and issued a $88.00 target price on shares of Splunk in a research report on Friday, November 17th. Wells Fargo & Company reiterated a buy rating and set a $95.00 price objective on shares of Splunk in a research report on Friday, November 17th. Finally, Canaccord Genuity reiterated a buy rating and set a $90.00 price objective (up previously from $80.00) on shares of Splunk in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $82.11.

Shares of Splunk (SPLK) opened at $83.53 on Monday. Splunk has a 52-week low of $50.64 and a 52-week high of $84.88.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.59. The firm had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%. equities analysts anticipate that Splunk will post -1.3 EPS for the current fiscal year.

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In other Splunk news, insider Ledger Susan St. sold 10,316 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $723,873.72. Following the completion of the sale, the insider now directly owns 253,102 shares in the company, valued at $17,760,167.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $63.48, for a total transaction of $2,539,200.00. The disclosure for this sale can be found here. Insiders have sold 599,197 shares of company stock worth $40,200,725 over the last three months. Company insiders own 1.43% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. bought a new stake in Splunk during the third quarter valued at about $201,000. FDx Advisors Inc. bought a new stake in shares of Splunk in the third quarter valued at about $210,000. Commonwealth Equity Services Inc bought a new stake in shares of Splunk in the third quarter valued at about $210,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after buying an additional 656 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after buying an additional 204 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.

The Fly

Analyst Recommendations for Splunk (NASDAQ:SPLK)

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