News headlines about Splunk (NASDAQ:SPLK) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the software company an impact score of 45.4731013788009 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

Several research analysts recently issued reports on SPLK shares. Robert W. Baird reaffirmed an “average” rating and set a $85.00 target price (up from $75.00) on shares of Splunk in a research report on Monday, November 20th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 target price on shares of Splunk in a research report on Tuesday, November 7th. Maxim Group reaffirmed a “buy” rating and set a $79.00 target price on shares of Splunk in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating on shares of Splunk in a research report on Friday, October 27th. Finally, Cowen reaffirmed a “buy” rating and set a $72.00 target price on shares of Splunk in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and a consensus target price of $83.62.

Shares of Splunk (NASDAQ SPLK) traded up $0.19 during mid-day trading on Friday, hitting $89.64. The stock had a trading volume of 1,407,471 shares, compared to its average volume of 1,580,000. The firm has a market capitalization of $12,680.00, a price-to-earnings ratio of -40.20 and a beta of 2.07. Splunk has a fifty-two week low of $52.89 and a fifty-two week high of $90.69.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The business had revenue of $328.65 million for the quarter, compared to analyst estimates of $309.01 million. research analysts predict that Splunk will post -1.3 earnings per share for the current year.

In other news, insider Ledger Susan St. sold 10,316 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total value of $723,873.72. Following the sale, the insider now owns 253,102 shares in the company, valued at $17,760,167.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Merritt sold 10,126 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total value of $810,586.30. Following the completion of the sale, the insider now owns 189,079 shares in the company, valued at approximately $15,135,773.95. The disclosure for this sale can be found here. Insiders sold 201,036 shares of company stock worth $14,132,192 in the last 90 days. Company insiders own 1.43% of the company’s stock.

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About Splunk

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.

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

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