Splunk Stock Price, News & Analysis (NASDAQ:SPLK)

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 25 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPLK, but not buy additional shares or sell existing shares.
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31 equities research analysts have issued twelve-month price objectives for Splunk's stock. Their SPLK share price targets range from $100.00 to $157.00. On average, they anticipate the company's share price to reach $134.04 in the next year. This suggests that the stock has a possible downside of 11.2%.
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Splunk's stock was trading at $86.09 at the start of the year. Since then, SPLK shares have increased by 75.4% and is now trading at $150.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
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Splunk Inc. (NASDAQ:SPLK) released its earnings results on Wednesday, August, 23rd. The software company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.25. The software company earned $910.59 million during the quarter, compared to analyst estimates of $889.29 million. Splunk had a negative trailing twelve-month return on equity of 689.21% and a net margin of 2.66%. Splunk's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.94) earnings per share.

ETFs with the largest weight of Splunk (NASDAQ:SPLK) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), ETFMG Prime Cyber Security ETF (HACK), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Future Fund Long/Short ETF (FFLS), Future Fund Active ETF (FFND), First Trust Nasdaq Cybersecurity ETF (CIBR), Motley Fool Mid-Cap Growth ETF (TMFM) and WisdomTree Cybersecurity Fund (WCBR).

350 employees have rated Splunk Chief Executive Officer Doug Merritt on Glassdoor.com. Doug Merritt has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Splunk investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Block (SQ), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), PayPal (PYPL), Tesla (TSLA) and Walt Disney (DIS).

Splunk's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (6.56%), Clearbridge Investments LLC (1.44%), Legal & General Group Plc (1.20%), Ameriprise Financial Inc. (1.03%), Jericho Capital Asset Management L.P. (0.83%) and Northern Trust Corp (0.66%). Insiders that own company stock include Christian Smith, Douglas Merritt, Elisa Steele, Gary Steele, Graham Smith, Jason Child, Ledger Susan St, Scott Morgan, Shawn Bice, Timothy Emanuelson and Timothy Tully.
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Shares of SPLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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