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NASDAQ:SPLK

Splunk - SPLK Stock Forecast, Price & News

$115.00
+3.10 (+2.77%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$114.66
$116.84
50-Day Range
$85.79
$115.00
52-Week Range
$84.63
$176.66
Volume
1.10 million shs
Average Volume
2.18 million shs
Market Capitalization
$18.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$143.48

Splunk MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
24.8% Upside
$143.48 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.21mentions of Splunk in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$2.83 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.14) to ($4.07) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Computer And Technology Sector

141st out of 653 stocks

Prepackaged Software Industry

33rd out of 226 stocks

SPLK stock logo

About Splunk (NASDAQ:SPLK) Stock

Splunk Inc., together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications. In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk SOAR solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases. Further, the company provides adoption and implementation services, education services, and maintenance and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

Splunk Stock Performance

Shares of NASDAQ:SPLK traded up $3.10 during trading on Wednesday, hitting $115.00. 1,095,383 shares of the stock traded hands, compared to its average volume of 2,184,355. The company has a fifty day moving average price of $99.29 and a two-hundred day moving average price of $113.14. Splunk has a 52-week low of $84.63 and a 52-week high of $176.66. The company has a market cap of $18.50 billion, a price-to-earnings ratio of -15.84 and a beta of 1.38. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 14.09.

Splunk (NASDAQ:SPLK - Get Rating) last posted its earnings results on Wednesday, May 25th. The software company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.74) by $0.42. Splunk had a negative net margin of 41.20% and a negative return on equity of 396.11%. The business had revenue of $674.08 million for the quarter, compared to analyst estimates of $629.73 million. During the same period in the prior year, the company posted ($1.84) EPS. The company's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts predict that Splunk will post -4.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SPLK. Citigroup reiterated a "neutral" rating and issued a $118.00 price objective (down from $120.00) on shares of Splunk in a report on Wednesday, August 3rd. BTIG Research lowered their target price on shares of Splunk from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft cut their price target on Splunk from $145.00 to $125.00 in a report on Thursday, May 26th. UBS Group dropped their price target on Splunk from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, May 26th. Finally, Canaccord Genuity Group initiated coverage on shares of Splunk in a research note on Thursday, July 7th. They issued a "buy" rating and a $130.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

Insider Activity

In related news, insider Shawn Bice sold 31,316 shares of Splunk stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $87.73, for a total value of $2,747,352.68. Following the sale, the insider now directly owns 103,680 shares in the company, valued at approximately $9,095,846.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Scott Morgan sold 883 shares of the stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $88.08, for a total value of $77,774.64. Following the completion of the sale, the senior vice president now owns 130,311 shares of the company's stock, valued at $11,477,792.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shawn Bice sold 31,316 shares of the firm's stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $87.73, for a total value of $2,747,352.68. Following the completion of the sale, the insider now directly owns 103,680 shares of the company's stock, valued at $9,095,846.40. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

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SPLK Stock News Headlines

Salesforce Stock is a Resilient Best-of Breed CRM Play (SPLK)
Customer relationship management software giant Salesforce (NASDAQ: CRM) shares fallen (-31%) in 2022. Salesforce is the largest enterprise customer relationship software (CRM) company in the world through acquisitions including Slack, Mulesoft, and Tableau.
Splunk (NASDAQ:SPLK) Receives Neutral Rating from Citigroup
Looking At Splunk's Recent Whale Trades
Splunk (NASDAQ:SPLK) PT Lowered to $118.00 at Citigroup
Splunk Looks Ready to Move On Up - RealMoney
See More Headlines
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SPLK Company Calendar

Last Earnings
5/25/2022
Today
8/10/2022
Next Earnings (Confirmed)
8/24/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SPLK
CUSIP
84863710
Employees
7,000
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$143.48
High Stock Price Forecast
$232.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+24.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
24 Analysts

Profitability

Net Income
$-1,339,100,000.00
Pretax Margin
-40.48%

Debt

Sales & Book Value

Annual Sales
$2.67 billion
Book Value
$1.40 per share

Miscellaneous

Free Float
160,466,000
Market Cap
$18.50 billion
Optionable
Optionable
Beta
1.38

Social Links















SPLK Stock - Frequently Asked Questions

Should I buy or sell Splunk stock right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 7 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPLK shares.
View SPLK analyst ratings
or view top-rated stocks.

What is Splunk's stock price forecast for 2022?

24 Wall Street analysts have issued 12 month price objectives for Splunk's shares. Their SPLK share price forecasts range from $110.00 to $232.00. On average, they anticipate the company's stock price to reach $143.48 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price.
View analysts price targets for SPLK
or view top-rated stocks among Wall Street analysts.

How have SPLK shares performed in 2022?

Splunk's stock was trading at $115.72 at the beginning of the year. Since then, SPLK shares have decreased by 0.4% and is now trading at $115.27.
View the best growth stocks for 2022 here
.

When is Splunk's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our SPLK earnings forecast
.

How can I listen to Splunk's earnings call?

Splunk will be holding an earnings conference call on Wednesday, August 24th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Splunk's earnings last quarter?

Splunk Inc. (NASDAQ:SPLK) issued its quarterly earnings data on Wednesday, May, 25th. The software company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.74) by $0.42. The software company had revenue of $674.08 million for the quarter, compared to analysts' expectations of $629.73 million. Splunk had a negative trailing twelve-month return on equity of 396.11% and a negative net margin of 41.20%. The firm's revenue was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.84) EPS.

What guidance has Splunk issued on next quarter's earnings?

Splunk updated its second quarter 2023 earnings guidance on Wednesday, June, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $735.00 million-$755.00 million, compared to the consensus revenue estimate of $737.01 million.

What is Doug Merritt's approval rating as Splunk's CEO?

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.

What other stocks do shareholders of Splunk own?

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).

What is Splunk's stock symbol?

Splunk trades on the NASDAQ under the ticker symbol "SPLK."

Who are Splunk's major shareholders?

Splunk's stock is owned by many different institutional and retail investors. Top institutional shareholders include Pictet Asset Management SA (3.06%), Sarasin & Partners LLP (1.13%), Sumitomo Mitsui Trust Holdings Inc. (0.55%), Liontrust Investment Partners LLP (0.46%), Swiss National Bank (0.43%) and Scout Investments Inc. (0.31%). Insiders that own company stock include Douglas Merritt, Elisa Steele, Graham Smith, Jason Child, Ledger Susan St, Scott Morgan, Shawn Bice, Timothy Emanuelson and Timothy Tully.
View institutional ownership trends
.

How do I buy shares of Splunk?

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.
Compare Top Brokerages Here.

What is Splunk's stock price today?

One share of SPLK stock can currently be purchased for approximately $115.27.

How much money does Splunk make?

Splunk (NASDAQ:SPLK) has a market capitalization of $18.55 billion and generates $2.67 billion in revenue each year. The software company earns $-1,339,100,000.00 in net income (profit) each year or ($7.26) on an earnings per share basis.

How many employees does Splunk have?

The company employs 7,000 workers across the globe.

Does Splunk have any subsidiaries?

The following companies are subsidiares of Splunk: BugSense, Caspida, CloudMeter, Drastin, Flowmill, KryptonCloud, Metafor, Omnition, Phantom, Plumbr, Rigor, Rocana, SignalFx, SignalSense, Splunk Cayman Holding Ltd., Splunk Information Technology (Shanghai) Co., Splunk Ireland Limited, Splunk Services Australia Pty. Ltd., Splunk Services Belgium BVBA, Splunk Services Canada Inc., Splunk Services Cayman Ltd., Splunk Services FZ-LLC, Splunk Services France SAS, Splunk Services Germany GmbH, Splunk Services Hong Kong Ltd, Splunk Services India Private Limited, Splunk Services Japan GK, Splunk Services Korea, Splunk Services LLC, Splunk Services Malaysia Sdn. Bhd., Splunk Services Netherlands B.V., Splunk Services New Zealand Limited, Splunk Services Singapore Pte Ltd, Splunk Services Sweden AB, Splunk Services UK Limited, Splunk Serviços do Brasil Ltda., Splunk Technology Consulting (Beijing) Co., Streamlio, and VictorOps.
Read More

When was Splunk founded?

Splunk was founded in 2003.

How can I contact Splunk?

Splunk's mailing address is 270 BRANNAN STREET, SAN FRANCISCO CA, 94107. The official website for the company is www.splunk.com. The software company can be reached via phone at (415) 848-8400, via email at ir@splunk.com, or via fax at 415-568-4259.

This page (NASDAQ:SPLK) was last updated on 8/10/2022 by MarketBeat.com Staff

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