Splunk - SPLK Stock Forecast, Price & News

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.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer cut their price target on shares of Splunk from $175.00 to $140.00 in a research report on Thursday, May 26th. Canaccord Genuity Group assumed coverage on shares of Splunk in a research report on Thursday, July 7th. They issued a "buy" rating and a $130.00 price target on the stock. UBS Group cut their price target on shares of Splunk from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 26th. BMO Capital Markets cut their price target on shares of Splunk from $142.00 to $125.00 in a research report on Thursday, May 26th. Finally, Needham & Company LLC cut their price target on shares of Splunk from $145.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, May 26th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.12.

Splunk Price Performance

NASDAQ:SPLK opened at $114.81 on Friday. Splunk has a 12-month low of $84.63 and a 12-month high of $176.66. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 14.09. The firm's 50 day moving average is $99.54 and its 200-day moving average is $113.06. The company has a market capitalization of $18.47 billion, a PE ratio of -15.81 and a beta of 1.38.

Splunk (NASDAQ:SPLK - Get Rating) last released its earnings results on Wednesday, May 25th. The software company reported ($0.32) earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $629.73 million. During the same period last year, the business earned ($1.84) earnings per share. The firm's revenue was up 34.3% on a year-over-year basis. Equities research analysts anticipate that Splunk will post -4.14 earnings per share for the current fiscal year.

Insider Activity at Splunk

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