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 Price Performance
Splunk stock opened at $112.57 on Monday. Splunk has a 12 month low of $84.63 and a 12 month high of $176.66. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 14.09. The business's 50 day simple moving average is $98.77 and its 200 day simple moving average is $113.15. The company has a market cap of $18.11 billion, a price-to-earnings ratio of -15.51 and a beta of 1.38.
Splunk (NASDAQ:SPLK - Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The software company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.42. Splunk had a negative return on equity of 396.11% and a negative net margin of 41.20%. The business had revenue of $674.08 million for the quarter, compared to the consensus estimate of $629.73 million. During the same quarter in the prior year, the business earned ($1.84) earnings per share. Splunk's revenue for the quarter was up 34.3% on a year-over-year basis. Sell-side analysts forecast that Splunk will post -4.14 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Mizuho dropped their price objective on Splunk from $130.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on Splunk from $145.00 to $125.00 in a research note on Thursday, May 26th. BMO Capital Markets decreased their target price on Splunk from $142.00 to $125.00 in a research report on Thursday, May 26th. Piper Sandler decreased their target price on Splunk from $130.00 to $120.00 in a research report on Wednesday, July 13th. Finally, Royal Bank of Canada decreased their target price on Splunk from $175.00 to $152.00 in a research report on Monday, May 23rd. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Splunk presently has an average rating of "Moderate Buy" and an average price target of $143.48.
Insiders Place Their Bets
In other Splunk news, SVP Scott Morgan sold 883 shares of the 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 sale, the senior vice president now owns 130,311 shares in the company, valued at $11,477,792.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Splunk news, SVP Scott Morgan sold 883 shares of the 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 sale, the senior vice president now owns 130,311 shares in the company, valued at $11,477,792.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Bice sold 31,316 shares of the 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 sale, the insider now owns 103,680 shares in the company, valued at approximately $9,095,846.40. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.
