Splunk - SPLK Stock Forecast, Price & News

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 11 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPLK shares.
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29 Wall Street research analysts have issued 1 year price objectives for Splunk's shares. Their SPLK share price forecasts range from $86.00 to $232.00. On average, they predict the company's share price to reach $116.45 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
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Splunk's stock was trading at $86.09 at the start of the year. Since then, SPLK stock has increased by 20.6% and is now trading at $103.81.
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Splunk saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,660,000 shares, a decrease of 15.3% from the December 31st total of 7,860,000 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Splunk will be holding an earnings conference call on Wednesday, March 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Splunk Inc. (NASDAQ:SPLK) announced its quarterly earnings results on Wednesday, November, 30th. The software company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.74) by $0.72. The software company had revenue of $929.77 million for the quarter, compared to the consensus estimate of $845.91 million.

Splunk issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.05 billion-$1.08 billion, compared to the consensus revenue estimate of $1.06 billion.

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

Splunk's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sarasin & Partners LLP (1.01%), Sumitomo Mitsui Trust Holdings Inc. (0.52%), Scout Investments Inc. (0.44%), Assenagon Asset Management S.A. (0.25%), Parnassus Investments LLC (0.21%) and Allspring Global Investments Holdings LLC (0.21%). 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.
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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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One share of SPLK stock can currently be purchased for approximately $103.81.

Splunk (NASDAQ:SPLK) has a market capitalization of $16.99 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 ($4.28) on an earnings per share basis.

The company employs 7,000 workers across the globe.

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.