NASDAQ:SPLK

Splunk - SPLK Stock Forecast, Price & News

$90.58

-0.67 (-0.73%)

(As of 03/24/2023 12:00 AM ET)

Add

Compare

Today's Range: $89.63
▼
$91.87
50-Day Range: $87.55
▼
$109.62
52-Week Range: $65.00
▼
$150.79

Volume: 908,754 shs
Average Volume: 2.03 million shs
Market Capitalization: $14.83 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $115.23

Institutional Ownership

Splunk MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 27.2% Upside
$115.23 Price Target
Short Interest: Healthy
3.65% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.51
Upright™ Environmental Score
News Sentiment: 0.82
Based on 6 Articles This Week
Insider Trading: Selling Shares
$522,330 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.55) to ($0.03) Per Share

Overall MarketRank^™

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

2.72 out of 5 stars

Computer And Technology Sector

100th out of 612 stocks

Prepackaged Software Industry

24th out of 213 stocks

4.3

Analyst's Opinion

Consensus Rating
Splunk has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 15 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $115.23, Splunk has a forecasted upside of 27.2% from its current price of $90.58.
Amount of Analyst Coverage
Splunk has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
3.65% of the float of Splunk has been sold short.
Short Interest Ratio / Days to Cover
Splunk has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Splunk has recently decreased by 13.61%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Splunk does not currently pay a dividend.
Dividend Growth
Splunk does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Splunk has received a 23.24% net impact score from Upright. Splunk seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Knowledge infrastructure". The positive contribution in the "Distributing knowledge" impact category is driven by its "Data science consulting", "Data science platforms", and "Data visualization software" products. See details.
Environmental Sustainability
The Environmental Impact score for Splunk is -0.51.

2.7

News and Social Media Coverage

News Sentiment
Splunk has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Splunk this week, compared to 7 articles on an average week.
Search Interest
80 people have searched for SPLK on MarketBeat in the last 30 days. This is an increase of 54% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Splunk to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Splunk insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $522,330.00 in company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Splunk is held by insiders.
Percentage Held by Institutions
85.71% of the stock of Splunk is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Splunk are expected to grow in the coming year, from ($0.55) to ($0.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Splunk is -46.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Splunk is -46.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Splunk has a P/B Ratio of 64.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Splunk (NASDAQ:SPLK) Stock

Splunk, Inc. engages in the development and marketing of cloud software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for Information Technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M. Swan, Michael J. Baum and Robin K. Das in October 2003 and is headquartered in San Francisco, CA.

Receive SPLK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Splunk and its competitors with MarketBeat's FREE daily newsletter.

SPLK Stock News Headlines

March 22, 2023 | americanbankingnews.com

Splunk Inc. (NASDAQ:SPLK) Given Average Recommendation of "Moderate Buy" by Brokerages

March 21, 2023 | finance.yahoo.com

Splunk Delivers Unified Security and Observability Solutions to Build Digital Resilience

March 26, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 19, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Splunk (NASDAQ:SPLK)

March 16, 2023 | finance.yahoo.com

Down -19.85% in 4 Weeks, Here's Why Splunk (SPLK) Looks Ripe for a Turnaround

March 16, 2023 | finance.yahoo.com

AI Will Add $200 Trillion to the Economy by 2030, Says ARK Invest -- 2 Stocks to Buy If It Does

March 13, 2023 | finance.yahoo.com

Why Splunk (SPLK) is an Attractive Portfolio Pick Right Now

March 10, 2023 | fool.com

Want a High-Growth Monster Stock for the Next Bull Market? Buy Splunk

March 26, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 6, 2023 | finance.yahoo.com

Splunk, IBD Stock Of The Day, Is Helping Companies Analyze Vast Quantities Of Data

March 6, 2023 | finance.yahoo.com

1 Machine Learning Stock Down 55% You'll Wish You'd Bought on the Dip

March 2, 2023 | finance.yahoo.com

Q4 2023 Splunk Inc Earnings Call

March 2, 2023 | finance.yahoo.com

Splunk Stock Falls After Earnings Beat. Customers Are Growing Cautious.

March 2, 2023 | finance.yahoo.com

Splunk (SPLK) Q4 Earnings & Revenues Beat Estimates

March 2, 2023 | seekingalpha.com

Splunk Delivers A Blowout Quarter, We Maintain Accumulate Rating

March 1, 2023 | fool.com

Splunk (SPLK) Q4 2023 Earnings Call Transcript

March 1, 2023 | finance.yahoo.com

This Leading Activist Investor Has $1 Billion in These 3 Stocks

March 1, 2023 | finance.yahoo.com

Zacks Investment Ideas feature highlights: Salesforce and Splunk

February 28, 2023 | finance.yahoo.com

2 Tech Stocks to Consider Buying as Earnings Approach

February 27, 2023 | finance.yahoo.com

Splunk to Present at the Morgan Stanley Technology, Media & Telecom Conference

February 24, 2023 | finance.yahoo.com

Salesforce Stock Gets Activist Interest Ahead Of Earnings; Software Titans Snowflake, Workday, Splunk Set To Report

February 23, 2023 | finance.yahoo.com

Can Healthy Revenue Growth Aid Splunk's (SPLK) Q4 Earnings?

February 22, 2023 | finance.yahoo.com

Splunk (SPLK) Reports Next Week: Wall Street Expects Earnings Growth

February 16, 2023 | finance.yahoo.com

Splunk (SPLK) Just Flashed Golden Cross Signal: Do You Buy?

February 14, 2023 | finance.yahoo.com

Splunk slashes more than 170 jobs in the Bay Area

February 14, 2023 | finance.yahoo.com

Shareholders in Splunk (NASDAQ:SPLK) are in the red if they invested three years ago

February 9, 2023 | finance.yahoo.com

If You Invested $1000 in Splunk a Decade Ago, This is How Much It'd Be Worth Now

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive SPLK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Splunk and its competitors with MarketBeat's FREE daily newsletter.

SPLK Company Calendar

Last Earnings: 12/01/2021
Today: 3/26/2023
Next Earnings (Estimated): 5/24/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:SPLK
CUSIP: 84863710
CIK: 1353283
Web: www.splunk.com
Phone: (415) 848-8400
Fax: 415-568-4259
Employees: 7,000
Year Founded: 2003

Price Target and Rating

Average Stock Price Forecast: $115.23
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $86.00
Forecasted Upside/Downside: +27.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 24 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.96)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-277,860,000.00
Net Margins: -7.60%
Pretax Margin: -20.05%
Return on Equity: N/A
Return on Assets: -3.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.22
Quick Ratio: 1.22

Sales & Book Value

Annual Sales: $3.65 billion
Price / Sales: 4.06
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.40 per share
Price / Book: 64.70

Miscellaneous

Outstanding Shares: 163,700,000
Free Float: 163,258,000
Market Cap: $14.83 billion
Optionable: Optionable
Beta: 1.29

Social Links

Key Executives

Gary Leigh Steele
President, Chief Executive Officer & Director

Brian Roberts
Chief Financial Officer & Senior Vice President

Jeremy D. Rishel
Senior Vice President-Engineering

Ammar Maraqa
Chief Strategy Officer & Senior Vice President

Christian T. Smith
Chief Revenue Officer & Senior Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPLK Stock - Frequently Asked Questions

Should I buy or sell Splunk stock right now?: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 9 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research 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 2023?: 24 brokers have issued 12 month target prices for Splunk's shares. Their SPLK share price forecasts range from $86.00 to $160.00. On average, they predict the company's share price to reach $115.23 in the next twelve months. This suggests a possible upside of 27.2% 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 2023?: Splunk's stock was trading at $86.09 at the beginning of the year. Since then, SPLK stock has increased by 5.2% and is now trading at $90.58.
View the best growth stocks for 2023 here.
When is Splunk's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our SPLK earnings forecast.
How were Splunk's earnings last quarter?: Splunk Inc. (NASDAQ:SPLK) issued its quarterly earnings data on Wednesday, December, 1st. The software company reported ($0.37) earnings per share for the quarter, beating analysts' consensus estimates of ($1.36) by $0.99. The software company had revenue of $664.75 million for the quarter, compared to the consensus estimate of $646.52 million. The company's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.96) earnings per share.
What ETFs hold Splunk's stock?: ETFs with the largest weight of Splunk (NASDAQ:SPLK) stock in their portfolio include ETFMG Prime Cyber Security ETF (HACK), ProShares Big Data Refiners ETF (DAT), First Trust NASDAQ Cybersecurity ETF (CIBR), Future Fund Active ETF (FFND), Motley Fool Mid-Cap Growth ETF (TMFM), WisdomTree Cybersecurity Fund (WCBR), Fidelity Cloud Computing ETF (FCLD) and First Trust Cloud Computing ETF (SKYY).
What guidance has Splunk issued on next quarter's earnings?: Splunk issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710.00 million-$725.00 million, compared to the consensus revenue estimate of $807.27 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 a number of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (2.88%), First Trust Advisors LP (1.66%), Legal & General Group Plc (1.41%), Geode Capital Management LLC (1.30%), Starboard Value LP (1.14%) and Sarasin & Partners LLP (1.01%). 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 $90.58.
How much money does Splunk make?: Splunk (NASDAQ:SPLK) has a market capitalization of $14.83 billion and generates $3.65 billion in revenue each year. The software company earns $-277,860,000.00 in net income (profit) each year or ($1.96) 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, Caspida Inc., CloudMeter, Drastin, Drastin Inc., Flowmill, Flowmill LLC, KryptonCloud, Metafor, Omnition, Omnition LLC, Phantom, Phantom Cyber Corporation, Phantom International LLC, Plumbr, Rigor, Rigor Inc., Rocana, SIGNALSENSE Inc., SignalFx, SignalFx Australia Pty Ltd, SignalFx France SARL, SignalFx Germany GmbH, SignalFx LLC, SignalFx Netherlands B.V., SignalFx Sweden AB, SignalFx UK Limited, SignalSense, Splunk Cayman Holding Ltd., Splunk Information Technology Shanghai Co. Ltd., Splunk Ireland Limited, Splunk Services Australia Pty. Ltd., Splunk Services Belgium BV, Splunk Services Canada ULC, Splunk Services Cayman Ltd., Splunk Services Czech Republic s.r.o., Splunk Services Estonia OÜ, Splunk Services FZ-LLC, Splunk Services France SAS, Splunk Services Germany GmbH, Splunk Services Hong Kong Limited, Splunk Services India Private Limited, Splunk Services Israel Ltd., 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 Poland sp. z.o.o., Splunk Services Singapore Pte. Ltd., Splunk Services South Africa PTY Ltd., Splunk Services Sweden AB, Splunk Services UK Limited, Splunk Serviços do Brasil Ltda., Splunk Technology Consulting Beijing Co. Ltd., Streamlio, Streamlio Inc., TruSTAR, TruSTAR Technology Inc., VictorOps, VictorOps Inc., and twinwave.
Read More
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 3/26/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Splunk - SPLK Stock Forecast, Price & News

Splunk MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Splunk (NASDAQ:SPLK) Stock

SPLK Stock News Headlines

SPLK Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SPLK Stock - Frequently Asked Questions

Overall MarketRank^™