S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Former Deutsche Bank Co-CEO Anshu Jain dies
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Former Deutsche Bank Co-CEO Anshu Jain dies
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Former Deutsche Bank Co-CEO Anshu Jain dies
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Former Deutsche Bank Co-CEO Anshu Jain dies
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
NASDAQ:SPLK

Splunk - SPLK Stock Forecast, Price & News

$114.81
+3.43 (+3.08%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$112.31
$114.95
50-Day Range
$85.79
$115.00
52-Week Range
$84.63
$176.66
Volume
1.41 million shs
Average Volume
1.39 million shs
Market Capitalization
$18.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$144.12

Splunk MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
25.5% Upside
$144.12 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.35mentions of Splunk in the last 14 days
Based on 7 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.

2.61 out of 5 stars

Computer And Technology Sector

157th out of 665 stocks

Prepackaged Software Industry

37th out of 230 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.

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.

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

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.
Guggenheim Initiates Coverage on Splunk (NASDAQ:SPLK)
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
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
5/25/2022
Today
8/14/2022
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
$144.12
High Stock Price Forecast
$232.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
25 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
$18.47 billion
Optionable
Optionable
Beta
1.38

Social Links















SPLK Stock - Frequently Asked Questions

Should I buy or sell Splunk stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 7 hold ratings and 18 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?

25 Wall Street research 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 share price to reach $144.12 in the next year. This suggests a possible upside of 25.5% 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 2022. Since then, SPLK shares have decreased by 0.8% and is now trading at $114.81.
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) released its quarterly earnings results on Wednesday, May, 25th. The software company reported ($0.32) earnings per share 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 analyst estimates 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 business's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the firm posted ($1.84) EPS.

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

Splunk issued an update on 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 a variety of institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (5.20%), Clearbridge Investments LLC (3.33%), Pictet Asset Management SA (3.06%), Sarasin & Partners LLP (1.13%), Northern Trust Corp (0.78%) and Sumitomo Mitsui Trust Holdings Inc. (0.55%). 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 $114.81.

How much money does Splunk make?

Splunk (NASDAQ:SPLK) has a market capitalization of $18.47 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 8/14/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.