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.

Splunk Stock Performance

Shares of NASDAQ:SPLK traded up $3.10 during trading on Wednesday, hitting $115.00. 1,095,383 shares of the stock traded hands, compared to its average volume of 2,184,355. The company has a fifty day moving average price of $99.29 and a two-hundred day moving average price of $113.14. Splunk has a 52-week low of $84.63 and a 52-week high of $176.66. The company has a market cap of $18.50 billion, a price-to-earnings ratio of -15.84 and a beta of 1.38. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 14.09.

Splunk (NASDAQ:SPLK - Get Rating) last posted its earnings results on Wednesday, May 25th. The software company reported ($0.32) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $629.73 million. During the same period in the prior year, the company posted ($1.84) EPS. The company's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts predict that Splunk will post -4.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SPLK. Citigroup reiterated a "neutral" rating and issued a $118.00 price objective (down from $120.00) on shares of Splunk in a report on Wednesday, August 3rd. BTIG Research lowered their target price on shares of Splunk from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft cut their price target on Splunk from $145.00 to $125.00 in a report on Thursday, May 26th. UBS Group dropped their price target on Splunk from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, May 26th. Finally, Canaccord Genuity Group initiated coverage on shares of Splunk in a research note on Thursday, July 7th. They issued a "buy" rating and a $130.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

Insider Activity

In related news, insider Shawn Bice sold 31,316 shares of Splunk stock in a transaction dated 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 directly owns 103,680 shares in the company, valued at approximately $9,095,846.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Scott Morgan sold 883 shares of the stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $88.08, for a total value of $77,774.64. Following the completion of the sale, the senior vice president now owns 130,311 shares of the company's stock, valued at $11,477,792.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shawn Bice sold 31,316 shares of the firm's 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 completion of the sale, the insider now directly owns 103,680 shares of the company's stock, valued at $9,095,846.40. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.