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 opened at $114.81 on Friday. 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 business's 50 day moving average is $99.54 and its two-hundred day moving average is $113.06. The company has a market cap of $18.47 billion, a P/E ratio of -15.81 and a beta of 1.38. Splunk has a 12 month low of $84.63 and a 12 month high of $176.66.

Splunk (NASDAQ:SPLK - Get Rating) last issued its quarterly earnings results on Wednesday, May 25th. The software company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.74) by $0.42. The company had revenue of $674.08 million for the quarter, compared to the consensus estimate of $629.73 million. Splunk had a negative return on equity of 396.11% and a negative net margin of 41.20%. The company's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the business posted ($1.84) EPS. On average, equities analysts expect that Splunk will post -4.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their price target on Splunk from $175.00 to $152.00 in a report on Monday, May 23rd. Canaccord Genuity Group began coverage on Splunk in a report on Thursday, July 7th. They set a "buy" rating and a $130.00 price target on the stock. Citigroup reaffirmed a "neutral" rating and set a $118.00 target price (down from $120.00) on shares of Splunk in a report on Wednesday, August 3rd. Barclays lowered their target price on Splunk from $135.00 to $125.00 in a report on Thursday, May 26th. Finally, Piper Sandler lowered their target price on Splunk from $130.00 to $120.00 in a report on Wednesday, July 13th. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Splunk has a consensus rating of "Moderate Buy" and an average price target of $144.12.

Insiders Place Their Bets

In other news, SVP Scott Morgan sold 883 shares of the business's stock in a transaction that occurred 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 directly 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 accessible through the SEC website. In other news, insider Shawn Bice sold 31,316 shares of the business's stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $87.73, for a total transaction of $2,747,352.68. Following the sale, the insider now directly owns 103,680 shares in the company, valued at $9,095,846.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Scott Morgan sold 883 shares of the business'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 sale, the senior vice president now directly owns 130,311 shares in the company, valued at approximately $11,477,792.88. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.