Splunk Stock Forecast, Price & News

Splunk's stock was trading at $120.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SPLK stock has increased by 45.7% and is now trading at $175.91.
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38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 5 hold ratings and 33 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Splunk is scheduled to release its next quarterly earnings announcement on Thursday, November 19th 2020.
View our earnings forecast for Splunk.

Splunk Inc (NASDAQ:SPLK) posted its quarterly earnings results on Wednesday, August, 26th. The software company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($1.12) by $0.79. The software company had revenue of $491.66 million for the quarter, compared to analyst estimates of $520.28 million. Splunk had a negative net margin of 27.62% and a negative return on equity of 25.57%. Splunk's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS.
View Splunk's earnings history.

Splunk issued an update on its third quarter 2021 After-Hours earnings guidance on Wednesday, August, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $600-630 million, compared to the consensus revenue estimate of $644.74 million.

38 equities research analysts have issued 1 year target prices for Splunk's shares. Their forecasts range from $140.00 to $300.00. On average, they expect Splunk's share price to reach $227.11 in the next year. This suggests a possible upside of 29.1% from the stock's current price.
View analysts' price targets for Splunk.

Splunk saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,720,000 shares, an increase of 9.8% from the August 15th total of 7,940,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the short-interest ratio is presently 5.2 days.
View Splunk's Short Interest.

Some companies that are related to Splunk include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Workday (WDAY), Autodesk (ADSK), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO), Pegasystems (PEGA) and Nuance Communications (NUAN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Splunk investors own include NVIDIA (NVDA), Alibaba Group (BABA), salesforce.com (CRM), Micron Technology (MU), Advanced Micro Devices (AMD), Netflix (NFLX), Square (SQ), Paypal (PYPL), Tesla (TSLA) and Walt Disney (DIS).

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

Splunk's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.30%), Jennison Associates LLC (3.59%), Sumitomo Mitsui Trust Holdings Inc. (1.38%), First Trust Advisors LP (1.07%), Nuveen Asset Management LLC (0.62%) and TCW Group Inc. (0.59%). Company insiders that own Splunk stock include David F Conte, Douglas Merritt, Godfrey Sullivan, Graham Smith, Jason Child, John G Connors, Ledger Susan St, Leonard R Stein, Mark T Carges, Patricia Morrison, Scott Morgan, Timothy Emanuelson and Timothy Tully.
View institutional ownership trends for Splunk.

SPLK stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., New York State Common Retirement Fund, Jennison Associates LLC, Nuveen Asset Management LLC, SG Americas Securities LLC, Ensign Peak Advisors Inc, Nordea Investment Management AB, and Balyasny Asset Management LLC. Company insiders that have sold Splunk company stock in the last year include Douglas Merritt, Graham Smith, Jason Child, Ledger Susan St, Scott Morgan, Timothy Emanuelson, and Timothy Tully.
View insider buying and selling activity for Splunk.

SPLK stock was bought by a variety of institutional investors in the last quarter, including Holocene Advisors LP, Softbank Group Corp, Vanguard Group Inc., Peregrine Capital Management LLC, Sarasin & Partners LLP, Prudential PLC, Healthcare of Ontario Pension Plan Trust Fund, and Schonfeld Strategic Advisors LLC.
View insider buying and selling activity for Splunk.

Shares of SPLK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPLK stock can currently be purchased for approximately $175.91.

Splunk has a market capitalization of $28.21 billion and generates $2.36 billion in revenue each year. The software company earns $-336,670,000.00 in net income (profit) each year or ($1.44) on an earnings per share basis. Splunk employs 5,800 workers across the globe.

The official website for Splunk is www.splunk.com.

Splunk's mailing address is 270 BRANNAN STREET, SAN FRANCISCO CA, 94107. The software company can be reached via phone at 415-848-8400 or via email at [email protected]