NASDAQ:SPLK

Splunk - SPLK Stock Forecast, Price & News

$104.57

-2.42 (-2.26%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $102.56
▼
$108.06
50-Day Range: $75.89
▼
$106.99
52-Week Range: $65.00
▼
$150.79

Volume: 2.74 million shs
Average Volume: 1.68 million shs
Market Capitalization: $17.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $116.45

Institutional Ownership

Splunk MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.62 Rating Score
Upside/Downside: 11.4% Upside
$116.45 Price Target
Short Interest: Healthy
4.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.51
Upright™ Environmental Score
News Sentiment: 0.25
Based on 12 Articles This Week
Insider Trading: Selling Shares
$88,130 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($2.27) to ($2.04) Per Share

Overall MarketRank^™

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

2.39 out of 5 stars

Computer And Technology Sector

154th out of 610 stocks

Prepackaged Software Industry

42nd out of 215 stocks

3.3

Analyst's Opinion

Consensus Rating
Splunk has received a consensus rating of Buy. The company's average rating score is 2.62, and is based on 18 buy ratings, 11 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $116.45, Splunk has a forecasted upside of 11.4% from its current price of $104.57.
Amount of Analyst Coverage
Splunk has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
4.46% 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 3.2, 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 15.27%, 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.

2.4

News and Social Media Coverage

News Sentiment
Splunk has a news sentiment score of 0.25. 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 lower news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Splunk this week, compared to 7 articles on an average week.
Search Interest
33 people have searched for SPLK on MarketBeat in the last 30 days. This is an increase of 74% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Splunk to their MarketBeat watchlist in the last 30 days. This is a decrease of -58% 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 $88,130.00 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 ($2.27) to ($2.04) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Splunk is -24.43, 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 -24.43, 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 74.69. 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.

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SPLK Stock News Headlines

January 31, 2023 | marketbeat.com

These AI, Cloud Stocks are Down Significantly, Not For Long (SPLK)

These three AI/Cloud stocks are near historic lows but the industry is growing. As such, any of these could rebound; though it may take longer for some.

February 3, 2023 | finance.yahoo.com

Splunk to Announce Fiscal 2023 Fourth Quarter and Full Year Results on March 1, 2023

February 4, 2023 | Wall Street Watch Dogs (Ad)

“Future Fuel” will unleash $11 trillion wave of wealth

The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…

February 1, 2023 | finance.yahoo.com

Splunk to Lay Off 4% of Staff in Cost-Cutting Move. Tech Jobs Rout Continues.

February 1, 2023 | finance.yahoo.com

Splunk to Cut About 325 Jobs, Scale Back Outsourcing

February 1, 2023 | investorplace.com

Splunk Layoffs 2023: What to Know About the Latest SPLK Job Cuts

February 1, 2023 | finance.yahoo.com

Splunk to lay off 4% of its staff in latest sign of software cutbacks

February 1, 2023 | finance.yahoo.com

Splunk to Cut 4% of Work Force as It Looks to ‘Optimize’ Cost Structure

February 4, 2023 | Wall Street Watch Dogs (Ad)

A gold storm is coming…

“We are in the early stages of a mania – the calm before the storm.”...

January 29, 2023 | finance.yahoo.com

At US$95.28, Is Splunk Inc. (NASDAQ:SPLK) Worth Looking At Closely?

January 29, 2023 | americanbankingnews.com

Splunk Inc. (NASDAQ:SPLK) Receives $114.63 Consensus PT from Brokerages

January 28, 2023 | seekingalpha.com

Splunk: Ready For Takeoff

January 26, 2023 | finance.yahoo.com

The Nasdaq Could Soar in 2023 -- 5 Stocks Down 57% to 91% to Buy Before It Does

January 24, 2023 | benzinga.com

Splunk Likely To Significantly Improve Cash Flow After New CFO Appointment, Analyst Says

January 23, 2023 | finance.yahoo.com

Splunk Appoints Brian Roberts as Chief Financial Officer

January 23, 2023 | finance.yahoo.com

Splunk Names Former Lyft CFO as Finance Chief

January 10, 2023 | finance.yahoo.com

Why Splunk Shares Gained 10.8% Last Month

December 30, 2022 | finance.yahoo.com

Why Is Splunk (SPLK) Down 5.4% Since Last Earnings Report?

December 28, 2022 | finance.yahoo.com

Here's Why Splunk (SPLK) is an Enterprising Portfolio Pick

December 26, 2022 | finance.yahoo.com

Here's How Much a $1000 Investment in Splunk Made 10 Years Ago Would Be Worth Today

December 23, 2022 | finance.yahoo.com

Splunk (SPLK) Is Considered a Good Investment by Brokers: Is That True?

December 23, 2022 | finance.yahoo.com

How Much Upside is Left in Splunk (SPLK)? Wall Street Analysts Think 31%

December 22, 2022 | finance.yahoo.com

Are Investors Undervaluing Splunk Inc. (NASDAQ:SPLK) By 46%?

December 22, 2022 | seekingalpha.com

Splunk Is A Rare Tech Growth Opportunity For 2023

December 21, 2022 | finance.yahoo.com

Goldman Sachs Sees Over 70% Gains in These 2 Stocks — Here’s Why They Could Jump

December 15, 2022 | finance.yahoo.com

Building Bridges: Splunk Releases 2022 Global Impact Report

December 14, 2022 | finance.yahoo.com

Why Analysts Are Optimistic About Splunk Shares

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SPLK Company Calendar

Last Earnings: 11/30/2022
Today: 2/04/2023
Next Earnings (Estimated): 3/01/2023
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: $116.45
High Stock Price Forecast: $232.00
Low Stock Price Forecast: $86.00
Forecasted Upside/Downside: +11.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.62
Research Coverage: 29 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.28)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,339,100,000.00
Net Margins: -20.81%
Pretax Margin: -20.05%
Return on Equity: N/A
Return on Assets: -8.91%

Debt

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

Sales & Book Value

Annual Sales: $3.30 billion
Price / Sales: 5.18
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.40 per share
Price / Book: 74.69

Miscellaneous

Outstanding Shares: 163,700,000
Free Float: 163,258,000
Market Cap: $17.12 billion
Optionable: Optionable
Beta: 1.30

Social Links

Key Executives

Gary Leigh Steele
President, Chief Executive Officer, CFO & Director

Jeremy D. Rishel
Senior Vice President-Engineering

Ammar Maraqa
Chief Strategy Officer & Senior Vice President

Christian T. Smith
Chief Revenue Officer & Senior Vice President

Scott Morgan
Secretary, Chief Legal Officer & Senior VP

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?: 29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 11 hold ratings and 18 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?: 29 equities research analysts have issued twelve-month price targets for Splunk's shares. Their SPLK share price forecasts range from $86.00 to $232.00. On average, they predict the company's share price to reach $116.45 in the next year. This suggests a possible upside of 11.4% 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 2023. Since then, SPLK stock has increased by 21.5% and is now trading at $104.57.
View the best growth stocks for 2023 here.
Are investors shorting Splunk?: Splunk saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,660,000 shares, a decrease of 15.3% from the December 31st total of 7,860,000 shares. Based on an average daily volume of 2,080,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.5% of the company's stock are short sold.
View Splunk's Short Interest.
When is Splunk's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our SPLK earnings forecast.
How were Splunk's earnings last quarter?: Splunk Inc. (NASDAQ:SPLK) issued its earnings results on Wednesday, November, 30th. The software company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.74) by $0.72. The software company had revenue of $929.77 million for the quarter, compared to the consensus estimate of $845.91 million.
What guidance has Splunk issued on next quarter's earnings?: Splunk issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.05 billion-$1.08 billion, compared to the consensus revenue estimate of $1.06 billion.
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 many different retail and institutional investors. Top institutional shareholders include Sarasin & Partners LLP (1.01%), Sumitomo Mitsui Trust Holdings Inc. (0.52%), Scout Investments Inc. (0.44%), Assenagon Asset Management S.A. (0.25%), Parnassus Investments LLC (0.21%) and Allspring Global Investments Holdings LLC (0.21%). 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 $104.57.
How much money does Splunk make?: Splunk (NASDAQ:SPLK) has a market capitalization of $17.12 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 ($4.28) 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
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 2/4/2023 by MarketBeat.com Staff

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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^™