Splunk - SPLK Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 9 hold ratings and 15 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.

24 Wall Street analysts have issued twelve-month price objectives for Splunk's stock. Their SPLK share price forecasts range from $86.00 to $160.00. On average, they expect the company's share price to reach $115.23 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price.
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Splunk's stock was trading at $86.09 on January 1st, 2023. Since then, SPLK shares have increased by 6.0% and is now trading at $91.25.
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Splunk saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 5,460,000 shares, a decrease of 13.6% from the February 13th total of 6,320,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.7% of the shares of the stock are sold short.
View Splunk's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our SPLK earnings forecast.

Splunk Inc. (NASDAQ:SPLK) released its quarterly earnings results on Wednesday, December, 1st. The software company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($1.36) by $0.99. The software company had revenue of $664.75 million for the quarter, compared to analysts' expectations of $646.52 million. Splunk's revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted ($0.96) EPS.

ETFs with the largest weight of Splunk (NASDAQ:SPLK) stock in their portfolio include ETFMG Prime Cyber Security ETF (HACK), ProShares Big Data Refiners ETF (DAT), First Trust NASDAQ Cybersecurity ETF (CIBR), Future Fund Active ETF (FFND), Motley Fool Mid-Cap Growth ETF (TMFM), WisdomTree Cybersecurity Fund (WCBR), First Trust Cloud Computing ETF (SKYY) and Fidelity Cloud Computing ETF (FCLD).

Splunk updated its first quarter 2024 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $710.00 million-$725.00 million, compared to the consensus revenue estimate of $807.27 million.

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.

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).

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 Clearbridge Investments LLC (2.88%), First Trust Advisors LP (1.66%), Legal & General Group Plc (1.41%), Geode Capital Management LLC (1.30%), Starboard Value LP (1.14%) and Sarasin & Partners LLP (1.01%). 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.

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.
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One share of SPLK stock can currently be purchased for approximately $91.25.

Splunk (NASDAQ:SPLK) has a market capitalization of $14.94 billion and generates $3.65 billion in revenue each year. The software company earns $-277,860,000.00 in net income (profit) each year or ($1.96) on an earnings per share basis.

The company employs 7,000 workers across the globe.

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.