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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Splunk from $152.00 to $138.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 19th. Canaccord Genuity Group assumed coverage on Splunk in a research report on Thursday, July 7th. They set a "buy" rating and a $130.00 target price on the stock. Royal Bank of Canada decreased their target price on Splunk from $175.00 to $152.00 in a research report on Monday, May 23rd. BTIG Research decreased their target price on Splunk from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, May 24th. Finally, Citigroup reiterated a "neutral" rating and set a $118.00 target price (down previously from $120.00) on shares of Splunk in a research report on Wednesday, August 3rd. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $143.48.

Splunk Trading Up 0.5 %

Shares of NASDAQ:SPLK traded up $0.51 during mid-day trading on Monday, reaching $113.08. 772,172 shares of the company's stock were exchanged, compared to its average volume of 2,201,404. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of -15.58 and a beta of 1.38. The company has a debt-to-equity ratio of 14.09, a quick ratio of 1.45 and a current ratio of 1.45. Splunk has a 52-week low of $84.63 and a 52-week high of $176.66. The company's 50-day moving average is $98.86 and its 200-day moving average is $113.13.

Splunk (NASDAQ:SPLK - Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The software company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.74) by $0.42. The business had revenue of $674.08 million during the quarter, compared to analysts' expectations 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 was up 34.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.84) EPS. Analysts expect that Splunk will post -4.14 EPS for the current fiscal year.

Insider Transactions at Splunk

In other news, SVP Scott Morgan sold 883 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 130,311 shares in the company, valued at approximately $11,477,792.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Shawn Bice sold 31,316 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 103,680 shares in the company, valued at approximately $9,095,846.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott Morgan sold 883 shares of the firm's stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $88.08, for a total value of $77,774.64. Following the transaction, the senior vice president now owns 130,311 shares of the company's stock, valued at $11,477,792.88. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.