NASDAQ:SPLK

Splunk - SPLK Stock Forecast, Price & News

$88.64

-2.85 (-3.12%)

(As of 12/2/2022 12:00 AM ET)

Add

Compare

Today's Range: $87.02
▼
$90.22
50-Day Range: $68.01
▼
$91.49
52-Week Range: $65.00
▼
$150.79

Volume: 4.11 million shs
Average Volume: 2.30 million shs
Market Capitalization: $14.42 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $119.59

Splunk MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 32.9% Upside
$117.84 Price Target
Short Interest: Healthy
5.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.42
Upright™ Environmental Score
News Sentiment: 0.21
Based on 41 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.96) to ($2.71) Per Share

Overall MarketRank^™

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

2.43 out of 5 stars

Computer And Technology Sector

207th out of 640 stocks

Prepackaged Software Industry

74th out of 221 stocks

4.3

Analyst's Opinion

Consensus Rating
Splunk has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 20 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $117.84, Splunk has a forecasted upside of 32.9% from its current price of $88.65.
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.

3.0

Short Interest

Percentage of Shares Shorted
5.48% 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 4.57%, indicating that investor sentiment is improving.

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.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Splunk has received a 28.05% 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 -0.42.

2.3

News and Social Media Coverage

News Sentiment
Splunk has a news sentiment score of 0.21. 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 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 41 news articles for Splunk this week, compared to 8 articles on an average week.
Search Interest
43 people have searched for SPLK on MarketBeat in the last 30 days. This is an increase of 95% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Splunk to their MarketBeat watchlist in the last 30 days. This is a decrease of -46% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Splunk insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Splunk is held by insiders.
Percentage Held by Institutions
85.49% 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 ($2.96) to ($2.71) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Splunk is -20.71, 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 -20.71, 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 63.32. 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., 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.

Receive SPLK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Splunk and its competitors with MarketBeat's FREE daily newsletter.

SPLK Stock News Headlines

November 11, 2022 | marketbeat.com

Despite Financials, Twilio is One To Watch (SPLK)

Twilio's financials suggest uncertainty but analysts believe a rebound may be coming soon, as they give it a HOLD rating.

December 2, 2022 | finance.yahoo.com

Splunk (SPLK) Q3 Earnings Beat on Solid Revenues, Shares Up

December 2, 2022 | finance.yahoo.com

Splunk Earnings Spark Software

December 2, 2022 | seekingalpha.com

Splunk: Super Earnings With Huge Cloud Growth

December 2, 2022 | finance.yahoo.com

Splunk Third Quarter 2023 Earnings: Beats Expectations