SPLK vs. OKTA, DDOG, PAYC, PLTR, SNPS, CDNS, WDAY, ADSK, FICO, and MSTR
Should you be buying Splunk stock or one of its competitors? The main competitors of Splunk include Okta (OKTA), Datadog (DDOG), Paycom Software (PAYC), Palantir Technologies (PLTR), Synopsys (SNPS), Cadence Design Systems (CDNS), Workday (WDAY), Autodesk (ADSK), Fair Isaac (FICO), and MicroStrategy (MSTR).
Splunk (NASDAQ:SPLK) and Okta (NASDAQ:OKTA) are both large-cap computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their profitability, institutional ownership, risk, valuation, analyst recommendations, media sentiment, community ranking, dividends and earnings.
In the previous week, Okta had 23 more articles in the media than Splunk. MarketBeat recorded 24 mentions for Okta and 1 mentions for Splunk. Okta's average media sentiment score of 0.78 beat Splunk's score of 0.23 indicating that Okta is being referred to more favorably in the news media.
Splunk has higher revenue and earnings than Okta. Okta is trading at a lower price-to-earnings ratio than Splunk, indicating that it is currently the more affordable of the two stocks.
Splunk has a net margin of 6.26% compared to Okta's net margin of -11.69%. Splunk's return on equity of 32,117.42% beat Okta's return on equity.
Splunk presently has a consensus target price of $136.88, indicating a potential downside of 12.76%. Okta has a consensus target price of $105.58, indicating a potential upside of 12.27%. Given Okta's stronger consensus rating and higher probable upside, analysts clearly believe Okta is more favorable than Splunk.
Splunk has a beta of 1, meaning that its stock price has a similar volatility profile to the S&P 500.Comparatively, Okta has a beta of 1.03, meaning that its stock price is 3% more volatile than the S&P 500.
Splunk received 1263 more outperform votes than Okta when rated by MarketBeat users. Likewise, 77.75% of users gave Splunk an outperform vote while only 59.60% of users gave Okta an outperform vote.
87.6% of Splunk shares are owned by institutional investors. Comparatively, 86.6% of Okta shares are owned by institutional investors. 0.2% of Splunk shares are owned by insiders. Comparatively, 7.0% of Okta shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Summary
Splunk beats Okta on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SPLK and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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