Splunk (NASDAQ:SPLK – Get Rating) had its target price decreased by Mizuho from $115.00 to $110.00 in a research note released on Tuesday, The Fly reports. Mizuho currently has a neutral rating on the software company's stock.
Other equities research analysts have also issued reports about the company. Piper Sandler decreased their target price on Splunk from $130.00 to $120.00 in a research report on Wednesday, July 13th. Canaccord Genuity Group began coverage on Splunk in a research report on Thursday, July 7th. They set a buy rating and a $130.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Splunk from $125.00 to $117.00 and set a hold rating for the company in a research report on Thursday, August 25th. Cowen decreased their target price on Splunk from $110.00 to $95.00 and set a market perform rating for the company in a research report on Thursday, August 25th. Finally, 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 for the company. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Splunk currently has an average rating of Moderate Buy and a consensus target price of $134.39.
Get Splunk alerts:Splunk Price Performance
Shares of SPLK stock opened at $75.20 on Tuesday. Splunk has a 52-week low of $75.16 and a 52-week high of $176.66. The company has a debt-to-equity ratio of 14.09, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $12.24 billion, a P/E ratio of -12.09 and a beta of 1.41. The stock has a 50 day moving average price of $98.03 and a 200 day moving average price of $106.81.
Splunk (NASDAQ:SPLK – Get Rating) last issued its quarterly earnings results on Wednesday, August 24th. The software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.35) by $0.44. Splunk had a negative return on equity of 396.11% and a negative net margin of 32.85%. The firm had revenue of $798.75 million during the quarter, compared to analyst estimates of $747.92 million. During the same period last year, the company earned ($1.63) EPS. Splunk's quarterly revenue was up 31.9% compared to the same quarter last year. As a group, sell-side analysts predict that Splunk will post -3.58 earnings per share for the current year.Institutional Trading of Splunk
Several large investors have recently added to or reduced their stakes in SPLK. Ronald Blue Trust Inc. purchased a new stake in shares of Splunk in the second quarter worth about $29,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Splunk in the first quarter worth about $30,000. SJS Investment Consulting Inc. boosted its stake in shares of Splunk by 66.4% in the first quarter. SJS Investment Consulting Inc. now owns 228 shares of the software company's stock worth $34,000 after buying an additional 91 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Splunk by 109.2% in the first quarter. Wolverine Asset Management LLC now owns 235 shares of the software company's stock worth $34,000 after buying an additional 2,800 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new stake in shares of Splunk in the second quarter worth about $27,000. Hedge funds and other institutional investors own 85.49% of the company's stock.
Splunk Company Profile
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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.
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