Financiera

Splunk Inc. (SPLK) Given a $70.00 Price Target by JMP Securities Analysts

Splunk Inc. (SPLK) Given a $70.00 Price Target by JMP Securities Analysts

"We are bullish on Splunk's ability to grow and take share in a new market that we call operational intelligence, which is more than just analyzing Big Data", Hedberg said in an analyst note.

Several equities research analysts have recently commented on SPLK shares. The stock has market worth of $7.72B. The ratio worsened, as 35 funds sold all Splunk Inc shares owned while 85 reduced positions. The analysts estimated EPS for the higher end at 0.11 and lower end at 0.06 while the year ago reported earnings per share was 0. (NASDAQ:SPLK) during the second quarter, Holdings Channel reports. The bump in Price Target for the stock came from the re-acceleration in its license growth, which greatly impressed the analysts. SunTrust maintained the shares of SPLK in a report on Saturday, August 29 with "Hold" rating.

Splunk Inc (NASDAQ:SPLK) released its fiscal 2017 third-quarter financial results after the market close yesterday, and the big data software developer's share price is up almost four percent today. The stock touched 52-week High of $65.75 on Aug 15, 2016 and 52-week Low of $29.85 on Feb 11, 2016. Splunk Inc was Downgraded by Guggenheim to " Neutral" on Oct 4, 2016.

The number of Splunk Inc shares in issue is 134,543,000 which have a current share price of 57.38 bringing Splunk Inc's market capitalisation to 7.72B Dollars. The stock's 50 day moving average price is $59.05 and its 200-day moving average price is $58.63. Splunk had a negative return on equity of 38.45% and a negative net margin of 42.84%. 12 analysts have suggested the company is a "Hold". In contrast to the year ago quarter EPS was at 0.07. Now the stock has been rated as "Buy" from 26 Analysts. If you are reading this report on another website, it was copied illegally and reposted in violation of USA and worldwide copyright & trademark laws. Splunk has a consensus rating of "Buy" and a consensus target price of $67.28.

A gap is a change in price levels of a stock between the close of one session and the opening of the next one. The stock was sold at an average price of $58.10, for a total value of $357,605.50. Eagle Asset Management Inc. now owns 312,171 shares of the software company's stock worth $16,913,000 after buying an additional 1,563 shares in the last quarter. Stock monthly performance is recorded as -5.86% while its performance in last 5 sessions is -3.63%. Insiders own 3.00% of the company's stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In other news, SVP Leonard R. Stein sold 1,075 shares of the stock in a transaction dated Monday, September 19th. Its six months performance indicated a bearish movement while its yearly performance reflected a negative trend of -3.56%. The disclosure for this sale can be found here. RS Investment Management Co. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Splunk during the second quarter valued at approximately $303,000.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters. Splunk makes up about 4.9% of Glynn Capital Management LLC's holdings, making the stock its 8th largest position. GAM Holding AG increased its position in shares of Splunk by 4.4% in the third quarter. Following the transaction, the senior vice president now directly owns 116,437 shares in the company, valued at approximately $6,827,865.68. Jag Capital Management LLC acquired a new position in Splunk during the second quarter valued at approximately $9,244,000.

Splunk Inc. (NASDAQ:SPLK) reported sales (ttm) of 793.1 Million, whereas, 33 number of analysts estimated the mean sale of 202.97 million. The Company's offerings enable users to collect, index, search, explore, monitor and analyze data. "Splunk provides the market leading platform that powers Operational Intelligence to enable customers to cost effectively get value from machine data".