Splunk Inc. (NASDAQ:SPLK) will be announcing its Q317 earnings results on Tuesday, November 29th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $230.33 million for the quarter.

Earnings History for Splunk (NASDAQ:SPLK)

Shares of Splunk Inc. (NASDAQ:SPLK) opened at 57.65 on Friday. The firm has a 50-day moving average of $59.22 and a 200-day moving average of $58.33. The company’s market cap is $7.76 billion. Splunk Inc. has a 12-month low of $29.85 and a 12-month high of $66.90.

In other news, SVP Leonard R. Stein sold 1,075 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $60.00, for a total transaction of $64,500.00. Following the sale, the senior vice president now owns 115,262 shares in the company, valued at approximately $6,915,720. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Godfrey Sullivan sold 128,750 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $58.93, for a total transaction of $7,587,237.50. Following the sale, the director now owns 440,426 shares in the company, valued at approximately $25,954,304.18. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Splunk by 37.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,247,157 shares of the software company’s stock worth $307,903,000 after buying an additional 1,427,346 shares during the period. Credit Suisse AG boosted its stake in shares of Splunk by 3.0% in the third quarter. Credit Suisse AG now owns 388,573 shares of the software company’s stock worth $22,802,000 after buying an additional 11,237 shares during the period. Pioneer Investment Management Inc. acquired a new stake in shares of Splunk during the third quarter worth approximately $5,602,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Splunk during the third quarter worth approximately $916,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Splunk during the third quarter worth approximately $279,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.

Several research firms have weighed in on SPLK. Pacific Crest restated a “buy” rating and set a $70.00 price objective on shares of Splunk in a report on Friday, August 26th. Robert W. Baird upped their price objective on shares of Splunk from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Stifel Nicolaus downgraded shares of Splunk from a “buy” rating to a “hold” rating in a report on Friday, August 26th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating and issued a $75.00 target price (up previously from $65.00) on shares of Splunk in a report on Friday, August 26th. Finally, Barclays PLC increased their target price on shares of Splunk from $51.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, August 26th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $66.77.

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Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

5 Day Chart for NASDAQ:SPLK

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