Splunk (NASDAQ: SPLK) has recently received a number of price target changes and ratings updates:

  • 8/28/2017 – Splunk had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $68.00 price target on the stock, up previously from $63.00.
  • 8/25/2017 – Splunk had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $70.00 price target on the stock.
  • 8/25/2017 – Splunk had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $74.00 price target on the stock.
  • 8/25/2017 – Splunk was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $68.00 price target on the stock.
  • 8/25/2017 – Splunk had its “buy” rating reaffirmed by analysts at Mitsubishi UFJ Financial Group. They now have a $75.00 price target on the stock.
  • 8/25/2017 – Splunk had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $77.00 price target on the stock, up previously from $74.00.
  • 8/25/2017 – Splunk had its price target raised by analysts at BMO Capital Markets from $69.00 to $71.00. They now have an “outperform” rating on the stock.
  • 8/25/2017 – Splunk had its price target raised by analysts at Citigroup Inc. from $64.00 to $70.00. They now have a “neutral” rating on the stock.
  • 8/25/2017 – Splunk had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $66.00 price target on the stock.
  • 8/25/2017 – Splunk had its price target raised by analysts at Cowen and Company from $67.00 to $72.00. They now have an “outperform” rating on the stock.
  • 8/25/2017 – Splunk had its price target raised by analysts at Barclays PLC from $65.00 to $67.00. They now have an “equal weight” rating on the stock.
  • 8/25/2017 – Splunk was given a new $75.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/25/2017 – Splunk had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $85.00 price target on the stock.
  • 8/25/2017 – Splunk had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $80.00 price target on the stock.
  • 8/24/2017 – Splunk had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $81.00 price target on the stock.
  • 8/24/2017 – Splunk had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $60.00 price target on the stock. They wrote, “We note that: 1) interest for the product offering remains high within ITOM and SIEM; 2) discounting levels were largely in-line with recent quarters; 3) pricing remains a key area of pushback among customers looking to expand deployments, SPLK seems more open to considering options for its largest customers; 4) we continue to pick up on complementary solutions being deployed alongside SPLK to limit data volume growth.””
  • 8/22/2017 – Splunk had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $93.00 price target on the stock. They wrote, “We believe Splunk will slightly exceed our 2Q:FY18 revenue estimate of $268.1 million (up 26% YoY; Street is at $268.7 million) and our EPS projection of $0.05 (Street is at $0.06). Recall, Splunk’s 2Q:FY18 outlook calls for sales of $267-269 million.””
  • 8/22/2017 – Splunk had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $80.00 price target on the stock, up previously from $75.00.
  • 8/19/2017 – Splunk had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $70.00 price target on the stock.
  • 8/18/2017 – Splunk had its “buy” rating reaffirmed by analysts at Cowen and Company.
  • 8/16/2017 – Splunk was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “
  • 8/15/2017 – Splunk had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $60.00 price target on the stock.
  • 8/4/2017 – Splunk had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $69.00 price target on the stock, down previously from $71.00.
  • 7/31/2017 – Splunk had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $75.00 price target on the stock.
  • 7/27/2017 – Splunk was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “
  • 7/13/2017 – Splunk had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $93.00 price target on the stock.
  • 7/12/2017 – Splunk had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $71.00 price target on the stock.
  • 7/12/2017 – Splunk was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California. “
  • 7/10/2017 – Splunk had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $71.00 price target on the stock.

Shares of Splunk Inc. (SPLK) opened at 64.48 on Tuesday. Splunk Inc. has a 52-week low of $50.64 and a 52-week high of $69.23. The stock has a 50 day moving average of $59.92 and a 200 day moving average of $61.47. The stock’s market capitalization is $8.97 billion.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $279.96 million during the quarter, compared to the consensus estimate of $268.72 million. Splunk had a negative return on equity of 75.18% and a negative net margin of 36.81%. Splunk’s revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. Analysts forecast that Splunk Inc. will post $0.54 earnings per share for the current year.

In other news, Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $58.13, for a total transaction of $2,325,200.00. Following the completion of the transaction, the director now directly owns 744,540 shares of the company’s stock, valued at $43,280,110.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David F. Conte sold 1,044 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $62.20, for a total value of $64,936.80. Following the transaction, the chief financial officer now directly owns 207,965 shares of the company’s stock, valued at $12,935,423. The disclosure for this sale can be found here. Over the last three months, insiders have sold 558,056 shares of company stock valued at $32,554,124. Corporate insiders own 3.00% of the company’s stock.

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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