Wall Street analysts expect Splunk Inc (NASDAQ:SPLK) to announce $390.46 million in sales for the current quarter, Zacks reports. Eleven analysts have made estimates for Splunk’s earnings, with the highest sales estimate coming in at $399.50 million and the lowest estimate coming in at $388.90 million. Splunk posted sales of $949.96 million during the same quarter last year, which suggests a negative year-over-year growth rate of 58.9%. The company is scheduled to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that Splunk will report full year sales of $390.46 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.25 billion. For the next financial year, analysts anticipate that the business will report sales of $1.56 billion per share, with estimates ranging from $1.55 billion to $1.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Splunk.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.59. The firm had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%.

Several equities analysts have recently weighed in on the company. Citigroup reissued a “hold” rating and set a $73.00 price target on shares of Splunk in a report on Monday, November 27th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, November 21st. Robert W. Baird reissued an “average” rating and set a $85.00 price target (up from $75.00) on shares of Splunk in a report on Monday, November 20th. Barclays increased their price target on Splunk from $73.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Finally, Bank of America raised their target price on Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have issued a buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus target price of $82.74.

Splunk (NASDAQ SPLK) traded down $0.39 during midday trading on Wednesday, hitting $79.70. The stock had a trading volume of 1,570,000 shares, compared to its average volume of 2,120,000. Splunk has a 12-month low of $50.64 and a 12-month high of $84.88.

In other Splunk news, insider Ledger Susan St. sold 10,316 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.17, for a total transaction of $723,873.72. Following the sale, the insider now directly owns 253,102 shares of the company’s stock, valued at $17,760,167.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas M. Neustaetter sold 3,614 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $67.70, for a total value of $244,667.80. Following the transaction, the director now owns 12,871 shares of the company’s stock, valued at approximately $871,366.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 588,672 shares of company stock worth $39,505,760. Insiders own 1.43% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of Splunk by 99.8% during the second quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock valued at $1,577,000 after purchasing an additional 13,849 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Splunk by 7.3% during the second quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock valued at $863,000 after purchasing an additional 1,032 shares in the last quarter. Swiss National Bank grew its position in shares of Splunk by 3.8% during the second quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock valued at $28,143,000 after purchasing an additional 17,900 shares in the last quarter. Royal Bank of Canada grew its position in shares of Splunk by 13.5% during the second quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock valued at $2,972,000 after purchasing an additional 6,212 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Splunk by 1.2% during the second quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock valued at $31,160,000 after purchasing an additional 6,713 shares in the last quarter.

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Splunk Company Profile

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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Earnings History and Estimates for Splunk (NASDAQ:SPLK)

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