Keybank National Association OH Sells 2,475 Shares of Splunk Inc. (NASDAQ:SPLK)

Keybank National Association OH cut its stake in shares of Splunk Inc. (NASDAQ:SPLKFree Report) by 43.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,211 shares of the software company’s stock after selling 2,475 shares during the quarter. Keybank National Association OH’s holdings in Splunk were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in Splunk by 45.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,823 shares of the software company’s stock valued at $559,000 after purchasing an additional 1,197 shares during the last quarter. Quantbot Technologies LP bought a new position in Splunk during the 3rd quarter valued at approximately $8,211,000. Metis Global Partners LLC raised its position in Splunk by 12.8% during the 3rd quarter. Metis Global Partners LLC now owns 2,535 shares of the software company’s stock valued at $371,000 after purchasing an additional 288 shares during the last quarter. abrdn plc raised its position in Splunk by 6.9% during the 3rd quarter. abrdn plc now owns 150,902 shares of the software company’s stock valued at $22,069,000 after purchasing an additional 9,767 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Splunk by 19.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,968 shares of the software company’s stock valued at $9,940,000 after purchasing an additional 11,169 shares during the last quarter. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SPLK shares. StockNews.com started coverage on Splunk in a research report on Wednesday. They set a “buy” rating for the company. Truist Financial lowered Splunk from a “buy” rating to a “hold” rating and set a $157.00 target price for the company. in a research report on Wednesday, November 29th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $157.00 target price on shares of Splunk in a research report on Monday, November 27th. Twenty-four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Splunk presently has an average rating of “Hold” and an average price target of $134.00.

Get Our Latest Analysis on SPLK

Insider Activity at Splunk

In related news, SVP Scott Morgan sold 5,017 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $152.28, for a total value of $763,988.76. Following the completion of the sale, the senior vice president now owns 89,265 shares in the company, valued at $13,593,274.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Splunk Stock Down 0.1 %

Shares of NASDAQ:SPLK opened at $153.42 on Thursday. Splunk Inc. has a 1 year low of $82.19 and a 1 year high of $153.88. The business has a 50 day simple moving average of $152.40 and a two-hundred day simple moving average of $138.23. The firm has a market capitalization of $25.85 billion, a PE ratio of 365.29, a price-to-earnings-growth ratio of 3.03 and a beta of 1.02. The company has a debt-to-equity ratio of 15.61, a current ratio of 1.69 and a quick ratio of 1.69.

Splunk (NASDAQ:SPLKGet Free Report) last announced its earnings results on Tuesday, November 28th. The software company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.47. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Splunk had a negative return on equity of 689.21% and a net margin of 2.66%. On average, equities analysts predict that Splunk Inc. will post 0.9 EPS for the current year.

Splunk Profile

(Free Report)

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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