Splunk Inc. (NASDAQ:SPLK – Get Free Report) has earned a consensus rating of “Hold” from the twenty-eight ratings firms that are covering the company, MarketBeat reports. Twenty-three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $135.31.
Several analysts have issued reports on the company. StockNews.com assumed coverage on Splunk in a research note on Friday. They issued a “buy” rating on the stock. TheStreet raised Splunk from a “c” rating to a “b” rating in a research note on Tuesday, February 27th.
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Splunk Stock Performance
Splunk (NASDAQ:SPLK – Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The software company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $1.42. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. Equities research analysts forecast that Splunk will post 1.62 EPS for the current year.
Institutional Trading of Splunk
Several institutional investors and hedge funds have recently bought and sold shares of the business. Raleigh Capital Management Inc. increased its stake in shares of Splunk by 546.2% during the third quarter. Raleigh Capital Management Inc. now owns 168 shares of the software company’s stock worth $25,000 after purchasing an additional 142 shares during the period. Riverview Trust Co bought a new position in shares of Splunk during the first quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in shares of Splunk during the third quarter worth approximately $33,000. Quest Partners LLC bought a new position in shares of Splunk during the fourth quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC bought a new position in Splunk during the 3rd quarter worth $42,000. Institutional investors own 87.56% of the company’s stock.
Splunk Company Profile
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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