3/13/2023 0 Comments Splunk share price![]() ![]() Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost?.MarketBeat: Week in Review 11/28 – 12/02.Get a free copy of the research report on Splunk (SPLK).The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The firm has a market cap of $14.42 billion, a price-to- earnings ratio of -20.71 and a beta of 1.38. Splunk Stock Performance The business has a fifty day simple moving average of $78.23 and a 200-day simple moving average of $91.61. Institutional investors and hedge funds own 85.49% of the company's stock. IndexIQ Advisors LLC now owns 3,820 shares of the software company's stock worth $567,000 after purchasing an additional 1,128 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its holdings in Splunk by 41.9% in the 1st quarter. Independent Advisor Alliance acquired a new position in Splunk in the 1st quarter worth about $224,000. ![]() IFM Investors Pty Ltd now owns 24,937 shares of the software company's stock worth $3,706,000 after purchasing an additional 4,597 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Splunk by 22.6% in the 1st quarter. Wolverine Asset Management LLC now owns 235 shares of the software company's stock worth $34,000 after purchasing an additional 2,800 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Splunk by 109.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 19,727 shares of the software company's stock worth $2,931,000 after buying an additional 136 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Splunk by 0.7% during the 1st quarter. Get Splunk alerts: Hedge Funds Weigh In On SplunkĪ number of institutional investors have recently modified their holdings of SPLK. Based on data from, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.81. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Finally, Loop Capital decreased their price target on Splunk from $160.00 to $135.00 in a research note on Thursday, August 25th. Stifel Nicolaus decreased their price target on Splunk from $115.00 to $97.00 in a research note on Thursday. Piper Sandler decreased their price target on Splunk from $120.00 to $105.00 in a research note on Thursday. Credit Suisse Group decreased their price target on Splunk from $180.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, August 25th. Rosenblatt Securities decreased their price target on Splunk to $130.00 in a research note on Friday. Splunk shares last traded at $88.88, with a volume of 44,807 shares trading hands.Ī number of other research firms also recently weighed in on SPLK. ![]() The stock had previously closed at $77.68, but opened at $83.78. (NASDAQ:SPLK – Get Rating)'s share price gapped up prior to trading on Thursday after Wells Fargo & Company raised their price target on the stock to $105.00. Meanwhile, of the 28 analysts in coverage, 17 carry a "buy" or better rating and 11 sport a tepid "hold." The 12-month consensus price target of $128.01 is a 73% premium to current levels.Splunk Inc. This indicates a bullish sentiment shift, as SPLK's 10-day put/call volume ratio of 1.54 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than all but 1% of readings in its annual range. The October 105 call is the most popular, followed by the October 70 put. So far, 3,767 calls and 3,443 puts have crossed the tape. In the options pits, options volume is running a triple the intraday average. The 20-day moving average, which has been guiding the shares lower over the past month, still remains overhead, however. This positive price action has SPLK rising further from its Oct. This update comes after last week's announcement of two new directors, including a partner from Hellman & Friedman - a private equity firm that holds roughly 8% of the company's stake. Splunk Inc (NASDAQ:SPLK) stock is up 5.6% at $74.15 at last check, after news that activist investor Starboard Value LP has about 5% stake in the software name, and plans to boost the stock's share price. ![]()
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