Splunk Inc. (NASDAQ:SPLK) registered a 0.05% increase, still its new closing price is 94.87% up from the company’s 1 year high of 65.75.It posted 0.76% gains in previous 5 sessions and is now the subject of 10 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 14 buy or better ratings. The 41 stock analysts following this company have an average price target at $70.92, with individual PT in the $56.00-$90.00 range. The shares moved at $58.17, implying that brokerage firms see shares gaining about 23.77% in twelve months time.
Splunk Inc. (SPLK) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 13.72% rise year to date. A SVP, General Counsel & Sec. at Splunk Inc. (SPLK) offloaded shares in a transaction closed on Wednesday January 25, 2017. STEIN LEONARD R sold 1,209 shares in the company at $60 each and collected $72,001 in proceeds. STEIN LEONARD R now owns 90,240 shares in the company after this transaction. A Director in the company, SULLIVAN GODFREY, disclosed a transaction on Wednesday January 11, 2017 that ended up generating $6,768,000 from the sale of 120,000 shares at $56.4 per share.
Splunk Inc. (NASDAQ:SPLK) Upcoming Results on Tap
Splunk Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.02 in that period. Sales during the quarter are predicted to arrive at $241.54 million.
Earnings surprise history: Last quarter, the company posted approximately $244.79 million in revenue and EPS of $0.12. The mean forecast was for $230.37 million and $0.08 a share, respectively. One quarter earlier, revenue for the stock was at $212.75 million, with earnings at $0.05/share.
Splunk Inc. (SPLK) Brokerage Update
Splunk Inc. (SPLK) is in Guggenheim’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Guggenheim, according to news reported on Tuesday October 04, 2016.Another important research note was issued by Stifel on Friday August 26, 2016.The firm downgraded SPLK to Hold from Buy. Over the last six months and over the last three months, the shares of Splunk Inc. (SPLK), have changed -3.20% and -5.74%, respectively.