Trade Report: Today: Splunk Inc. (SPLK) Set to Announce Earnings on Tuesday

Today: Splunk Inc. (SPLK) Set to Announce Earnings on Tuesday

Splunk Inc. (NASDAQ:SPLK) is scheduled to be releasing its Q317 earnings data on Tuesday, November 29th. Analysts expect Splunk to post earnings of $0.08 per share and revenue of $230.33 million for the quarter.

Shares of Splunk Inc. (NASDAQ:SPLK) opened at 58.33 on Monday. The stock’s market cap is $7.85 billion. Splunk Inc. has a one year low of $29.85 and a one year high of $65.75. The firm has a 50-day moving average of $59.12 and a 200-day moving average of $58.41.

In other Splunk news, SVP Leonard R. Stein sold 1,075 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $60.00, for a total transaction of $64,500.00. Following the completion of the transaction, the senior vice president now directly owns 115,262 shares in the company, valued at $6,915,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Leonard R. Stein sold 3,435 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $58.64, for a total transaction of $201,428.40. Following the transaction, the senior vice president now owns 116,437 shares of the company’s stock, valued at $6,827,865.68. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Splunk by 0.8% in the third quarter. Principal Financial Group Inc. now owns 24,685 shares of the software company’s stock worth $1,449,000 after buying an additional 198 shares during the period. Veritable L.P. boosted its stake in shares of Splunk by 19.8% in the second quarter. Veritable L.P. now owns 5,069 shares of the software company’s stock worth $275,000 after buying an additional 839 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Splunk by 2.7% in the second quarter. Alliancebernstein L.P. now owns 83,249 shares of the software company’s stock worth $4,510,000 after buying an additional 2,170 shares during the period. KCG Holdings Inc. boosted its stake in shares of Splunk by 12.1% in the second quarter. KCG Holdings Inc. now owns 24,194 shares of the software company’s stock worth $1,311,000 after buying an additional 2,617 shares during the period. Finally, Advisor Group Inc. acquired a new stake in shares of Splunk during the second quarter worth approximately $157,000. Institutional investors own 98.38% of the company’s stock.

A number of equities analysts recently commented on the stock. Barclays PLC lifted their price target on shares of Splunk from $51.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, August 26th. Stifel Nicolaus cut shares of Splunk from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Splunk from $58.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Wedbush reaffirmed an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Splunk in a research note on Sunday, August 28th. Finally, Vetr cut shares of Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 price target for the company. in a research note on Tuesday, October 4th. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $66.77.

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