News stories about Splunk (NASDAQ:SPLK) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Splunk earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the software company an impact score of 45.9919819698763 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Is Buying 52-Week Stock Like Splunk Inc. (SPLK) a Winning Strategy? – The Louisville Oracle (louisvilleoracle.com)
- Interested In Splunk Inc (NASDAQ:SPLK)? Here’s How It Performed Recently (finance.yahoo.com)
- Splunk Inc. (NASDAQ:SPLK) – Historical Performances are Key to Consider – Nasdaq Journal (nasdaqjournal.com)
- Splunk (SPLK) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Splunk Inc. (SPLK) projected to achieve earnings growth of -20.60% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
Splunk (NASDAQ SPLK) traded up $2.24 on Wednesday, reaching $108.67. 2,115,209 shares of the company traded hands, compared to its average volume of 1,844,249. Splunk has a 52-week low of $54.17 and a 52-week high of $109.88. The firm has a market capitalization of $15,263.36, a price-to-earnings ratio of -58.11 and a beta of 1.95.
SPLK has been the subject of several research analyst reports. Zacks Investment Research upgraded Splunk from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Argus upgraded Splunk from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. They noted that the move was a valuation call. BidaskClub upgraded Splunk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 6th. JPMorgan Chase & Co. raised their price target on Splunk from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, March 5th. Finally, Bank of America raised their price target on Splunk from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $98.26.
In related news, CFO David F. Conte sold 6,993 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the completion of the sale, the chief financial officer now directly owns 110,364 shares in the company, valued at $8,909,685.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.43% of the company’s stock.
Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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