News articles about Splunk (NASDAQ:SPLK) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the software company an impact score of 46.5924189669632 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Splunk INC (SPLK) Shareholder Sumitomo Mitsui Asset Management Company LTD Has Cut Its Holding – NMSU Hеrаld (nmsuherald.com)
- Splunk Inc. (NASDAQ:SPLK) – Market Worth in Focus – Nasdaq Journal (nasdaqjournal.com)
- Can Splunk Inc Stock Surge Another 14% Soon? (investorplace.com)
- Splunk Inc. (SPLK) Stock Price stands 10.80% away from 20 SMA – Nasdaq Chronicle (nasdaqchronicle.com)
- Splunk Inc (SPLK) Insider Sells $3,030,931.90 in Stock (americanbankingnews.com)
Several research firms have recently issued reports on SPLK. Zacks Investment Research raised shares of Splunk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Argus raised shares of 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 raised shares of Splunk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 6th. JPMorgan Chase & Co. boosted their price target on shares of Splunk from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, March 5th. Finally, Bank of America boosted their price target on shares of Splunk from $110.00 to $120.00 and gave the stock 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average price target of $98.26.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. The firm had revenue of $419.70 million for the quarter, compared to analysts’ expectations of $390.79 million. During the same quarter in the prior year, the business earned $0.25 EPS. The business’s quarterly revenue was up 37.0% on a year-over-year basis. sell-side analysts anticipate that Splunk will post -1.21 earnings per share for the current year.
In other Splunk news, Director Godfrey Sullivan sold 8,750 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $107.60, for a total transaction of $941,500.00. Following the sale, the director now owns 161,700 shares in the company, valued at approximately $17,398,920. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David F. Conte sold 12,969 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $107.62, for a total transaction of $1,395,723.78. Following the sale, the chief financial officer now owns 106,582 shares in the company, valued at approximately $11,470,354.84. The disclosure for this sale can be found here. Insiders sold a total of 60,279 shares of company stock worth $6,452,127 in the last quarter. Company insiders own 1.43% of the company’s stock.
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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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