Press coverage about Splunk (NASDAQ:SPLK) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the software company an impact score of 45.4967673447542 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Splunk (SPLK) PT Raised to $100.00 (americanbankingnews.com)
- Identify Buy Sell Signals using Technical Indicators of Splunk Inc. (SPLK) – Wall Street Morning (wallstreetmorning.com)
- Splunk Inc. (NASDAQ:SPLK) – Investor’s Roundup (PEG Analysis) – Nasdaq Journal (press release) (nasdaqjournal.com)
- Splunk (SPLK) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Splunk Inc. (NASDAQ:SPLK) – Hot Stock’s Watch List – Nasdaq Journal (press release) (nasdaqjournal.com)
A number of analysts recently issued reports on the stock. Deutsche Bank raised their price objective on shares of Splunk to $100.00 and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a report on Friday. Barclays upgraded shares of Splunk from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $105.00 in a research note on Monday, January 8th. Robert W. Baird lifted their target price on shares of Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Finally, Citigroup reiterated a “hold” rating and issued a $73.00 target price on shares of Splunk in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average price target of $84.06.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. The business had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. sell-side analysts forecast that Splunk will post -1.3 EPS for the current year.
In related news, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total value of $390,699.54. Following the completion of the sale, the senior vice president now directly owns 89,157 shares of the company’s stock, valued at approximately $7,180,704.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the 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 sale, the chief financial officer now directly owns 110,364 shares of the company’s stock, valued at $8,909,685.72. The disclosure for this sale can be found here. Insiders sold a total of 201,036 shares of company stock worth $14,132,192 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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