Boothbay Fund Management LLC grew its stake in shares of Splunk Inc. (NASDAQ:SPLK – Get Rating) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,058 shares of the software company’s stock after purchasing an additional 517 shares during the period. Boothbay Fund Management LLC’s holdings in Splunk were worth $230,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Splunk by 3.6% during the first quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock valued at $455,000 after purchasing an additional 105 shares during the last quarter. Nicollet Investment Management Inc. lifted its holdings in shares of Splunk by 1.5% during the second quarter. Nicollet Investment Management Inc. now owns 8,605 shares of the software company’s stock valued at $761,000 after purchasing an additional 125 shares during the last quarter. Prelude Capital Management LLC lifted its holdings in shares of Splunk by 2.7% during the second quarter. Prelude Capital Management LLC now owns 4,845 shares of the software company’s stock valued at $429,000 after purchasing an additional 129 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Splunk by 2.7% during the first quarter. Captrust Financial Advisors now owns 5,711 shares of the software company’s stock valued at $849,000 after purchasing an additional 149 shares during the last quarter. Finally, Toroso Investments LLC lifted its holdings in shares of Splunk by 5.3% during the first quarter. Toroso Investments LLC now owns 3,094 shares of the software company’s stock valued at $460,000 after purchasing an additional 156 shares during the last quarter. 85.71% of the stock is owned by hedge funds and other institutional investors.
Splunk Stock Down 1.4 %
SPLK opened at $100.75 on Friday. The stock’s 50 day moving average price is $95.92 and its two-hundred day moving average price is $88.60. Splunk Inc. has a 12-month low of $65.00 and a 12-month high of $150.79.
Insider Buying and Selling at Splunk
In other Splunk news, SVP Scott Morgan sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $88.13, for a total value of $88,130.00. Following the sale, the senior vice president now owns 122,953 shares of the company’s stock, valued at approximately $10,835,847.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company’s stock.
Wall Street Analyst Weigh In
SPLK has been the subject of several research analyst reports. Evercore ISI reduced their price objective on Splunk to $119.00 in a research note on Friday, December 2nd. Needham & Company LLC increased their price objective on Splunk from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company increased their price objective on Splunk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada increased their price objective on Splunk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. Finally, Mizuho reduced their price objective on Splunk from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Splunk has an average rating of “Moderate Buy” and an average price target of $118.88.
Splunk Company Profile
Splunk, Inc engages in the development and marketing of cloud software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for Information Technology operations, security, internet-of-things, application analytics, business analytics, and industries.
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