Splunk (NASDAQ:SPLK – Get Rating) had its target price boosted by Royal Bank of Canada from $120.00 to $125.00 in a report published on Thursday, The Fly reports.
SPLK has been the topic of several other reports. William Blair started coverage on shares of Splunk in a research note on Wednesday, April 19th. They issued an outperform rating on the stock. Piper Sandler boosted their price objective on shares of Splunk from $118.00 to $123.00 in a research note on Thursday. Rosenblatt Securities reissued a buy rating and issued a $130.00 price objective on shares of Splunk in a research note on Tuesday, February 28th. BMO Capital Markets boosted their price objective on shares of Splunk from $100.00 to $113.00 and gave the company an outperform rating in a research note on Thursday, March 2nd. Finally, KeyCorp boosted their price objective on shares of Splunk from $130.00 to $135.00 in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Splunk presently has a consensus rating of Moderate Buy and an average price target of $118.19.
Splunk Trading Down 1.0 %
SPLK stock opened at $95.70 on Thursday. The company has a fifty day moving average price of $90.47 and a 200 day moving average price of $90.70. Splunk has a 12 month low of $65.00 and a 12 month high of $116.84.
Insiders Place Their Bets
In other Splunk news, Director Elisa Steele sold 3,050 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $105.00, for a total value of $320,250.00. Following the sale, the director now directly owns 14,481 shares in the company, valued at $1,520,505. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Splunk news, SVP Scott Morgan sold 2,000 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $101.04, for a total transaction of $202,080.00. Following the sale, the senior vice president now owns 115,907 shares in the company, valued at approximately $11,711,243.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Elisa Steele sold 3,050 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $105.00, for a total value of $320,250.00. Following the completion of the transaction, the director now owns 14,481 shares in the company, valued at approximately $1,520,505. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
Hedge Funds Weigh In On Splunk
Large investors have recently made changes to their positions in the business. Trifecta Capital Advisors LLC acquired a new position in shares of Splunk in the 4th quarter valued at about $25,000. New England Capital Financial Advisors LLC acquired a new position in shares of Splunk in the 4th quarter valued at about $25,000. Proficio Capital Partners LLC acquired a new position in shares of Splunk in the 1st quarter valued at about $30,000. Key Financial Inc increased its holdings in shares of Splunk by 1,153.8% in the 1st quarter. Key Financial Inc now owns 326 shares of the software company’s stock valued at $31,000 after purchasing an additional 300 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Splunk by 54.1% in the 1st quarter. Allworth Financial LP now owns 353 shares of the software company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 85.71% of the company’s stock.
About Splunk
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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