Splunk Inc. (NASDAQ:SPLK) Shares Sold by Victory Capital Management Inc.

Posted by Defense World Staff on May 26th, 2023

Victory Capital Management Inc. lessened its holdings in shares of Splunk Inc. (NASDAQ:SPLK – Get Rating) by 57.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,167 shares of the software company’s stock after selling 110,358 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Splunk worth $7,814,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New England Capital Financial Advisors LLC acquired a new stake in Splunk during the 4th quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new stake in Splunk during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. acquired a new stake in Splunk during the 4th quarter worth approximately $45,000. Altshuler Shaham Ltd acquired a new stake in Splunk during the 3rd quarter worth approximately $45,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Splunk during the 1st quarter worth approximately $89,000. Institutional investors and hedge funds own 85.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. William Blair assumed coverage on shares of Splunk in a research report on Wednesday, April 19th. They issued an “outperform” rating for the company. TheStreet raised shares of Splunk from a “d” rating to a “c-” rating in a research report on Thursday, March 2nd. Stifel Nicolaus increased their price objective on shares of Splunk from $97.00 to $105.00 in a research report on Thursday. Cowen increased their price objective on shares of Splunk from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, February 21st. Finally, Bank of America increased their price objective on shares of Splunk from $125.00 to $130.00 in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.19.

Insider Activity

In other news, SVP Scott Morgan sold 2,000 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $101.04, for a total transaction of $202,080.00. Following the transaction, the senior vice president now directly owns 115,907 shares of the company’s stock, valued at $11,711,243.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Elisa Steele sold 3,050 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $105.00, for a total transaction of $320,250.00. Following the transaction, the director now directly owns 14,481 shares of the company’s stock, valued at $1,520,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Morgan sold 2,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $101.04, for a total value of $202,080.00. Following the transaction, the senior vice president now directly owns 115,907 shares in the company, valued at $11,711,243.28. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Splunk Trading Down 1.0 %

SPLK stock opened at $95.70 on Friday. Splunk Inc. has a 1 year low of $65.00 and a 1 year high of $116.84. The stock’s fifty day moving average is $90.47 and its two-hundred day moving average is $90.70.

Splunk (NASDAQ:SPLK – Get Rating) last posted its earnings results on Wednesday, March 1st. The software company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $1.41. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.07 billion. Equities analysts anticipate that Splunk Inc. will post -0.55 earnings per share for the current year.

Splunk Company Profile

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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.