Sigma Planning Corp Has $354,000 Stake in Splunk Inc. (NASDAQ:SPLK)

Posted by Defense World Staff on Aug 14th, 2023

Sigma Planning Corp lowered its stake in shares of Splunk Inc. (NASDAQ:SPLK – Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,689 shares of the software company’s stock after selling 135 shares during the period. Sigma Planning Corp’s holdings in Splunk were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPLK. Handelsbanken Fonder AB lifted its stake in Splunk by 9.9% in the first quarter. Handelsbanken Fonder AB now owns 34,684 shares of the software company’s stock valued at $3,326,000 after purchasing an additional 3,114 shares during the last quarter. Arizona State Retirement System boosted its position in Splunk by 4.2% during the 4th quarter. Arizona State Retirement System now owns 46,053 shares of the software company’s stock valued at $3,965,000 after buying an additional 1,875 shares during the period. CHICAGO TRUST Co NA bought a new position in Splunk during the 1st quarter valued at approximately $284,000. Forsta AP Fonden increased its position in Splunk by 141.3% during the 1st quarter. Forsta AP Fonden now owns 102,800 shares of the software company’s stock valued at $9,856,000 after purchasing an additional 60,200 shares during the period. Finally, Biltmore Family Office LLC bought a new stake in Splunk during the 4th quarter valued at approximately $391,000. Institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Scott Morgan sold 4,996 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $104.19, for a total value of $520,533.24. Following the completion of the transaction, the senior vice president now directly owns 122,889 shares of the company’s stock, valued at approximately $12,803,804.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Scott Morgan sold 4,996 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $104.19, for a total value of $520,533.24. Following the completion of the transaction, the senior vice president now owns 122,889 shares of the company’s stock, valued at approximately $12,803,804.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Steele sold 9,600 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $104.47, for a total transaction of $1,002,912.00. Following the completion of the sale, the chief executive officer now owns 167,254 shares of the company’s stock, valued at $17,473,025.38. The disclosure for this sale can be found here. Insiders have sold 16,384 shares of company stock valued at $1,712,330 over the last quarter. Insiders own 0.17% of the company’s stock.

Splunk Stock Down 0.4 %

SPLK opened at $98.43 on Monday. Splunk Inc. has a twelve month low of $65.00 and a twelve month high of $116.33. The company has a fifty day simple moving average of $104.22 and a 200 day simple moving average of $98.30.

Splunk (NASDAQ:SPLK – Get Free Report) last announced its earnings results on Wednesday, May 24th. The software company reported ($0.91) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.12. The business had revenue of $751.51 million for the quarter, compared to analysts’ expectations of $719.02 million. Equities research analysts forecast that Splunk Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPLK shares. StockNews.com upgraded Splunk from a “hold” rating to a “buy” rating in a research note on Friday, May 26th. KeyCorp boosted their price target on shares of Splunk from $130.00 to $135.00 in a research note on Thursday, May 25th. Bank of America boosted their price objective on Splunk from $125.00 to $130.00 in a research note on Thursday, May 25th. BTIG Research boosted their price objective on Splunk from $121.00 to $128.00 in a report on Thursday, May 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Splunk from $95.00 to $110.00 in a report on Thursday, May 25th. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.63.

Get Our Latest Report on SPLK

Splunk Company Profile

(Free Report)

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.