Splunk Inc. (NASDAQ: SPLK) is -23.41% lower on its value in year-to-date trading and has touched a low of $84.63 and a high of $176.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPLK stock was last observed hovering at around $91.52 in the last trading session, with the day’s loss setting it -2.89% off its average median price target of $127.50 for the next 12 months. It is also 55.69% off the consensus price target high of $200.00 offered by 37 analysts, but current levels are 6.71% higher than the price target low of $95.00 for the same period.
Currently trading at $88.63, the stock is -6.50% and -12.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -3.16% at the moment leaves the stock -20.66% off its SMA200. SPLK registered -39.61% loss for a year compared to 6-month loss of -33.85%.
The stock witnessed a -18.85% gain in the last 1 month and extending the period to 3 months gives it a -5.28%, and is -8.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.67% over the week and 3.84% over the month.
Splunk Inc. (SPLK) has around 7000 employees, a market worth around $14.85B and $3.04B in sales. Fwd P/E is 48.09. Profit margin for the company is -32.80%. Distance from 52-week low is 4.73% and -49.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.70%).
Splunk Inc. (SPLK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Splunk Inc. (SPLK) is a “Overweight”. 37 analysts offering their recommendations for the stock have an average rating of 2.20, where 12 rate it as a Hold and 3 think it is a “Overweight”. 22 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Splunk Inc. is expected to release its quarterly report on 11/30/2022.The EPS is expected to shrink by -45.80% this year.
Splunk Inc. (SPLK) Top Institutional Holders
The shares outstanding are 161.79M, and float is at 161.61M with Short Float at 3.39%.
Splunk Inc. (SPLK) Insider Activity
A total of 32 insider transactions have happened at Splunk Inc. (SPLK) in the last six months, with sales accounting for 15 and purchases happening 17 times. The most recent transaction is an insider sale by Child Jason,the company’sSVP & Chief Financial Officer. SEC filings show that Child Jason sold 2,000 shares of the company’s common stock on Sep 07 at a price of $87.04 per share for a total of $0.17 million. Following the sale, the insider now owns 0.21 million shares.
Splunk Inc. disclosed in a document filed with the SEC on Sep 06 that Morgan Scott (SVP, CLO, Global Affairs & Sec) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Sep 06 and was made at $87.57 per share for $87570.0. Following the transaction, the insider now directly holds 0.13 million shares of the SPLK stock.
Still, SEC filings show that on Jun 16, Bice Shawn (President of PROD & TECH) disposed off 31,316 shares at an average price of $87.73 for $2.75 million. The insider now directly holds 103,680 shares of Splunk Inc. (SPLK).
Splunk Inc. (SPLK): Who are the competitors?
The company’s main competitors (and peers) include Teradata Corporation (TDC) that is trading -42.25% down over the past 12 months and MicroStrategy Incorporated (MSTR) that is -66.59% lower over the same period. International Business Machines Corporation (IBM) is -1.55% down on the 1-year trading charts.