Impact of Brokerage Rating on Splunk Inc.(SPLK)

Many Splunk Inc.(SPLK) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Splunk Inc was Initiated by Argus to Hold on Jan 27, 2017. Splunk Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Company shares were Reiterated by Wedbush on Nov 30, 2016 to Outperform, Raises Price Target to $ 75 from a previous price target of $72 .

Company has reported several Insider transactions to the SEC, on Feb 6, 2017, Leonard R Stein (SVP, General Counsel & Sec.) sold 8,791 shares at 60.00 per share price.On Jan 11, 2017, Godfrey Sullivan (director) sold 120,000 shares at 56.36 per share price.On Dec 14, 2016, Douglas Merritt (President and CEO) sold 6,155 shares at 56.62 per share price.

Splunk Inc Last issued its quarterly earnings results on May 26, 2016. The company reported $-0.02 EPS for the quarter. Analyst had a consensus estimate of $-0.02. The company had revenue of $186.00 million for the quarter, compared to analysts expectations of $174.18 million. The companys revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Splunk Inc. (NASDAQ:SPLK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.48 by 29 Brokerage Firm. 21 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 6 Brokerage Firms have advised hold.

Splunk Inc. (NASDAQ:SPLK) should head towards $71.96 per share according to 23 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $56 per share. The higher price estimate target is at $90 according to the Analysts.

Splunk Inc. (NASDAQ:SPLK) witnessed a decline in the market cap on Tuesday as its shares dropped 0.24% or 0.15 points. After the session commenced at $62.21, the stock reached the higher end at $62.21 while it hit a low of $61.61. With the volume soaring to 1,380,309 shares, the last trade was called at $61.93. The company has a 52-week high of $65.75. The company has a market cap of $8,401 million and there are 135,660,770 shares in outstanding. The 52-week low of the share price is $31.28.

Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California.


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