Splunk (NASDAQ:SPLK): The stock price is expected to reach $ 65.04 in the short term. The number of analysts agreeing with this consensus is 25. The higher estimate for the short term price target is at $86 while the lower estimate is at $30. The standard deviation of the price stands at $12.42.
Many analysts have stated their opinion on the company shares. Citigroup maintains its view on Splunk (NASDAQ:SPLK) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $53 per share to $62 per share on Splunk . The rating by the firm was issued on May 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Stein Leonard R, officer (SVP, General Counsel & Sec.) of Splunk Inc, unloaded 1,000 shares at an average price of $60 on June 8, 2016. The total amount of the transaction was worth $60,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Splunk (NASDAQ:SPLK) : On Monday heightened volatility was witnessed in Splunk (NASDAQ:SPLK) which led to swings in the share price. The stock opened for trading at $55.66 and hit $57.4 on the upside , eventually ending the session at $56.31, with a gain of 0.28% or 0.16 points. The heightened volatility saw the trading volume jump to 1,533,340 shares. The 52-week high of the share price is $76.85 and the company has a market cap of $7,482 million. The 52-week low of the share price is at $29.85 .
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.