Splunk (SPLK) has an average broker rating of 1.4, which is interpreted as a Strong Buy, as rated by 26 equity analysts. Nonetheless, 19 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Splunk (SPLK) : Currently there are 26 street experts covering Splunk (SPLK) stock. The most bullish and bearish price target for the stock is $86 and $30 respectively for the short term. The average price target of all the analysts comes to $66.54. The estimated standard deviation from the target is $12.94.
For the current week, the company shares have a recommendation consensus of Buy. Splunk (NASDAQ:SPLK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.27 and $62.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.45, notching a gain of 2.06% for the day. The total traded volume was 1,278,279 . The stock had closed at $62.17 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & Chief Marketing Officer) of Splunk Inc, Sommer Steven R had sold 5,000 shares worth of $294,450 in a transaction dated July 18, 2016. In this transaction, 5,000 shares were sold at $58.89 per share.
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.