Splunk Inc. [NASDAQ: SPLK] gained 2.08% or 2.34 points to close at $114.58 with a heavy trading volume of 2681234 shares. The company report on January 5, 2022 that Splunk to Present at the Jefferies Virtual Software Summit.
Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced its participation at the Jefferies Virtual Software Summit.
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Shawn Bice, president of Products and Technology, and Jason Child, chief financial officer, will host a discussion and Q&A session beginning at 10:30 a.m. PT on Tuesday, January 11, 2022. Interested parties may access a live webcast of the session via the Splunk Investor Relations website at http://investors.splunk.com.
It opened the trading session at $111.55, the shares rose to $116.17 and dropped to $110.495, the range by which the price of stock traded the whole day. The daily chart for SPLK points out that the company has recorded -17.19% loss over the past six months. However, it is still -8.66% lower than its most recent low trading price.
If we look at the average trading volume of 2.18M shares, SPLK reached to a volume of 2681234 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Splunk Inc. [SPLK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPLK shares is $166.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPLK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Splunk Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 16, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on November 02, 2021, representing the official price target for Splunk Inc. stock. Previously, the target price had yet another raise from $177 to $190, while BMO Capital Markets kept a Outperform rating on SPLK stock. On August 11, 2021, analysts increased their price target for SPLK shares from 137 to 175.
The Average True Range (ATR) for Splunk Inc. is set at 4.87, with the Price to Sales ratio for SPLK stock in the period of the last 12 months amounting to 7.38. The Price to Book ratio for the last quarter was 103.23, with the Price to Cash per share for the same quarter was set at 9.93.
Trading performance analysis for SPLK stock
Splunk Inc. [SPLK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.30. With this latest performance, SPLK shares dropped by -2.89% in over the last four-week period, additionally sinking by -17.19% over the last 6 months – not to mention a drop of -29.72% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPLK stock in for the last two-week period is set at 43.66, with the RSI for the last a single of trading hit 47.51, and the three-weeks RSI is set at 41.55 for Splunk Inc. [SPLK]. The present Moving Average for the last 50 days of trading for this stock 131.12, while it was recorded at 115.06 for the last single week of trading, and 137.02 for the last 200 days.
Splunk Inc. [SPLK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Splunk Inc. [SPLK] shares currently have an operating margin of -34.50 and a Gross Margin at +74.66. Splunk Inc.’s Net Margin is presently recorded at -40.73.
Return on Total Capital for SPLK is now -18.66, given the latest momentum, and Return on Invested Capital for the company is -22.21. Return on Equity for this stock declined to -50.54, with Return on Assets sitting at -16.06. When it comes to the capital structure of this company, Splunk Inc. [SPLK] has a Total Debt to Total Equity ratio set at 169.38. Additionally, SPLK Total Debt to Total Capital is recorded at 62.88, with Total Debt to Total Assets ending up at 46.01. Long-Term Debt to Equity for the company is recorded at 165.22, with the Long-Term Debt to Total Capital now at 61.33.
Reflecting on the efficiency of the workforce at the company, Splunk Inc. [SPLK] managed to generate an average of -$139,689 per employee. Receivables Turnover for the company is 2.28 with a Total Asset Turnover recorded at a value of 0.39.Splunk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
An analysis of insider ownership at Splunk Inc. [SPLK]
There are presently around $15,555 million, or 87.00% of SPLK stock, in the hands of institutional investors. The top three institutional holders of SPLK stocks are: VANGUARD GROUP INC with ownership of 14,858,117, which is approximately 1.683% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 10,023,456 shares of the stock with an approximate value of $1.13 billion in SPLK stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.09 billion in SPLK stock with ownership of nearly -46.384% of the company’s market capitalization.
Positions in Splunk Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 351 institutional holders increased their position in Splunk Inc. [NASDAQ:SPLK] by around 20,319,883 shares. Additionally, 284 investors decreased positions by around 18,090,674 shares, while 114 investors held positions by with 100,175,797 shares. The mentioned changes placed institutional holdings at 138,586,354 shares, according to the latest SEC report filing. SPLK stock had 85 new institutional investments in for a total of 7,211,363 shares, while 65 institutional investors sold positions of 2,027,767 shares during the same period.