Splunk Inc. [SPLK] Revenue clocked in at $2.67 billion, down -3.18% YTD: What’s Next?

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Splunk Inc. [NASDAQ: SPLK] loss -8.84% on the last trading session, reaching $112.04 price per share at the time. The company report on May 5, 2022 that Splunk Names Katie Bianchi Chief Customer Officer.

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Data Platform Leader Reinforces Commitment to Worldwide Customer Success.

Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced the appointment of Katie Bianchi to Senior Vice President and Chief Customer Officer. Reporting to Gary Steele, Splunk President and CEO, and effective immediately, Bianchi leads the organization’s mission to help customers achieve exceptional outcomes and ongoing value with Splunk.

Splunk Inc. represents 159.09 million in outstanding shares, while the company has a total market value of $18.64 billion with the latest information. SPLK stock price has been found in the range of $111.50 to $122.065.

If compared to the average trading volume of 2.24M shares, SPLK reached a trading volume of 2942723 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 $159.24 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.

Daiwa Securities have made an estimate for Splunk Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 04, 2022. The new note on the price target was released on February 22, 2022, representing the official price target for Splunk Inc. stock. Previously, the target price had yet another raise from $117 to $120, while Citigroup kept a Neutral rating on SPLK stock.

The Average True Range (ATR) for Splunk Inc. is set at 6.27, with the Price to Sales ratio for SPLK stock in the period of the last 12 months amounting to 6.97. The Price to Book ratio for the last quarter was 80.03, with the Price to Cash per share for the same quarter was set at 10.31. Price to Free Cash Flow for SPLK in the course of the last twelve months was 158.94 with Quick ratio for the last quarter at 1.60.

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 -11.33. With this latest performance, SPLK shares dropped by -20.30% in over the last four-week period, additionally sinking by -32.61% over the last 6 months – not to mention a drop of -4.06% 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 34.23, with the RSI for the last a single of trading hit 28.39, and the three-weeks RSI is set at 38.55 for Splunk Inc. [SPLK]. The present Moving Average for the last 50 days of trading for this stock 129.59, while it was recorded at 120.57 for the last single week of trading, and 135.31 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 -41.97 and a Gross Margin at +72.55. Splunk Inc.’s Net Margin is presently recorded at -50.08.

Return on Equity for this stock declined to -147.41, with Return on Assets sitting at -22.97.

Splunk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

An analysis of insider ownership at Splunk Inc. [SPLK]

There are presently around $17,653 million, or 93.10% of SPLK stock, in the hands of institutional investors. The top three institutional holders of SPLK stocks are: VANGUARD GROUP INC with ownership of 14,710,340, which is approximately -0.995% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 9,796,947 shares of the stock with an approximate value of $1.2 billion in SPLK stocks shares; and VULCAN VALUE PARTNERS, LLC, currently with $1.14 billion in SPLK stock with ownership of nearly New of the company’s market capitalization.

Positions in Splunk Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 323 institutional holders increased their position in Splunk Inc. [NASDAQ:SPLK] by around 24,169,046 shares. Additionally, 362 investors decreased positions by around 21,182,522 shares, while 93 investors held positions by with 98,274,557 shares. The mentioned changes placed institutional holdings at 143,626,125 shares, according to the latest SEC report filing. SPLK stock had 88 new institutional investments in for a total of 12,407,567 shares, while 107 institutional investors sold positions of 2,294,306 shares during the same period.