Shares of the company are trading at $68.25 marginally over the 50 day moving average of $63.07 and quite a bit above the 200 day moving average of $61.94. The 50 day moving average went up $5.18 or +8.22% and the 200 day average went up $6.31 or +10.19%. (NASDAQ:SPLK) shares saw light trading volume with 703K shares changing hands on Wednesday. Overall, volume was down 73.80% under the stocks normal daily volume.
Short traders are feeling a little more bearish on the company as evidenced by the rise in short interest. The company realized a rise in short interest of 0.62% as of the latest report on August 31, 2017. Short interest grew from 13,211,286 to 13,292,801 over that period. With short interest at 13,292,801 and short average daily volume at 2,141,189, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.10% as of August 31.
Here is a rundown on some insider market activity for Splunk Inc. (NASDAQ:SPLK). Leonard R. Stein, Sr VP disclosed the sale of 4,851 shares of SPLK stock. The shares were sold on September 12th for an average price of $67.79. The Sr VP now owns $6,057,647 of the stock per the Form 4 SEC filing. Godfrey Sullivan, Director reported the sale of 120,000 shares of (SPLK). The shares sold for $59.13. Sullivan now owns $42,546,400 of the stock according to the SEC filing.
Here are a few substantial investment firms who have updated their positions. Perigon Wealth Management, LLC grew its stake by buying 21,297 shares an increase of 302.7% from 03/31/2017 to 06/30/2017. Perigon Wealth Management, LLC now holds 28,332 shares valued at $1,612,000. The value of the position overall is up by 268.0%. As of the end of the quarter Next Financial Group, Inc had disposed of a total of 100 shares trimming its stake by 12.9%. The value of the total investment in Splunk Inc. increased from $50,000 to $38,000,000 a change of 75,900.0% since the last quarter.
Motley Fool Wealth Management, LLC bolstered its ownership by buying 63,168 shares an increase of 26.1% in the quarter. Motley Fool Wealth Management, LLC claims 305,092 shares with a value of $17,357,000. The total value of its holdings increased 15.2%. Janus Capital Management LLC downsized its investment by selling 467,000 shares a decrease of 63.4% as of 03/31/2017. Janus Capital Management LLC currently owns 269,596 shares worth $16,793,000. The total value of its holdings decreased 55.4%.
On August 25 the stock rating was upgraded to “Positive” from “Neutral” by analysts at Susquehanna. On August 25 Morgan Stanley made no change to the stock rating of “Overweight” and raised the price expectation from $62.00 to $77.00.
August 25 investment analysts at Citigroup left the stock rating at “Neutral” and raised the price target to $70.00 from $63.00. On August 25 Canaccord Genuity held the stock rating at “Equal-Weight” but raised the price expectation from $65.00 to $67.00.
August 25 investment analysts at Barclays kept the company rating at “Outperform” and moved up the price target to $72.00 from $56.00.
In the latest earnings report the EPS was $-2.56 and is projected to be $0.54 for the current year with 139,990,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.32 with next year’s EPS anticipated to be $0.82.
Splunk Inc. (Splunk), launched on April 11, 2006, is involved in the development and marketing of software solutions. The Business’s offerings enable users to collect, index, search, explore, monitor and analyze data. The Business’s offerings address diverse data sets that are referred to as big data and are specifically used for machine data. Machine data is produced by various software application and electronic devices in an organization and contains a definitive, time-stamped record of various activities, such as transactions, customer and user activities and security threats. The Business’s products help users in various roles, including information technology (IT), security and business professionals, to analyze their machine data and achieve real-time visibility into and intelligence about their organization’s operations. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats..