Equities research analysts forecast that Splunk Inc (NASDAQ:SPLK) will post earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Splunk’s earnings. The lowest EPS estimate is ($0.23) and the highest is $0.02. Splunk posted earnings per share of ($0.07) in the same quarter last year, which indicates a negative year-over-year growth rate of 85.7%. The company is scheduled to report its next quarterly earnings results on Thursday, May 23rd.
On average, analysts expect that Splunk will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $2.07. For the next financial year, analysts forecast that the business will post earnings of $2.19 per share, with EPS estimates ranging from $1.92 to $2.84. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Splunk.
Several brokerages have recently commented on SPLK. Piper Jaffray Companies increased their price target on shares of Splunk to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 27th. Jefferies Financial Group dropped their price target on shares of Splunk from $157.00 to $142.30 and set a “buy” rating on the stock in a research note on Friday, March 1st. Deutsche Bank upped their price objective on shares of Splunk to $160.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Maxim Group upped their price objective on shares of Splunk to $159.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Splunk in a report on Friday, March 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Splunk currently has a consensus rating of “Buy” and an average price target of $141.94.
In other Splunk news, CFO David F. Conte sold 7,820 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.05, for a total value of $1,001,351.00. Following the completion of the sale, the chief financial officer now directly owns 116,056 shares of the company’s stock, valued at approximately $14,860,970.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ledger Susan St. sold 4,668 shares of the stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $113.75, for a total transaction of $530,985.00. Following the completion of the sale, the insider now directly owns 221,642 shares of the company’s stock, valued at $25,211,777.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,853 shares of company stock valued at $3,929,076. Insiders own 0.36% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc lifted its holdings in shares of Splunk by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock worth $1,508,569,000 after purchasing an additional 37,885 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Splunk by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock valued at $377,486,000 after purchasing an additional 219,247 shares during the period. Norges Bank acquired a new stake in Splunk in the fourth quarter valued at about $210,940,000. FIL Ltd lifted its position in Splunk by 182.3% in the third quarter. FIL Ltd now owns 1,565,684 shares of the software company’s stock valued at $189,307,000 after purchasing an additional 1,011,095 shares during the period. Finally, Geode Capital Management LLC lifted its position in Splunk by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,338,165 shares of the software company’s stock valued at $140,208,000 after purchasing an additional 42,563 shares during the period. 93.95% of the stock is owned by hedge funds and other institutional investors.
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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