Splunk (SPLK) Given Daily News Sentiment Rating of 0.22

Media stories about Splunk (NASDAQ:SPLK) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Splunk earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the software company an impact score of 46.2479827160861 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

• Splunk Inc. (SPLK) Director Godfrey Sullivan Sells 120,000 Shares (americanbankingnews.com)
• Splunk Inc. (SPLK) Director Sells $2,325,200.00 in Stock (americanbankingnews.com)
• Splunk Inc. (SPLK) Earns Neutral Rating from Mizuho (americanbankingnews.com)
• Oxford Asset Management Buys Shares of 27799 Eli Lilly and Company (LLY) (vothemes.com)
• Eli Lilly and Company (LLY) Position Increased by Alliancebernstein LP (expressnewsline.com)

Splunk (NASDAQ SPLK) traded up 4.29% during mid-day trading on Wednesday, reaching $60.76. The company had a trading volume of 1,723,308 shares. The firm has a 50-day moving average price of $59.23 and a 200 day moving average price of $61.39. Splunk has a 12-month low of $50.64 and a 12-month high of $69.23. The firm’s market capitalization is $8.41 billion.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, May 25th. The software company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The firm had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $233.79 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. Analysts expect that Splunk will post $0.52 EPS for the current year.

Several equities research analysts recently issued reports on the company. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price target on shares of Splunk in a research note on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating on shares of Splunk in a research note on Friday, April 21st. Robert W. Baird set a $71.00 price target on Splunk and gave the company a “buy” rating in a research note on Saturday, May 27th. Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $78.00 price target on shares of Splunk in a research note on Monday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Splunk presently has an average rating of “Buy” and an average target price of $70.77.

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In other Splunk news, insider Douglas Merritt sold 10,125 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $58.01, for a total value of $587,351.25. Following the sale, the insider now owns 231,440 shares in the company, valued at $13,425,834.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David F. Conte sold 1,044 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $62.20, for a total transaction of $64,936.80. Following the completion of the sale, the chief financial officer now owns 207,965 shares in the company, valued at approximately $12,935,423. The disclosure for this sale can be found here. Insiders have sold 558,056 shares of company stock worth $32,554,124 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.