Splunk (NASDAQ:SPLK) had its price objective increased by Mizuho from $90.00 to $100.00 in a research report sent to investors on Thursday, Marketbeat reports. Mizuho currently has a buy rating on the software company’s stock.
Several other research analysts also recently commented on the company. Wedbush restated a neutral rating and issued a $78.00 target price (down previously from $94.00) on shares of Splunk in a research note on Wednesday. BidaskClub upgraded Splunk from a hold rating to a buy rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Splunk from a hold rating to a buy rating and set a $100.00 target price for the company in a research note on Friday, January 19th. Deutsche Bank raised their target price on Splunk to $100.00 and gave the stock a buy rating in a research note on Monday, January 15th. Finally, Barclays upgraded Splunk from an equal weight rating to an overweight rating and raised their target price for the stock from $80.00 to $105.00 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirty have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $84.59.
Splunk (NASDAQ:SPLK) opened at $92.64 on Thursday. Splunk has a 12 month low of $54.17 and a 12 month high of $97.27. The company has a market capitalization of $13,104.67, a PE ratio of -21.35 and a beta of 2.04.
In related news, insider Douglas Merritt sold 10,126 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total transaction of $810,586.30. Following the transaction, the insider now directly owns 189,079 shares of the company’s stock, valued at approximately $15,135,773.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David F. Conte sold 6,993 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $80.73, for a total value of $564,544.89. Following the transaction, the chief financial officer now directly owns 110,364 shares in the company, valued at $8,909,685.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,720 shares of company stock worth $2,477,118. 1.43% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new position in shares of Splunk during the 4th quarter valued at about $102,000. James Hambro & Partners purchased a new position in Splunk in the 4th quarter worth approximately $124,000. MANA Advisors LLC purchased a new position in Splunk in the 4th quarter worth approximately $208,000. Creative Planning purchased a new position in Splunk in the 4th quarter worth approximately $210,000. Finally, Essex Investment Management Co. LLC purchased a new position in Splunk in the 4th quarter worth approximately $214,000.
WARNING: “Splunk (SPLK) Price Target Increased to $100.00 by Analysts at Mizuho” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/02/18/splunk-splk-price-target-increased-to-100-00-by-analysts-at-mizuho.html.
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.
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.