Splunk Inc. (SPLK) Short Interest Update

Splunk Inc. (NASDAQ:SPLK) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 14,339,310 shares, a growth of 13.2% from the January 13th total of 12,667,182 shares. Approximately 10.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,728,663 shares, the short-interest ratio is presently 8.3 days.

SPLK has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $81.00 price objective on shares of Splunk in a report on Wednesday, November 30th. Wedbush reiterated a “buy” rating and issued a $75.00 price objective (up previously from $72.00) on shares of Splunk in a report on Wednesday, November 30th. JMP Securities set a $70.00 price objective on shares of Splunk and gave the stock a “buy” rating in a report on Monday, November 28th. Drexel Hamilton reiterated a “buy” rating and issued a $90.00 price objective on shares of Splunk in a report on Monday, November 28th. Finally, DA Davidson set a $83.00 price objective on shares of Splunk and gave the stock a “buy” rating in a report on Thursday, November 24th. Eleven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Splunk currently has a consensus rating of “Buy” and a consensus target price of $69.31.

Shares of Splunk (NASDAQ:SPLK) opened at 62.65 on Friday. The stock’s market cap is $8.50 billion. Splunk has a 52-week low of $31.28 and a 52-week high of $65.75. The firm has a 50-day moving average of $56.31 and a 200-day moving average of $58.56.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Tuesday, November 29th. The software company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. Splunk had a negative net margin of 41.72% and a negative return on equity of 41.28%. The company earned $245 million during the quarter. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. On average, equities analysts expect that Splunk will post $0.33 EPS for the current fiscal year.

In related news, SVP Leonard R. Stein sold 1,209 shares of the company’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $60.00, for a total transaction of $72,540.00. Following the completion of the sale, the senior vice president now directly owns 90,240 shares of the company’s stock, valued at approximately $5,414,400. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas Merritt sold 6,155 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $56.62, for a total transaction of $348,496.10. Following the sale, the insider now directly owns 151,242 shares of the company’s stock, valued at $8,563,322.04. The disclosure for this sale can be found here. Insiders have sold a total of 652,091 shares of company stock valued at $37,318,725 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Splunk by 516.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 968,979 shares of the software company’s stock valued at $56,859,000 after buying an additional 811,681 shares in the last quarter. Motley Fool Wealth Management LLC boosted its stake in shares of Splunk by 161.9% in the fourth quarter. Motley Fool Wealth Management LLC now owns 218,542 shares of the software company’s stock valued at $11,178,000 after buying an additional 135,111 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Splunk by 500.0% in the third quarter. Motley Fool Asset Management LLC now owns 30,000 shares of the software company’s stock valued at $1,760,000 after buying an additional 25,000 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Splunk by 5.6% in the third quarter. BlackRock Group LTD now owns 809,821 shares of the software company’s stock valued at $47,519,000 after buying an additional 42,620 shares in the last quarter. Finally, South Dakota Investment Council boosted its stake in shares of Splunk by 11.2% in the third quarter. South Dakota Investment Council now owns 49,700 shares of the software company’s stock valued at $2,916,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

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About Splunk

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

5 Day Chart for NASDAQ:SPLK

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