Splunk Inc. (NASDAQ:SPLK) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its holdings in Splunk Inc. (NASDAQ:SPLKGet Rating) by 16.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,082 shares of the software company’s stock after selling 2,337 shares during the quarter. Moors & Cabot Inc.’s holdings in Splunk were worth $1,796,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sterling Investment Advisors Ltd. acquired a new position in shares of Splunk in the 1st quarter valued at about $30,000. SJS Investment Consulting Inc. grew its holdings in shares of Splunk by 66.4% during the first quarter. SJS Investment Consulting Inc. now owns 228 shares of the software company’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Splunk by 109.2% during the 1st quarter. Wolverine Asset Management LLC now owns 235 shares of the software company’s stock worth $34,000 after purchasing an additional 2,800 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Splunk in the 1st quarter worth approximately $49,000. Finally, Global Trust Asset Management LLC boosted its position in Splunk by 35,600.0% during the 1st quarter. Global Trust Asset Management LLC now owns 357 shares of the software company’s stock valued at $53,000 after purchasing an additional 356 shares during the period. Institutional investors own 85.49% of the company’s stock.

Insider Transactions at Splunk

In related news, SVP Scott Morgan sold 883 shares of the stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $88.08, for a total transaction of $77,774.64. Following the completion of the sale, the senior vice president now owns 130,311 shares in the company, valued at approximately $11,477,792.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Scott Morgan sold 883 shares of the company’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $88.08, for a total transaction of $77,774.64. Following the completion of the transaction, the senior vice president now directly owns 130,311 shares in the company, valued at approximately $11,477,792.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Bice sold 31,316 shares of the stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $87.73, for a total transaction of $2,747,352.68. Following the completion of the sale, the insider now directly owns 103,680 shares of the company’s stock, valued at $9,095,846.40. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Splunk Stock Performance

Shares of SPLK stock opened at $89.25 on Friday. Splunk Inc. has a 12 month low of $84.63 and a 12 month high of $176.66. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 14.09. The business’s 50 day moving average is $101.13 and its two-hundred day moving average is $110.48.

Splunk (NASDAQ:SPLKGet Rating) last posted its earnings results on Wednesday, August 24th. The software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.44. The business had revenue of $798.75 million for the quarter, compared to analyst estimates of $747.92 million. Splunk had a negative net margin of 32.85% and a negative return on equity of 396.11%. Splunk’s revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business posted ($1.63) EPS. Sell-side analysts predict that Splunk Inc. will post -3.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Splunk from $128.00 to $133.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Loop Capital decreased their price target on Splunk from $160.00 to $135.00 in a research note on Thursday, August 25th. Oppenheimer lowered their price target on Splunk from $175.00 to $140.00 in a research report on Thursday, May 26th. Citigroup restated a “neutral” rating and issued a $118.00 price target (down previously from $120.00) on shares of Splunk in a research report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Splunk from $125.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, August 25th. Nine investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.57.

Splunk Profile

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Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

See Also

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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