Splunk (NASDAQ:SPLK) Issues Earnings Results

Splunk (NASDAQ:SPLK) released its quarterly earnings results on Thursday. The software company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01, MarketWatch Earnings reports. Splunk had a negative return on equity of 10.80% and a negative net margin of 14.27%. The company had revenue of $434.08 million during the quarter, compared to analysts’ expectations of $443.60 million. During the same period last year, the business posted $0.02 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Splunk updated its Q2 2021
After-Hours guidance to EPS.

Shares of NASDAQ:SPLK opened at $175.87 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.15 and a quick ratio of 2.15. The business’s 50 day moving average price is $134.75 and its 200-day moving average price is $142.08. The firm has a market capitalization of $25.94 billion, a PE ratio of -76.93 and a beta of 1.52. Splunk has a 1 year low of $93.92 and a 1 year high of $176.31.

A number of research firms have commented on SPLK. Wedbush increased their price target on Splunk from $180.00 to $204.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America reiterated a “buy” rating and issued a $225.00 price target on shares of Splunk in a research note on Thursday, March 5th. Wells Fargo & Co restated a “buy” rating and issued a $200.00 price objective on shares of Splunk in a research note on Thursday, March 5th. Zacks Investment Research cut Splunk from a “hold” rating to a “sell” rating and set a $158.00 price objective for the company. in a research note on Monday, May 11th. Finally, Monness Crespi & Hardt cut Splunk from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Splunk presently has an average rating of “Buy” and a consensus price target of $171.74.

In other news, CEO Douglas Merritt sold 7,001 shares of Splunk stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $100.07, for a total value of $700,590.07. Following the sale, the chief executive officer now directly owns 267,563 shares of the company’s stock, valued at $26,775,029.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy Tully sold 6,580 shares of Splunk stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $121.80, for a total value of $801,444.00. Following the completion of the sale, the senior vice president now directly owns 88,417 shares in the company, valued at $10,769,190.60. The disclosure for this sale can be found here. Insiders sold 105,607 shares of company stock worth $13,184,846 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

See Also: Market Indexes

Earnings History for Splunk (NASDAQ:SPLK)

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.