Splunk Inc. (NASDAQ:SPLK) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Splunk Inc. (NASDAQ:SPLKFree Report) by 93.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,439 shares of the software company’s stock after selling 19,519 shares during the period. Private Advisor Group LLC’s holdings in Splunk were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Gravity Asset Management Inc. purchased a new stake in shares of Splunk during the 2nd quarter worth approximately $710,000. Venturi Wealth Management LLC purchased a new stake in Splunk in the 3rd quarter valued at approximately $42,000. CENTRAL TRUST Co lifted its stake in Splunk by 204.1% in the 2nd quarter. CENTRAL TRUST Co now owns 298 shares of the software company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Quarry LP purchased a new stake in Splunk in the 2nd quarter valued at approximately $41,000. Finally, CKW Financial Group purchased a new stake in Splunk in the 3rd quarter valued at approximately $59,000. Institutional investors and hedge funds own 87.56% of the company’s stock.

Insider Activity

In other news, SVP Scott Morgan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $151.10, for a total value of $604,400.00. Following the completion of the transaction, the senior vice president now directly owns 105,535 shares in the company, valued at approximately $15,946,338.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Splunk Stock Down 0.1 %

Shares of NASDAQ:SPLK opened at $153.42 on Thursday. The company has a 50 day moving average price of $152.40 and a two-hundred day moving average price of $138.23. Splunk Inc. has a 52 week low of $82.19 and a 52 week high of $153.88. The company has a market capitalization of $25.85 billion, a PE ratio of 365.29, a PEG ratio of 3.03 and a beta of 1.02. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69.

Splunk (NASDAQ:SPLKGet Free Report) last announced its quarterly earnings data on Tuesday, November 28th. The software company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.47. Splunk had a net margin of 2.66% and a negative return on equity of 689.21%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Analysts forecast that Splunk Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com began coverage on Splunk in a research note on Wednesday. They set a “buy” rating on the stock. Jefferies Financial Group restated a “hold” rating and set a $157.00 price objective on shares of Splunk in a report on Monday, November 27th. Finally, Truist Financial downgraded Splunk from a “buy” rating to a “hold” rating and set a $157.00 price objective for the company. in a report on Wednesday, November 29th. Twenty-four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $134.00.

View Our Latest Analysis on Splunk

Splunk Company Profile

(Free Report)

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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