Stock Worth Watching: Could Splunk Inc See a Reversal After This Very Weak Session?

Stock Worth Watching: Could Splunk Inc See a Reversal After This Very Weak Session?

The stock of Splunk Inc (NASDAQ:SPLK) is a huge mover today! About 1.67 million shares traded hands or 24.63% up from the average. Splunk Inc (NASDAQ:SPLK) has risen 27.33% since March 9, 2016 and is uptrending. It has outperformed by 19.92% the S&P500.
The move comes after 9 months negative chart setup for the $7.55B company. It was reported on Oct, 12 by Barchart.com. We have $53.60 PT which if reached, will make NASDAQ:SPLK worth $528.50M less.

Splunk Inc (NASDAQ:SPLK) Ratings Coverage

Out of 29 analysts covering Splunk Inc (NASDAQ:SPLK), 19 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 66% are positive. Splunk Inc has been the topic of 60 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Splunk Inc (NASDAQ:SPLK) earned “Overweight” rating by Mitsubishi UFJ on Tuesday, February 9. The stock of Splunk Inc (NASDAQ:SPLK) has “Outperform” rating given on Friday, August 19 by Wedbush. Morgan Stanley maintained the shares of SPLK in a report on Friday, May 27 with “Overweight” rating. The rating was maintained by Cantor Fitzgerald with “Buy” on Friday, August 28. The rating was maintained by Maxim Group on Friday, February 26 with “Buy”. The firm has “Outperform” rating by Macquarie Research given on Tuesday, April 26. Mizuho initiated Splunk Inc (NASDAQ:SPLK) rating on Wednesday, September 21. Mizuho has “Neutral” rating and $60 price target. The stock of Splunk Inc (NASDAQ:SPLK) earned “Outperform” rating by Macquarie Research on Friday, May 27. The stock of Splunk Inc (NASDAQ:SPLK) has “Hold” rating given on Friday, August 26 by Stifel Nicolaus. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, September 23.

According to Zacks Investment Research, “Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California.”

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.28, from 1.11 in 2016Q1. The ratio is positive, as 35 funds sold all Splunk Inc shares owned while 85 reduced positions. 53 funds bought stakes while 114 increased positions. They now own 131.07 million shares or 0.87% more from 129.93 million shares in 2016Q1.
Princeton Alpha Lp holds 0.09% or 9,808 shares in its portfolio. Kbc Grp Inc Nv, a Belgium-based fund reported 111,960 shares. Tocqueville Asset Lp has 0.08% invested in the company for 109,410 shares. Fred Alger Mngmt Incorporated holds 0.01% or 50,504 shares in its portfolio. Blair William And Co Il holds 27,826 shares or 0.01% of its portfolio. Alliancebernstein L P has 0% invested in the company for 83,249 shares. Ngam Advsrs Ltd Partnership accumulated 22,073 shares or 0.02% of the stock. Vanguard Grp Inc accumulated 9.69M shares or 0.03% of the stock. Motley Fool Asset Management holds 0.06% or 5,000 shares in its portfolio. Mycio Wealth Ltd Limited Liability Company, a Pennsylvania-based fund reported 59 shares. Goldman Sachs Gp Inc has 0.04% invested in the company for 2.14M shares. Td Asset Mngmt Incorporated holds 194,500 shares or 0.02% of its portfolio. Cubist Systematic Strategies Lc last reported 0.09% of its portfolio in the stock. Stephens Management Ltd Limited Liability Company has invested 0.03% of its portfolio in Splunk Inc (NASDAQ:SPLK). New York State Common Retirement Fund has 0.03% invested in the company for 432,219 shares.

Insider Transactions: Since April 15, 2016, the stock had 0 insider buys, and 18 sales for $48.06 million net activity. SULLIVAN GODFREY sold $7.44 million worth of stock. 1,000 Splunk Inc (NASDAQ:SPLK) shares with value of $60,000 were sold by STEIN LEONARD R. Merritt Douglas sold $357,606 worth of stock or 6,155 shares. 5,000 shares were sold by Sommer Steven R, worth $318,994. CONTE DAVID F also sold $675,470 worth of Splunk Inc (NASDAQ:SPLK) on Thursday, August 11.

More important recent Splunk Inc (NASDAQ:SPLK) news were published by: Fool.com which released: “Why Splunk, Inc. Just Dedicated $100 Million to Philanthropy” on October 07, 2016, also Seekingalpha.com published article titled: “Splunk: Cheap, Given Its Fundamentals”, Investorplace.com published: “Is Splunk Inc a Solid Stock to Buy Now? (SPLK)” on September 26, 2016. More interesting news about Splunk Inc (NASDAQ:SPLK) was released by: Seekingalpha.com and their article: “Gone Splunking – A Lesson In How To Destroy Capital” with publication date: October 10, 2016.

SPLK Company Profile

Splunk Inc., incorporated on April 11, 2006, is a well-known 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 clients to gain real-time operational intelligence by harnessing the value of their data. The Company’s offerings address diverse data sets that are referred to as big data and are specifically used for machine-generated data. Machine data is produced by various software application and electronic devices in an organization and contains a definitive, time-stamped record of various activities, such as transactions, customer and user activities and security threats. The Company’s products help users in various roles, including information technology (IT), security and business professionals, to analyze their machine data and achieve real-time visibility into and intelligence about their organization’s operations. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.

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