Does Splunk Inc. (SPLK) Have Insiders Selling Shares?

As of Friday close, Splunk Inc.’s (NASDAQ:SPLK) stock was up $8.04, moving up 8.58 percent to $101.80. The average number of shares traded per day over the past five days has been 3,597,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.57 fall in that time frame. In the last twenty days, the average volume was 2,029,345, while in the previous 50 days, it was 2,120,384.

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Since last month, SPLK stock retreated -28.17%. Shares of the company fell to $84.63 on 05/12/22, the lowest level in the past month. A 52-week high of $176.66 was reached on 04/04/22 after having rallying from a 52-week low of $84.63. Since the beginning of this year, SPLK’s stock price has dropped by -12.03% or -$13.92, and marked a new high 18 times. However, the stock has declined by -42.38% since its 52-week high.

Splunk Inc. (SPLK) last reported insider trading activity 30 days ago on Apr 14. Emanuelson Timothy, the Chief Accounting Officer of the company, disposed of 257 shares for $141.00 on Apr 14. It resulted in a $36,237 divestment by the insider. Emanuelson Timothy sold 257 shares at an average price of $125.00 on Mar 18. The insider now owns 22,496 shares following the transaction. On Mar 16, SVP, CLO, Global Affairs & Sec Morgan Scott sold 1,588 shares at $112.25 apiece. The transaction was valued at $178,253.

Valuation Metrics

The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 6.64, the price-to-book (PB) ratio of 72.71, and the price-to-cash flow ratio of 151.38 may also be considered.

Financial Health

In the three months ended October 30, Splunk Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 14.08, and the total debt-to-equity ratio was 14.08. On the profitability front, the trailing twelve-month gross margin is 72.50% percent. In the year ended October 30, operating margins totaled -42.90%. Based on annual data, SPLK earned $1.94 billion in gross profit and brought in $2.67 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -34.70%. Return on equity (ROE) for the past 12 months was -192.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPLK’s revenue fell -91.45% to $664.75 million during the quarter, while net income inched up to $456.84 million. While analysts expected Splunk Inc. to report -$0.5 quarterly earnings, the actual figure was -$0.37 per share, beating the consensus estimate by 26.00%. During the quarter, the company generated $22.47 million in EBITDA. The liabilities of Splunk Inc. were 5.57 billion at the end of its most recent quarter ended October 30, and its total debt was $3.3 billion. The value of shareholders’ equity is $160.7 million.

Technical Picture

This quick technical analysis looks at Splunk Inc.’s (SPLK) price momentum. With a historical volatility rate of 116.34%, the RSI 9-day stood at 40.85% on 13 May.

With respect to its five-day moving average, the current Splunk Inc. price is down by -1.52% percent or -$1.57. At present, SPLK shares trade -26.11% below its 20-day simple moving average and -7.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.44% below its SMA50 and -28.25% below its SMA200.

Stochastic coefficient K was 20.05% and Stochastic coefficient D was 11.86%, while ATR was 8.02. Given the Stochastic reading of 39.09% for the 14-day period, the RSI (14) reading has been calculated as 39.51%. As of today, the MACD Oscillator reading stands at -8.69, while the 14-day reading stands at -16.06.

Analyst Ratings

Daiwa Securities upgraded its rating on Splunk Inc. (NASDAQ: SPLK) to an Outperform in a note to investors on March 04, 2022. The analysts firm previously had a Neutral rating on the stock.Splunk Inc. (SPLK) has been rated Overweight by analysts. According to 0 brokerage firms, SPLK is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Splunk Inc. stock as buy, with 19 recommending it as overweight.

With a median target price of $152.00, the current consensus forecast for the stock is $125.00 – $225.00. Based on these forecasts, analysts predict Splunk Inc. (SPLK) will achieve an average price target of $160.69.


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