Splunk Inc. (SPLK) touched a new high 3 times within the past 5 days.

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Splunk Inc. (NASDAQ:SPLK) saw a downside of -0.42% to $92.71 after subtracting -$0.39 on Tuesday. The 5-day average trading volume is 1,500,313 shares of the company’s common stock. It has gained $94.59 in the past week and touched a new high 3 times within the past 5 days. An average of 1,405,613 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,120,181.

SPLK’s 1-month performance is 10.13% or $8.64 on its low of $81.50 reached on 01/06/23. The company’s shares have touched a 52-week low of $65.00 and high of $150.79, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, SPLK has achieved 8.14% or $7.15 and has reached a new high 5 times. However, the current price is down -38.52% from the 52-week high price.


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Insider Transactions

SPLK stock investors last saw insider trading activity on Dec 05.Morgan Scott (SVP, CLO, Global Affairs & Sec) most recently sold 1,000 shares at $88.13 per share on Dec 05. This transaction cost the insider $88,130. SVP & Chief Financial Officer, Child Jason, sold 2,000 shares at a price of $87.04 on Sep 07. Then, on Sep 06, SVP, CLO, Global Affairs & Sec Morgan Scott sold 1,000 shares at a price of $87.57 per share. This transaction amounted to $87,570.

Valuation Metrics

SPLK stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.46 while the price to cash flow ratio at 49.72.

Splunk Inc.’s quick ratio for the period ended October 30 was 1.20, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 75.80%. The firm’s gross profit as reported stood at $1.94 billion against revenue of $2.67 billion.

Earnings Surprise

For the quarterly period ending October 30 this year, Splunk Inc.’s cash and short-term investments amounted to $924.3 million against total debt of $4.07 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -952.48% to -$32.62 million, while revenue of -$209.71 million was -542.89% off the previous quarter. Analysts expected SPLK to announce $0.25 per share in earnings in its latest quarter, but it posted $0.83, representing a 232.00% surprise. EBITDA for the quarter stood at more than $35.93 million. SPLK stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 5.82 billion, with total debt at $4.07 billion. Shareholders hold equity totaling $163.7 million.

Let’s look briefly at Splunk Inc. (SPLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 68.54% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.74%.

The stock’s 5-day moving average is $90.42, reflecting a +3.93% or $3.53 change from its current price. SPLK is currently trading +9.60% above its 20-day SMA, +0.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.70% and SMA200 by-31.85%.

Stochastic %K and %D was 92.73% and 82.20% and the average true range (ATR) pointed at 3.38. The RSI (14) points at 63.11%, while the 14-day stochastic is at 89.69% with the period’s ATR at 3.55. The stock’s 9-day MACD Oscillator is pointing at 2.60 and 3.82 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Splunk Inc. (NASDAQ: SPLK), Guggenheim downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for SPLK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPLK as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 23 have offered a “buy” rating.

What is SPLK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $86.00 and a high of $173.00, with their median price target at $109.50. Looking at these predictions, the average price target given by analysts is for Splunk Inc. (SPLK) stock is $111.71.

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