![]() ![]() Splunk helps customers solve problems in ways they could never dream before. More than three quarters of the Fortune 100 and thousands of enterprises, universities, government agencies and service providers use Splunk software to harness the power of their machine data for application management, IT operations, security, web intelligence, customer and business analytics and more. Our company’s mission is to address the challenges and opportunities of managing massive streams of machine-generated big data. Splunk is the leading software platform for machine data that enables customers to gain real-time Operational Intelligence. Machine data is one of the fastest growing and most valuable parts of big data - generated by every component of IT infrastructures, applications, mobile devices, website clickstreams, social data, sensors and more. (NASDAQ: SPLK) was founded to pursue a disruptive new vision: make machine data accessible, usable and valuable to everyone. Reaching the average price target will result in a growth of 36.95% from current levels.Splunk Inc. Based on these targets, SPLK could surge 111.75% to reach the target high and rise by 0.58% to reach the target low. With SPLK analysts setting a high price target of $200.00 and a low target of $95.00, the average target price over the next 12 months is $129.35. In the same way, a target price assigned to a stock can also reveal much about its potential. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. There are 21 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPLK since 37 analysts follow the stock currently. Invesco QQQ Trust holds 1.45% of the stake in SPLK, owning 2,328,403 shares worth 241.94 million. It holds 3,691,943 shares valued at 383.63 million. The Vanguard Mid Cap Index Fund, which owns about 2.30% of SPLK stock, is the second-largest Mutual Fund holder. A total of 4,774,606 shares are owned by the mutual fund manager. With a 2.97% stake in SPLK, the Vanguard Total Stock Market Index is the largest stakeholder. BlackRock Fund Advisors is the third largest shareholder in SPLK, holding 6,848,201 shares or 4.26% stake. A second-largest stockholder of SPLK, PRIMECAP Management Co., holds 8,365,550 shares, controlling over 5.20% of the firm’s shares. As the largest shareholder in SPLK with 9.30% of the stake, The Vanguard Group, Inc. Shares owned by individuals account for 17.57%. Other institutions hold 48.00% of SPLK, in contrast to 32.13% held by mutual funds. Through their ownership of 88.41% of SPLK’s outstanding shares, institutional investors have majority control over the company. VP, Chief Legal Officer of Global Affairs & Sec. On Jul 14, 2022, short shares totaled 4.68 million, which was 2.91% higher than short shares on Jun 14, 2022. Float and Shares Shorts:Īt present, 161.79 million SPLK shares are outstanding with a float of 161.61 million shares on hand for trading. This implies an EPS growth rate of -45.80% for this year and 66.94% for next year. For the next quarter, that number is 0.25. A look at the trailing 12-month EPS for SPLK yields -6.22 with Next year EPS estimates of 1.84. The stock lost -39.52% in the past year, while it has lost -18.38% so far this year. ![]() ![]() Three-month performance dropped to -8.03% while six-month performance fell -25.58%. The price performance of SPLK was up-trending over the past week, with a rise of 6.82%, but this was down by -17.87% over a month. Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. Sponsored Price Performance and Earnings: Sign up here to get your free report now. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. ![]()
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