After Today’s Bullish Options Activity, Is Splunk Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Splunk Inc's Near Term Analysis Positive?

In today’s session Splunk Inc (SPLK) registered an unusually high (281) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SPLK increase. With 281 contracts traded and 6834 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SPLK161021C00060000 closed last at: $2.5 or 42.9% up. About 527,811 shares traded hands. Splunk Inc (NASDAQ:SPLK) has risen 27.33% since March 9, 2016 and is uptrending. It has outperformed by 19.92% the S&P500.

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. $90 is the highest target while $44 is the lowest. The $67.50 average target is 17.41% above today’s ($57.49) stock price. Splunk Inc has been the topic of 60 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, December 15 by Guggenheim. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, August 26. The firm earned “Outperform” rating on Friday, May 27 by BMO Capital Markets. The rating was maintained by Maxim Group on Friday, February 26 with “Buy”. On Saturday, August 29 the stock rating was maintained by CLSA with “Buy”. Wedbush maintained the stock with “Outperform” rating in Friday, August 28 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, May 27. The company was maintained on Thursday, July 21 by Maxim Group. The stock of Splunk Inc (NASDAQ:SPLK) has “Buy” rating given on Wednesday, September 23 by Canaccord Genuity. Wedbush maintained the shares of SPLK in a report on Monday, August 31 with “Outperform” rating.

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 Q2 2016. Its up 0.28, from 1.11 in 2016Q1. The ratio increased, 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.
The Australia-based Amp Capital Investors Ltd has invested 0.01% in Splunk Inc (NASDAQ:SPLK). Blackrock Fund Advisors has 0.02% invested in the company for 1.60 million shares. Moreover, Commonwealth Savings Bank Of Australia has 0% invested in Splunk Inc (NASDAQ:SPLK) for 600 shares. Williams Jones Lc accumulated 0.74% or 295,019 shares. Balyasny Asset Mgmt Ltd has 0.03% invested in the company for 81,814 shares. Paloma Partners Management has 0.02% invested in the company for 37,346 shares. Price T Rowe Assoc Md last reported 0.04% of its portfolio in the stock. Meru Capital Gru Ltd Partnership last reported 22,596 shares in the company. The Manitoba – Canada-based Ig Inv Management has invested 0.01% in Splunk Inc (NASDAQ:SPLK). Oppenheimer And holds 4,922 shares or 0.01% of its portfolio. Stephens Ar has 0% invested in the company for 278 shares. Essex Inv Management Ltd Liability Corporation holds 0.78% or 86,547 shares in its portfolio. Stevens Cap Mngmt Lp, a Pennsylvania-based fund reported 54,448 shares. Kbc Gp Nv reported 111,960 shares or 0.09% of all its holdings. Rs Invest Limited Liability Corp accumulated 0.03% or 49,280 shares.

Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 18 selling transactions for $48.06 million net activity. SULLIVAN GODFREY sold $7.44 million worth of stock or 120,000 shares. $340,601 worth of Splunk Inc (NASDAQ:SPLK) was sold by Sommer Steven R. On Wednesday, September 14 the insider STEIN LEONARD R sold $201,441. $357,606 worth of shares were sold by Merritt Douglas on Wednesday, September 14. CONTE DAVID F had sold 10,575 shares worth $675,470.

Splunk Inc. is a provider of software solutions. The company has a market cap of $7.53 billion. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It currently has negative earnings. 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.

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.

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.

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