What Will Happen to Splunk Inc Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Splunk Inc Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Splunk Inc (SPLK) recorded an unusually high (1,779) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SPLK decrease. With 1,779 contracts traded and 6124 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SPLK161021P00055000 closed last at: $1 or 42.9% up. About 480,442 shares traded hands. Splunk Inc (NASDAQ:SPLK) has risen 20.30% since March 14, 2016 and is uptrending. It has outperformed by 14.69% the S&P500.

Splunk Inc (NASDAQ:SPLK) Ratings Coverage

Out of 31 analysts covering Splunk Inc (NASDAQ:SPLK), 21 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 68% are positive. Splunk Inc has been the topic of 63 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Wedbush on Monday, August 31. The company was initiated on Friday, December 11 by Goldman Sachs. The company was maintained on Friday, May 27 by Macquarie Research. Citigroup maintained the stock with “Buy” rating in Friday, May 27 report. The firm earned “Buy” rating on Friday, May 27 by Deutsche Bank. The rating was maintained by Cantor Fitzgerald on Friday, August 28 with “Buy”. The rating was downgraded by Guggenheim on Tuesday, October 4 to “Neutral”. As per Friday, May 6, the company rating was initiated by M Partners. Needham maintained the shares of SPLK in a report on Monday, August 31 with “Hold” rating. The firm has “Outperform” rating given on Wednesday, June 15 by BMO Capital Markets.

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.
Ci Invs Incorporated, a Ontario – Canada-based fund reported 2,000 shares. Jericho Cap Asset Mgmt Lp holds 748,000 shares or 2.23% of its portfolio. Brown Advisory Incorporated holds 9,978 shares or 0% of its portfolio. D Scott Neal Incorporated last reported 2,740 shares in the company. Fiera holds 864,693 shares or 0.26% of its portfolio. Ubs Asset Mgmt Americas last reported 313,237 shares in the company. Jennison Associates Limited Liability Company accumulated 12.51M shares or 0.74% of the stock. Champlain Ltd Liability Corp last reported 838,695 shares in the company. Pittenger & Anderson has invested 0% of its portfolio in Splunk Inc (NASDAQ:SPLK). Qs Limited Com last reported 5 shares in the company. D E Shaw accumulated 62,895 shares or 0.01% of the stock. Amp Capital Investors Ltd reported 34,552 shares or 0.01% of all its holdings. Lord Abbett Limited Liability Com owns 126,133 shares or 0.02% of their US portfolio. Employees Retirement Association Of Colorado holds 86,585 shares or 0.04% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt owns 9,500 shares or 0.02% of their US portfolio.

Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 17 insider sales for $45.68 million net activity. The insider SULLIVAN GODFREY sold 120,384 shares worth $6.03 million. Shares for $675,470 were sold by CONTE DAVID F. On Tuesday, July 12 the insider STEIN LEONARD R sold $413,000. 5,855 Splunk Inc (NASDAQ:SPLK) shares with value of $340,601 were sold by Sommer Steven R. Another trade for 6,155 shares valued at $357,606 was sold by Merritt Douglas.

Splunk Inc. is a provider of software solutions. The company has a market cap of $7.63 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 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 the news titled: “Splunk: Cheap, Given Its Fundamentals” on October 09, 2016. Investorplace.com‘s news article titled: “Is Splunk Inc a Solid Stock to Buy Now? (SPLK)” with publication date: September 26, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment