In today’s session Splunk Inc (SPLK) registered an unusually high (510) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SPLK increase. With 510 contracts traded and 5234 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SPLK161118C00061000 closed last at: $1.4 or 24.3% down. About 335,942 shares traded hands. Splunk Inc (NASDAQ:SPLK) has risen 21.22% since April 8, 2016 and is uptrending. It has outperformed by 15.57% 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. $90 is the highest target while $44 is the lowest. The $67.41 average target is 15.71% above today’s ($58.26) stock price. Splunk Inc has been the topic of 63 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, October 9 by Drexel Hamilton. The firm has “Buy” rating by Canaccord Genuity given on Friday, May 27. Wedbush maintained Splunk Inc (NASDAQ:SPLK) on Friday, August 28 with “Outperform” rating. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, June 16. The rating was maintained by Canaccord Genuity with “Buy” on Monday, August 31. The firm has “Buy” rating given on Friday, August 26 by Canaccord Genuity. On Friday, August 19 the stock rating was maintained by Wedbush with “Outperform”. The firm has “Neutral” rating given on Friday, May 27 by SunTrust. RBC Capital Markets maintained the shares of SPLK in a report on Friday, February 26 with “Outperform” rating. Maxim Group maintained it with “Buy” rating and $75 target price in Friday, May 27 report.
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.
Teacher Retirement Sys Of Texas accumulated 53,313 shares or 0.02% of the stock. Mizuho Tru And Bk has invested 0.03% of its portfolio in Splunk Inc (NASDAQ:SPLK). Moreover, Williams Jones & Assocs Limited Liability Company has 0.74% invested in Splunk Inc (NASDAQ:SPLK) for 295,019 shares. Artisan Prtn L P has invested 0.03% of its portfolio in Splunk Inc (NASDAQ:SPLK). 1832 Asset Mgmt Ltd Partnership reported 687,000 shares or 0.15% of all its holdings. Moreover, Meru Capital Limited Partnership has 0.42% invested in Splunk Inc (NASDAQ:SPLK) for 22,596 shares. Criterion Cap Limited Liability Com accumulated 2.87M shares or 7.44% of the stock. Tcw Grp last reported 2.62M shares in the company. Avalon Asset Management Limited Co has 85,530 shares for 2.68% of their US portfolio. Deutsche Bank Ag owns 996,465 shares or 0.04% of their US portfolio. Price T Rowe Assoc Inc Md has invested 0.04% of its portfolio in Splunk Inc (NASDAQ:SPLK). Seven Eight Ltd Limited Liability Company holds 3,560 shares or 0.07% of its portfolio. Alliancebernstein Lp last reported 0% of its portfolio in the stock. Ig Mngmt holds 0.01% of its portfolio in Splunk Inc (NASDAQ:SPLK) for 39,140 shares. Moreover, Kanaly Tru Company has 0% invested in Splunk Inc (NASDAQ:SPLK) for 100 shares.
Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 17 selling transactions for $45.68 million net activity. STEIN LEONARD R also sold $64,500 worth of Splunk Inc (NASDAQ:SPLK) on Monday, September 19. SULLIVAN GODFREY sold $7.59M worth of stock or 128,750 shares. On Thursday, August 18 Sommer Steven R sold $318,994 worth of the stock or 5,000 shares. Shares for $675,470 were sold by CONTE DAVID F. 6,155 shares with value of $357,606 were sold by Merritt Douglas on Wednesday, September 14.
Splunk Inc. is a provider of software solutions. The company has a market cap of $7.87 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.
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