In today’s session Splunk Inc (SPLK) registered an unusually high (109) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SPLK increase. With 109 contracts traded and 4554 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SPLK161216C00060000 closed last at: $2.5 or 22% up. About 363,357 shares traded hands. Splunk Inc (NASDAQ:SPLK) has risen 11.17% since April 26, 2016 and is uptrending. It has outperformed by 5.91% 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 firm earned “Neutral” rating on Tuesday, October 4 by Guggenheim. As per Wednesday, October 12, the company rating was maintained by Citigroup. The rating was maintained by Maxim Group on Thursday, July 21 with “Buy”. Stifel Nicolaus downgraded Splunk Inc (NASDAQ:SPLK) on Friday, August 26 to “Hold” rating. The firm has “Outperform” rating given on Friday, May 27 by Macquarie Research. Macquarie Research initiated the shares of SPLK in a report on Tuesday, April 26 with “Outperform” rating. The firm has “Neutral” rating given on Friday, December 11 by Goldman Sachs. The rating was maintained by Wedbush on Friday, August 28 with “Outperform”. The stock has “Neutral” rating given by SunTrust on Friday, May 27. The stock of Splunk Inc (NASDAQ:SPLK) earned “Buy” rating by William Blair on Monday, August 31.
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 decreased to 1.23 in Q2 2016. Its down 0.16, from 1.39 in 2016Q1. The ratio is negative, 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.
Moreover, Citigroup has 0% invested in Splunk Inc (NASDAQ:SPLK) for 64,440 shares. Utah Retirement Systems has invested 0.03% of its portfolio in Splunk Inc (NASDAQ:SPLK). Moreover, Torch Wealth Mngmt Ltd Liability Corp has 0.23% invested in Splunk Inc (NASDAQ:SPLK) for 5,725 shares. Fred Alger Management accumulated 0.01% or 50,504 shares. Finemark National Bank Tru has 705 shares for 0% of their US portfolio. Point72 Asset Lp holds 239,600 shares or 0.09% of its portfolio. Wfg Advisors Limited Partnership accumulated 0% or 3 shares. Proshare Advisors Llc accumulated 4,485 shares or 0% of the stock. Susquehanna Int Gru Ltd Liability Partnership has invested 0% of its portfolio in Splunk Inc (NASDAQ:SPLK). Etrade Lc holds 0.01% of its portfolio in Splunk Inc (NASDAQ:SPLK) for 4,482 shares. New York State Common Retirement Fund accumulated 0.03% or 432,219 shares. Voya Investment Mngmt Lc has invested 0.01% of its portfolio in Splunk Inc (NASDAQ:SPLK). Independent Portfolio Consultants holds 0.08% or 4,440 shares in its portfolio. Metropolitan Life Insur Communication New York holds 0% of its portfolio in Splunk Inc (NASDAQ:SPLK) for 9,853 shares. Prudential Inc accumulated 7,915 shares or 0% of the stock.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 16 insider sales for $46.51 million net activity. Another trade for 1,000 shares valued at $60,000 was sold by STEIN LEONARD R. $6.97M worth of Splunk Inc (NASDAQ:SPLK) was sold by SULLIVAN GODFREY. 5,000 shares with value of $318,994 were sold by Sommer Steven R on Thursday, August 18. On Thursday, August 11 CONTE DAVID F sold $675,470 worth of the stock or 10,575 shares. The insider Merritt Douglas sold $357,606.
Splunk Inc. is a provider of software solutions. The company has a market cap of $7.58 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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