Oppenheimer analyst Shaul Eyal maintained a Buy rating on Splunk (SPLK) today and set a price target of $250.00. The company’s shares closed last Wednesday at $211.67, close to its 52-week high of $225.89.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 23.7% and a 72.4% success rate. Eyal covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Ping Identity Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Splunk with a $237.93 average price target.
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Based on Splunk’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $492 million and GAAP net loss of $261 million. In comparison, last year the company earned revenue of $517 million and had a GAAP net loss of $101 million.
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPLK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Splunk, Inc. engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M. Swan, Michael J. Baum and Robin K. Das in October 2003 and is headquartered in San Francisco, CA.
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