Splunk Inc. stock performance trend indicates that the stock price has rallied 18.64% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 6.29% . Looking at the past 52 week period, the stock price is up at 30.59% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Splunk Inc. has a positive value of 11.31 compared to overall market.Splunk Inc. is having a Relative Strength Index of 57.42 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Splunk Inc. (NASDAQ:SPLK) rallied by 2.68% during the past week but lost 3.11% on a 4-week basis. The company has outperformed the S&P 500 by 2.44% in the past week but underperformed the index by 4.21% in the last 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. Splunk Inc. (NASDAQ:SPLK) : On Friday heightened volatility was witnessed in Splunk Inc. (NASDAQ:SPLK) which led to swings in the share price. The stock opened for trading at $62.15 and hit $62.85 on the upside , eventually ending the session at $62.37, with a gain of 0.19% or 0.12 points. The heightened volatility saw the trading volume jump to 1,316,686 shares. The 52-week high of the share price is $66.46 and the company has a market cap of $8,461 million. The 52-week low of the share price is at $45.07 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Splunk Inc was Initiated by Rosenblatt on Mar 8, 2017 to Buy, Price Target of the shares are set at $75.Splunk Inc was Initiated by Bernstein on Mar 2, 2017 to Outperform, Price Target of the shares are set at $72.Company shares were Reiterated by Robert W. Baird on Feb 28, 2017 to Outperform, Raises Price Target to $ 71 from a previous price target of $68 .Splunk Inc was Initiated by Argus to Hold on Jan 27, 2017. Splunk Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017.
Company has reported several Insider transactions to the SEC, on Mar 14, 2017, Douglas Merritt (President and CEO) sold 14,097 shares at 60.78 per share price.On Mar 14, 2017, Leonard R Stein (SVP, General Counsel & Sec.) sold 7,716 shares at 60.77 per share price.On Mar 14, 2017, Godfrey Sullivan (director) sold 128,750 shares at 61.02 per share price.
Splunk Inc Last issued its quarterly earnings results on Feb 23, 2017. The company reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.17. The company had revenue of $306.50 million for the quarter, compared to analysts expectations of $288.10 million. The companys revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
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.