Splunk Inc. (NASDAQ:SPLK) Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC trimmed its position in shares of Splunk Inc. (NASDAQ:SPLKGet Rating) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 11,342 shares of the software company’s stock after selling 792 shares during the period. Freestone Capital Holdings LLC’s holdings in Splunk were worth $1,312,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SPLK. Consolidated Planning Corp acquired a new stake in shares of Splunk in the third quarter valued at about $29,000. First Command Bank acquired a new stake in shares of Splunk in the 3rd quarter worth $43,000. ICICI Prudential Asset Management Co Ltd acquired a new stake in shares of Splunk in the 4th quarter worth $46,000. O Shaughnessy Asset Management LLC boosted its position in shares of Splunk by 55.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 331 shares of the software company’s stock valued at $48,000 after acquiring an additional 118 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Splunk during the third quarter worth about $49,000. Institutional investors own 91.60% of the company’s stock.

SPLK stock opened at $108.50 on Friday. Splunk Inc. has a one year low of $84.63 and a one year high of $176.66. The company has a debt-to-equity ratio of 14.09, a quick ratio of 1.56 and a current ratio of 1.56. The company has a fifty day moving average of $122.08 and a 200-day moving average of $120.94.

Splunk (NASDAQ:SPLKGet Rating) last announced its quarterly earnings data on Wednesday, May 25th. The software company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.42. The company had revenue of $674.08 million for the quarter, compared to analyst estimates of $629.73 million. Splunk had a negative return on equity of 169.00% and a negative net margin of 41.20%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.84) EPS. As a group, equities analysts anticipate that Splunk Inc. will post -4.83 earnings per share for the current fiscal year.

In other news, SVP Scott Morgan sold 1,588 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $112.25, for a total transaction of $178,253.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Timothy Emanuelson sold 389 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $125.00, for a total value of $48,625.00. The disclosure for this sale can be found here. Insiders sold 2,491 shares of company stock valued at $295,240 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on SPLK. Morgan Stanley lowered their price objective on Splunk from $152.00 to $138.00 and set an “equal weight” rating for the company in a research report on Thursday, May 19th. JMP Securities downgraded Splunk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 22nd. Needham & Company LLC lowered their target price on shares of Splunk from $145.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Investment Research raised shares of Splunk from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Tuesday, March 8th. Finally, BTIG Research lowered their price objective on shares of Splunk from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, May 24th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $145.54.

Splunk Profile (Get Rating)

Splunk Inc, together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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