Somewhat Favorable Media Coverage Likely to Affect Splunk (SPLK) Share Price

Press coverage about Splunk (NASDAQ:SPLK) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Splunk earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the software company an impact score of 74 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

Splunk (NASDAQ:SPLK) traded down 1.49% during trading on Tuesday, hitting $56.92. The stock had a trading volume of 1,371,189 shares. The firm’s market cap is $7.88 billion. The stock’s 50-day moving average is $63.63 and its 200 day moving average is $60.31. Splunk has a one year low of $50.60 and a one year high of $69.23.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Splunk had a negative return on equity of 40.82% and a negative net margin of 35.19%. The firm had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities analysts anticipate that Splunk will post $0.52 earnings per share for the current year.

A number of brokerages have recently weighed in on SPLK. Robert W. Baird restated an “outperform” rating and set a $71.00 price target (up previously from $68.00) on shares of Splunk in a research note on Saturday, February 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $81.00 target price on shares of Splunk in a research report on Friday, February 24th. Mitsubishi UFJ Financial Group set a $71.00 target price on Splunk and gave the company a “buy” rating in a research report on Saturday, February 25th. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Saturday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Splunk currently has an average rating of “Buy” and an average price target of $71.41.

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In related news, CFO David F. Conte sold 1,044 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $62.20, for a total value of $64,936.80. Following the completion of the transaction, the chief financial officer now owns 207,965 shares of the company’s stock, valued at $12,935,423. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Connors sold 50,000 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $62.87, for a total value of $3,143,500.00. Following the completion of the transaction, the director now directly owns 106,470 shares of the company’s stock, valued at approximately $6,693,768.90. The disclosure for this sale can be found here. Insiders sold 306,748 shares of company stock valued at $18,031,006 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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