In the past 52-week period, shares of Splunk Inc. (NASDAQ:SPLK) have moved within the range of $50.64 to $69.61. On the stock’s most recent trading day, the company’s shares ended the regular session at $67.63, which is 2.84% lower than its 52-week high.
Splunk Inc. (SPLK) has demonstrated a 20-day simple moving average (SMA) of 3.95%, and a 50-day SMA of 2.19%. This public company’s current market capitalization stands at $9.40 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Gauging the level of enthusiasm that Wall Street analysts have for a particular stock is important when considering an investment. According to the latest data, the consensus recommendation for Splunk Inc. (SPLK) is Outperform.
When it comes to reporting sales figures, public companies typically post earnings and revenue that fall above or below the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Jul. 2017, Splunk Inc. (SPLK) delivered a 4.26% surprise with its net revenue. Sales reached $0.28 billion during the three-month period, compared to the average analyst estimate of $0.27 billion.
Meanwhile, during the same quarter Splunk Inc. (SPLK) delivered a 32.89% earnings surprise. Net earnings for the quarter were posted at $0.08 per share, whereas Wall Street had forecast $0.06 per share.
Ownership at Splunk Inc. (SPLK), According to Most Recent SEC Filings
A publicly-traded company’s most recent 13F filings give us important details about the organization’s institutional ownership. Splunk Inc. (SPLK) has 0.14 billion shares outstanding currently, 100.37% of which belong to institutional investors. Those institutional holdings amount to $9.5 billion.
Additionally, according to the most recent 13F filing from Splunk Inc. (SPLK), there were 40 new positions totaling 1,789,807 shares of the company’s stock. There were 44 sold out positions, on the other hand, totaling 2,042,421 shares.
Short, Medium and Long Term Indicators
Taking a look at a stock’s average volume – in the long, medium and short terms – is helpful for understanding investor sentiment and trading activity. Splunk Inc. (SPLK) has had a 20-day average volume of 1,572,155 shares, with an average of 40% of short term indicators pointed at Buy.
The stock’s 50-day average volume has been 1,722,524 shares, with an average of 75% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,555,696 shares with 67% of long-term indicators pointing to Buy.