Sage Rhino Capital LLC bought a new stake in Splunk Inc (NASDAQ:SPLK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,003 shares of the software company’s stock, valued at approximately $374,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Berman Capital Advisors LLC purchased a new position in Splunk in the fourth quarter valued at approximately $29,000. Bessemer Group Inc. increased its stake in Splunk by 192.2% in the fourth quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. Captrust Financial Advisors increased its stake in Splunk by 244.4% in the fourth quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock valued at $45,000 after purchasing an additional 303 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in Splunk in the fourth quarter valued at approximately $56,000. Finally, Financial Advocates Investment Management increased its stake in Splunk by 461.0% in the fourth quarter. Financial Advocates Investment Management now owns 864 shares of the software company’s stock valued at $61,000 after purchasing an additional 710 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.
In related news, General Counsel Scott Morgan sold 1,366 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $124.49, for a total transaction of $170,053.34. Following the transaction, the general counsel now directly owns 46,807 shares of the company’s stock, valued at approximately $5,827,003.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Leonard R. Stein sold 8,344 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $125.28, for a total value of $1,045,336.32. Following the transaction, the senior vice president now directly owns 75,833 shares in the company, valued at $9,500,358.24. The disclosure for this sale can be found here. Insiders sold a total of 124,271 shares of company stock worth $15,613,440 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.
SPLK traded up $0.89 during midday trading on Friday, hitting $133.32. The company’s stock had a trading volume of 870,957 shares, compared to its average volume of 1,072,391. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of -83.85 and a beta of 2.03. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, February 28th. The software company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $622.09 million during the quarter, compared to analysts’ expectations of $562.22 million. Splunk had a negative net margin of 15.28% and a negative return on equity of 14.59%. Equities research analysts anticipate that Splunk Inc will post -1.08 earnings per share for the current year.
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to investigate, monitor, analyze, and act on data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; Splunk Cloud; and Splunk Light, which offers log search and analysis for small IT environments.
Further Reading: P/E Growth (PEG)
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