Whittier Trust Co. Acquires 146 Shares of Splunk Inc (NASDAQ:SPLK)

Whittier Trust Co. boosted its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 115.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273 shares of the software company’s stock after purchasing an additional 146 shares during the period. Whittier Trust Co.’s holdings in Splunk were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPLK. Cable Hill Partners LLC bought a new position in Splunk during the first quarter worth about $25,000. Manchester Financial Inc. acquired a new stake in shares of Splunk during the second quarter worth approximately $29,000. Trustcore Financial Services LLC acquired a new stake in shares of Splunk during the first quarter worth approximately $37,000. Icon Wealth Partners LLC acquired a new stake in shares of Splunk during the first quarter worth approximately $44,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Splunk during the first quarter worth approximately $47,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

SPLK traded up $1.65 during trading on Tuesday, hitting $124.12. The company had a trading volume of 752,625 shares, compared to its average volume of 1,304,344. The stock has a market capitalization of $18.97 billion, a P/E ratio of -78.06 and a beta of 2.02. Splunk Inc has a one year low of $83.69 and a one year high of $143.70. The stock has a 50-day moving average of $131.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.20 and a quick ratio of 3.20.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.08). Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. The company had revenue of $424.90 million during the quarter, compared to the consensus estimate of $395.92 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company’s revenue was up 36.4% compared to the same quarter last year. Equities research analysts predict that Splunk Inc will post -0.99 earnings per share for the current year.

In other Splunk news, insider Ledger Susan St. sold 10,298 shares of Splunk stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $115.13, for a total value of $1,185,608.74. Following the sale, the insider now directly owns 247,598 shares in the company, valued at approximately $28,505,957.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas Merritt sold 13,342 shares of Splunk stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $115.21, for a total transaction of $1,537,131.82. Following the completion of the sale, the chief executive officer now owns 296,211 shares in the company, valued at $34,126,469.31. The disclosure for this sale can be found here. Insiders sold a total of 31,813 shares of company stock worth $3,676,685 over the last quarter. Company insiders own 0.34% of the company’s stock.

Several analysts have recently weighed in on SPLK shares. Maxim Group reaffirmed a “buy” rating and set a $148.00 price objective (down previously from $159.00) on shares of Splunk in a report on Monday, June 3rd. Zacks Investment Research raised shares of Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. ValuEngine lowered shares of Splunk from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group started coverage on shares of Splunk in a report on Friday, June 7th. They set a “neutral” rating and a $119.00 price objective for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $160.00 price objective on shares of Splunk in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $144.27.

Splunk Profile

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

Read More: What is the definition of a trade war?

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.