Large Outflow of Money Witnessed in Splunk Inc.

Splunk Inc. (SPLK) had an volatile session and gained 0.05 points till last call. The price was at $57.91, gaining 0.09% till the last intraday data. The total uptick value was $10.33 million while the total downtick value was $13.76 million. The shares saw a net money flow of $(-3.43) million and the up/down ratio stood at 0.75. The stock has seen a change of of 1.05% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-2.9) million. Almost $0 million were received in upticks and approximately $2.9 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Splunk Inc. has dropped 0.77% in the last five trading days, however, the shares have posted positive gains of 13.67% in the last 4 weeks. Splunk Inc. has dropped 3.41% during the last 3-month period . Year-to-Date the stock performance stands at 13.67%. Splunk Inc. (NASDAQ:SPLK) rose 0.48% or 0.28 points on Wednesday and made its way into the gainers of the day. After trading began at $58.01 the stock was seen hitting $58.33 as a peak level and $57.05 as the lowest level. The stock ended up at $58.14. The daily volume was measured at 1,363,819 shares. The 52-week high of the share price is $65.75 and the 52-week low is $29.85. The company has a market cap of $7,887 million.

Company has reported several Insider transactions to the SEC, on Jan 27, 2017, Leonard R Stein (SVP, General Counsel & Sec.) sold 1,209 shares at 60.00 per share price.On Jan 11, 2017, Godfrey Sullivan (director) sold 120,000 shares at 56.36 per share price.On Dec 14, 2016, Douglas Merritt (President and CEO) sold 6,155 shares at 56.62 per share price.

Splunk Inc Last issued its quarterly earnings results on May 26, 2016. The company reported $-0.02 EPS for the quarter. Analyst had a consensus estimate of $-0.02. The company had revenue of $186.00 million for the quarter, compared to analysts expectations of $174.18 million. The companys revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Splunk Inc was Initiated by Argus to Hold on Jan 27, 2017. Splunk Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Company shares were Reiterated by Wedbush on Nov 30, 2016 to Outperform, Raises Price Target to $ 75 from a previous price target of $72 .

Splunk Inc. provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals. Splunk Inc. is based in San Francisco, California.

Splunk

Share this post

Leave a Reply