Splunk Inc.’s recent filing unveils that its Director Steele Elisa unloaded Company’s shares for reported $0.34 million on Aug 30. In the deal valued at $120.00 per share,2,812 shares were sold. As a result of this transaction, Steele Elisa now holds 11,108 shares worth roughly $ 1.38 million.
Then, Steele Elisa sold 3,050 shares, generating $341,600 in total proceeds. Upon selling the shares at $112.00, the Director now owns 13,920 shares.
Before that, Morgan Scott sold 4,996 shares. Splunk Inc. shares valued at $520,545 were divested by the SVP, CLO, Global Affairs & Sec at a price of $104.19 per share. As a result of the transaction, Morgan Scott now holds 122,889 shares, worth roughly $15.26 million.
CapitalOne initiated its Splunk Inc. [SPLK] rating to an Overweight in a research note published on Tuesday, August 09, 2023; the price target was $125. PT values the company’s stock at a premium of 0.63 to its Tuesday closing price.
Price Performance Review of SPLK
On Tuesday, Splunk Inc. [NASDAQ:SPLK] saw its stock jump 1.11% to $124.21. On the same session, the stock had its day’s lowest price of $121.88, but rose to a high of $124.35. Over the last five days, the stock has gained 6.03%. Splunk Inc. shares have risen nearly 44.28% since the year began. Nevertheless, the stocks have risen 40.48% over the past one year. While a 52-week high of $123.44 was reached on 09/05/23, a 52-week low of $65.00 was recorded on 01/06/23. SMA at 50 days reached $105.81, while 200 days put it at $96.03. A total of 1.92 million shares were traded, compared to the trading of 1.94 million shares in the previous session.
Levels Of Support And Resistance For SPLK Stock
The 24-hour chart illustrates a support level at 122.61, which if violated will result in even more drops to 121.01. On the upside, there is a resistance level at 125.08. A further resistance level may holdings at 125.95. The Relative Strength Index (RSI) on the 14-day chart is 81.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.48%. Stochastics %K at 98.44% indicates the stock is a selling.
How much short interest is there in Splunk Inc.?
A steep rise in short interest was recorded in Splunk Inc. stocks on Aug 14, 2023, growing by 0.45 million shares to a total of 5.32 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.87 million shares. There was a rise of 8.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.4.
Splunk Inc. [SPLK] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 16,030,832 shares, or roughly 9.68% of the outstanding SPLK shares. In other words, the investor’s shares have risen by 145,178 from its previous 13-F filing of 15885654.0. Additionally, PRIMECAP Management Co. increased 0.17% of its stake after which the total value it holdings stand at $1,207,913,949, while BlackRock Fund Advisors added 4.78% of its stake to hold $836.33 million in the firm. Over the last quarter, Pictet Asset Management SA sold -19,610 shares of Splunk Inc., while ClearBridge Investments LLC sold -167,419 shares. At present, Fidelity Management & Research Co is holding 4,219,942 shares valued at $457.15 million. Starboard Value LP owned 4,068,000 shares of the company at the time of its most recent 13F filing, worth $440.69 million.
According to FactSet, Splunk Inc.’s share price will average $126.97 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.6 percent from its previous closing price of $122.85. Analysts expect Splunk Inc. stock to reach the higher price of $150.00, while the lowest price estimate is $105.00. However, 41 analysts have rated SPLK stock as an Overweight in their predictions for 2023.