Campbell Capital Management Inc. Purchases New Position in Splunk Inc. (NASDAQ:SPLK)

Campbell Capital Management Inc. purchased a new stake in shares of Splunk Inc. (NASDAQ:SPLK) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,000 shares of the software company’s stock, valued at approximately $406,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perennial Advisors LLC purchased a new stake in Splunk in the fourth quarter worth about $25,000. Valley Brook Capital Group purchased a new stake in Splunk in the fourth quarter worth about $25,000. Paces Ferry Wealth Advisors LLC purchased a new stake in Splunk in the third quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new stake in Splunk in the fourth quarter worth about $33,000. Finally, Signet Investment Advisory Group Inc. purchased a new stake in Splunk in the fourth quarter worth about $34,000. Institutional investors own 90.47% of the company’s stock.

In other news, CEO Douglas Merritt sold 8,114 shares of the company’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $138.48, for a total transaction of $1,123,626.72. Following the completion of the sale, the chief executive officer now owns 341,240 shares of the company’s stock, valued at $47,254,915.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy Tully sold 10,391 shares of the company’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $140.84, for a total transaction of $1,463,468.44. Following the sale, the senior vice president now directly owns 113,389 shares of the company’s stock, valued at approximately $15,969,706.76. The disclosure for this sale can be found here. Insiders have sold 38,681 shares of company stock valued at $5,414,077 in the last ninety days. Insiders own 0.34% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price objective on shares of Splunk from $215.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, March 10th. Citigroup started coverage on shares of Splunk in a report on Wednesday, March 3rd. They set a “neutral” rating and a $178.00 price target on the stock. Daiwa Capital Markets started coverage on shares of Splunk in a report on Monday, December 28th. They set a “neutral” rating and a $189.00 price target on the stock. TheStreet cut shares of Splunk from a “c-” rating to a “d+” rating in a report on Friday, March 12th. Finally, Zacks Investment Research upgraded shares of Splunk from a “strong sell” rating to a “hold” rating and set a $180.00 price target on the stock in a report on Tuesday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $210.06.

NASDAQ:SPLK traded up $1.82 during trading hours on Thursday, reaching $140.61. 17,643 shares of the company were exchanged, compared to its average volume of 2,319,390. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 1.41. The stock’s 50-day moving average is $142.83 and its 200-day moving average is $173.57. The firm has a market cap of $22.74 billion, a PE ratio of -27.81 and a beta of 1.44. Splunk Inc. has a twelve month low of $120.58 and a twelve month high of $225.89.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Tuesday, March 2nd. The software company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.35. The company had revenue of $745.08 million during the quarter, compared to analysts’ expectations of $677.24 million. Splunk had a negative net margin of 34.77% and a negative return on equity of 34.13%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, research analysts anticipate that Splunk Inc. will post -4 EPS for the current year.

About Splunk

Splunk Inc develops and markets software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company offers Splunk Enterprise, a real-time data platform, which include collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud, a cloud service for machine data.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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