180 Wealth Advisors LLC Has $563,000 Holdings in Splunk Inc. (NASDAQ:SPLK)

180 Wealth Advisors LLC trimmed its position in shares of Splunk Inc. (NASDAQ:SPLK) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,330 shares of the software company’s stock after selling 161 shares during the period. 180 Wealth Advisors LLC’s holdings in Splunk were worth $563,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Moody National Bank Trust Division boosted its position in shares of Splunk by 2.1% during the 2nd quarter. Moody National Bank Trust Division now owns 4,650 shares of the software company’s stock worth $493,000 after acquiring an additional 96 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its position in shares of Splunk by 3.6% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock worth $455,000 after acquiring an additional 105 shares in the last quarter. Sandy Spring Bank boosted its position in shares of Splunk by 24.7% during the 4th quarter. Sandy Spring Bank now owns 545 shares of the software company’s stock worth $47,000 after acquiring an additional 108 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Splunk by 2.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,118 shares of the software company’s stock worth $491,000 after acquiring an additional 119 shares in the last quarter. Finally, Lincoln National Corp boosted its position in shares of Splunk by 4.2% during the 1st quarter. Lincoln National Corp now owns 3,039 shares of the software company’s stock worth $291,000 after acquiring an additional 122 shares in the last quarter. 87.56% of the stock is currently owned by institutional investors and hedge funds.

Splunk Trading Down 1.3 %

Shares of Splunk stock opened at $119.25 on Tuesday. The stock has a fifty day simple moving average of $109.23 and a 200 day simple moving average of $100.24. Splunk Inc. has a 12-month low of $65.00 and a 12-month high of $125.91.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Wednesday, August 23rd. The software company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.25. Splunk had a negative return on equity of 22.78% and a negative net margin of 0.61%. The business had revenue of $910.59 million during the quarter, compared to the consensus estimate of $889.29 million. During the same quarter in the prior year, the company posted ($0.94) earnings per share. Splunk’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that Splunk Inc. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPLK shares. Needham & Company LLC increased their price target on shares of Splunk from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. TheStreet lowered shares of Splunk from a “c-” rating to a “d” rating in a research report on Thursday, May 25th. Piper Sandler boosted their price target on Splunk from $118.00 to $123.00 in a report on Thursday, May 25th. UBS Group boosted their price target on Splunk from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, August 24th. Finally, Barclays boosted their price target on Splunk from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.79.

Insider Buying and Selling

In other Splunk news, SVP Christian Smith sold 1,500 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $105.64, for a total value of $158,460.00. Following the completion of the transaction, the senior vice president now owns 109,453 shares in the company, valued at approximately $11,562,614.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Splunk news, Director Elisa Steele sold 288 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $105.64, for a total value of $30,424.32. Following the completion of the transaction, the director now owns 16,970 shares in the company, valued at approximately $1,792,710.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christian Smith sold 1,500 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $105.64, for a total value of $158,460.00. Following the transaction, the senior vice president now owns 109,453 shares of the company’s stock, valued at approximately $11,562,614.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,246 shares of company stock worth $2,391,370. 0.17% of the stock is owned by corporate insiders.

About Splunk

Splunk Inc, together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.