NBW Capital LLC Sells 3,480 Shares of Splunk Inc. (NASDAQ:SPLK)

NBW Capital LLC reduced its holdings in shares of Splunk Inc. (NASDAQ:SPLK) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,713 shares of the software company’s stock after selling 3,480 shares during the quarter. Splunk accounts for about 1.8% of NBW Capital LLC’s holdings, making the stock its 16th biggest holding. NBW Capital LLC’s holdings in Splunk were worth $8,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raleigh Capital Management Inc. grew its stake in shares of Splunk by 546.2% during the third quarter. Raleigh Capital Management Inc. now owns 168 shares of the software company’s stock worth $25,000 after buying an additional 142 shares during the last quarter. Orion Capital Management LLC bought a new stake in Splunk during the 3rd quarter worth $33,000. Quarry LP acquired a new position in Splunk in the 2nd quarter worth about $41,000. Venturi Wealth Management LLC bought a new position in Splunk in the third quarter valued at about $42,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Splunk during the third quarter valued at about $44,000. Institutional investors own 87.56% of the company’s stock.

Splunk Stock Performance

NASDAQ SPLK remained flat at $156.90 on Thursday. 5,546 shares of the company traded hands, compared to its average volume of 2,084,977. Splunk Inc. has a fifty-two week low of $82.19 and a fifty-two week high of $156.97. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $26.44 billion, a P/E ratio of 124.52, a PEG ratio of 4.42 and a beta of 1.00. The stock’s 50 day moving average is $156.27 and its two-hundred day moving average is $152.52.

Splunk (NASDAQ:SPLK) last issued its earnings results on Tuesday, February 27th. The software company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $1.42. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.26 billion. Splunk had a return on equity of 32,117.42% and a net margin of 6.26%. On average, analysts expect that Splunk Inc. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on SPLK. StockNews.com began coverage on Splunk in a research note on Thursday, April 11th. They issued a “buy” rating for the company. TheStreet upgraded shares of Splunk from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Twenty-three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $135.31.

Splunk Company Profile

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.