Large Inflow of Money Detected in Splunk

Splunk (SPLK) : Investors lapped up stocks on upticks to the tune of $25.67 million in the Tuesdays trading session. The trading value on downticks was comparatively at $20.87 million and the uptick to downtick ratio of 1.23 indicates continuous buying by the bulls. The net money flow into the stock was $4.8 million. Upticks saw transactions worth $5.19 clearly indicating buying by large investors. The total money flow for block trades stood at $5.19 million, which is a positive for the stock in the long-term. Splunk (SPLK) fell $0.98 during the day at $58.77, a drop of -1.64% over the previous days close. However, for the week, the stock is 0.43%, compared to the previous week.


Also, Equity Analysts at the Stifel Nicolaus downgrades the rating on Splunk (NASDAQ:SPLK). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 26, 2016.

Splunk, Inc. has lost 9.38% in the last five trading days and dropped 5.27% in the last 4 weeks. Splunk, Inc. is up 0.91% in the last 3-month period. Year-to-Date the stock performance stands at -0.07%.

Splunk (NASDAQ:SPLK): The stock opened at $59.77 on Tuesday but the bulls could not build on the opening and the stock topped out at $60.23 for the day. The stock traded down to $58.16 during the day, due to lack of any buying support eventually closed down at $58.77 with a loss of -1.64% for the day. The stock had closed at $59.75 on the previous day. The total traded volume was 1,899,025 shares.

In a related news, The Securities and Exchange Commission has divulged that Conte David F, officer (SVP & Chief Financial Officer) of Splunk Inc, had unloaded 10,575 shares at an average price of $63.91 in a transaction dated on August 11, 2016. The total value of the transaction was worth $675,848.

Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.

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