How to Buy Splunk Stock
Splunk Inc
Splunk Inc. , together with its subsidiaries, provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally.
Splunk stock last closed at $145.07, up 0.44% from the previous day, and has increased 74.2% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.56 percentage points. Splunk stock is currently +123.18% from its 52-week low of $65.00, and -0.51% from its 52-week high of $145.81.
As of Sep 22, 2023, there are 167.7M shares of SPLK outstanding. The market cap of SPLK is $24.33B. In the past 24 hours, 9.19M SPLK shares were traded.
How to Buy Splunk Stock
Wondering how to invest in Splunk stock? Here's how.
- Figure out where to buy Splunk stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Splunk stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your payment method and add your information.
- Research Splunk stock: The Splunk ticker symbol is SPLK. Is Splunk stock a good investment? Should you buy shares of SPLK? How do SPLK's underlying business fundamentals look? Do top analysts think Splunk is a good buy? Why has SPLK's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SPLK is a good stock to buy).
- Execute your SPLK trade: Decide if you will purchase SPLK shares at the current market price or use a limit order to purchase SPLK shares at a particular price.
- Keep tabs on your SPLK position: Create a watchlist to keep track of your new investment in Splunk stock.
Step 1: Figure out where to buy Splunk stock
You will need a brokerage account in order to access the NASDAQ market and buy SPLK stock.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal information so you are able to buy SPLK stock today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Input your personal details to create a new trading account.
- Submit your information by pressing the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on the best investment app, you need to deposit funds:
Check out the video below for more details transferring money into your brokerage account.
Step 4: Research Splunk stock
Once you have identified the best place to buy Splunk stock, it's very important to research their stock prior to investing, so you truly comprehend the risk and opportunity.
Splunk quick stats
Fundamentals of SPLK
WallStreetZen was created to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on SPLK's stock page.
Is SPLK stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SPLK's intrinsic value.
You can access more valuation analysis on SPLK's stock here.
SPLK Financial Overview
Passed Health Checks:
- SPLK's operating cash flow of $826.54M allows it to safely service it's debt of $4.07B.
- There are more short-term assets than long-term liabilities on the SPLK balance sheet.
- There are more short-term assets than short-term liabilities on the SPLK balance sheet.
- SPLK profit margin has gone up from -32.8% to -0.6% in the past year.
Failed Health Checks:
- SPLK earnings of $33.46M is not sufficient to cover its interest payments.
- SPLK debt to equity ratio of -156.86 is negative.
- Total SPLK debt is still negative.
Is it a good time to buy Splunk stock, according to Wall Street analysts?
Out of 25 sell side analysts who track SPLK, the consensus analyst rating on SPLK is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest SPLK Analyst Forecasts
Gregg Moskowitz, a top 16% analyst from Mizuho maintains SPLK with a hold rating and raises their SPLK price target from $116.00 to $157.00, on Sep 22, 2023.
Joel Fishbein, a top 13% analyst from Truist Securities maintains SPLK with a strong buy rating and raises their SPLK price target from $130.00 to $157.00, on Sep 22, 2023.
Matthew Hedberg, a top 10% analyst from RBC Capital downgrades SPLK to a hold rating and raises their SPLK price target from $132.00 to $157.00, on Sep 22, 2023.
Keith Bachman, a top 4% analyst from BMO Capital downgrades SPLK to a hold rating and raises their SPLK price target from $127.00 to $157.00, on Sep 22, 2023.
Taz Koujalgi, a top 22% analyst from Wedbush reiterates SPLK with a hold rating and maintains their SPLK price target from $105.00 to $105.00, on Sep 22, 2023.
You can dive deeper into what analysts are forecasting on the Splunk stock forecast page.
SPLK Technical Indicators
SPLK Performance Metrics
Last year, SPLK revenue was $3.84B. During the past five year, SPLK's revenue has increased by 20.67% per year. This was faster than the Software - Infrastructure industry average of 17%.
Dig into SPLK's earnings and revenue performance here.
What are SPLK insiders up to?
Over the last 12 months, insiders at SPLK have sold more shares than they have bought.
Gary Steele, President and CEO of SPLK, was the latest SPLK insider to sell. They sold $1,152,768.00 worth of SPLK stock on Sep 18, 2023.
Get more info about who owns SPLK stock here.
Can I rely on SPLK as an income stream?
No, Splunk doesn't provide an income stream by paying out dividends.
What do other investors have to say about SPLK?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your SPLK trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, use a limit order.
Click the Open button and eToro will place the order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your SPLK position
Now that you own some SPLK stock, you'll want to stay up-to-date on your shares.
Make a watchlist to keep tabs on your SPLK stock.
SPLK Feed
How to Buy Stock in Splunk
To reiterate, here are the 6 steps to buy Splunk stock:
- Figure out where to buy Splunk stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Splunk stock
- Execute your SPLK trade
- Keep tabs on your SPLK position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Splunk, create a watchlist on WallStreetZen today.
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