Splunk Inc Stock Research

Market Summary

USD89.75+1.89

Market Closed

2.15%

SPLK Alerts

2 major insider sales recently.

SPLK Stock Price

SPLK RSI Chart

SPLK Valuation

Market Cap

14.7B

Price/Earnings (Trailing)

-21.34

Price/Sales (Trailing)

4.44

EV/EBITDA

-28.93

Price/Free Cashflow

49.52

SPLK Price/Sales (Trailing)

SPLK Profitability

EBT Margin

-20.05%

Return on Equity

120.68%

Return on Assets

-13.09%

Free Cashflow Yield

2.02%

SPLK Fundamentals

SPLK Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

39.87%

Revenue Q/Q

16.4%

SPLK Earnings

Earnings (TTM)

-687.5M

Earnings Y/Y

90.5%

Earnings Q/Q

84.45%

Price Action

52 Week Range

65.00150.79

(Low)(High)

Last 7 days

-11.8%

Last 30 days

-17.8%

Last 90 days

0.4%

Trailing 12 Months

-21.5%

SPLK Financial Health

Current Ratio

1.22

SPLK Investor Care

Shares Dilution (1Y)

2.95%

Diluted EPS (TTM)

-4.31

Peers (Alternatives to Splunk)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.1T	204.1B	-1.92%	-6.89%	30.5	10.08	10.38%	-5.25%
ORCL	228.6B	46.1B	-7.20%	4.35%	25.98	4.96	11.29%	-14.28%
CRM	186.7B	31.4B	6.91%	-6.75%	897.78	5.96	19.41%	-85.60%
ADBE	163.2B	17.6B	-11.04%	-20.88%	34.32	9.27	11.54%	-1.37%
ZM	20.9B	4.4B	-7.13%	-28.23%	201.15	4.75	7.15%	-92.46%
AZPN	12.1B	-	-3.12%	49.09%	44.35	17.39	-	-
MID-CAP
PLAN	9.6B	631.5M	-1.97%	16.85%	-45.68	15.19	33.30%	-26.60%
MANH	8.9B	767.1M	-2.98%	9.04%	69.2	11.63	15.59%	16.73%
GWRE	6.5B	869.9M	3.14%	-9.62%	-33	7.53	13.87%	-103.37%
APPN	3.1B	468.0M	2.00%	-15.48%	-20.53	6.62	26.74%	-70.26%
PING	2.4B	308.3M	1.17%	7.67%	-23.16	7.93	13.75%	-237.98%
SMALL-CAP
ZUO	1.2B	383.7M	4.07%	-32.35%	-9.91	3.24	14.43%	-50.89%
YEXT	1.2B	399.9M	30.95%	57.36%	-14.32	2.91	4.73%	8.15%
UPLD	152.1M	317.3M	-43.48%	-70.17%	-2.22	0.48	5.06%	-17.52%

Financials for Splunk

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	8.7%	3,304	3,039	2,846	2,674	2,518
Gross Profit	11.2%	2,503	2,251	2,081	1,940	1,824
Operating Expenses	-0.5%	3,083	3,100	3,085	3,087	2,979
S&GA Expenses	0.1%	1,603	1,602	1,574	1,535	1,495
R&D Expenses	-2.3%	1,012	1,035	1,038	1,030	983
EBITDA	36.2%	-478	-749	-932	-	-
EBITDA Margin	41.3%	-0.14*	-0.25*	-0.33*	-	-
Earnings Before Taxes	31.8%	-662	-971	-1,151	-1,320	-1,325
EBT Margin	37.3%	-0.20*	-0.32*	-0.40*	-	-
Interest Expenses	-31.5%	86.00	126	152	175	158
Net Income	31.1%	-687	-998	-1,172	-1,339	-1,337
Net Income Margin	36.7%	-0.21*	-0.33*	-0.41*	-	-
Free Cahsflow	31.6%	296	225	188	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.8%	5,251	5,210	5,210	5,791	5,089
Current Assets	4.6%	2,960	2,830	2,453	3,277	2,718
Cash Equivalents	11.4%	833	748	814	1,429	1,304
Net PPE	-7.5%	113	122	123	125	129
Goodwill	0%	1,402	1,402	1,402	1,402	1,402
Liabilities	-1.2%	5,821	5,894	5,872	5,568	4,911
Current Liabilities	40.5%	2,435	1,733	1,690	2,099	1,525
Shareholder's Equity	-355.7%	-569	223	178	-	-
Retained Earnings	-0.8%	-4,055	-4,022	-3,813	-3,808	-3,667
Additional Paid-In Capital	3.5%	4,497	4,347	4,155	5,032	4,846
Accumulated Depreciation	6.6%	185	173	163	154	148
Shares Outstanding	0.5%	163	163	161	160	159

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	28.7%	306	238	201	128	-28.41
Share Based Compensation	-1.8%	806	821	826	795	757
Cashflow From Investing	16.4%	-644	-771	-1,090	-333	-149
Cashflow From Financing	86.0%	-132	-949	-141	-136	-172
Buy Backs	-100.0%	0.00	1,616	1,000	1,616	-

Risks for SPLK

What is the probability of a big loss on SPLK?

89.6%

Probability that Splunk stock will be more than 20% underwater in next one year

60.8%

Probability that Splunk stock will be more than 30% underwater in next one year.

45.8%

Probability that Splunk stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SPLK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Splunk was unfortunately bought at previous high price.

Drawdowns

Returns for SPLK

Cumulative Returns on SPLK

8.5%

10-Year Cumulative Returns

9.1%

7-Year Cumulative Returns

-3.8%

5-Year Cumulative Returns

-8.6%

3-Year Cumulative Returns

What are the long-term rolling returns for SPLK?

FIve years rolling returns for Splunk.

Annualized Returns

Which funds bought or sold SPLK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-6.82	32,877	534,877	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-57.56	-7,444,360	7,033,640	0.01%
2023-03-10	BAILLIE GIFFORD & CO	added	0.32	3,468,560	26,825,600	0.03%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-3.99	646,000	7,167,000	0.04%
2023-03-01	Lakewood Asset Management LLC	new	-	6,000	6,000	-%
2023-02-28	Voya Investment Management LLC	added	7.87	-80,431,700	65,870,300	0.09%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-13.98	-40,142	2,592,860	-%
2023-02-24	SRS Capital Advisors, Inc.	added	40.00	1,616	3,616	-%
2023-02-24	National Pension Service	added	9.95	4,139,730	23,243,400	0.05%
2023-02-24	Garde Capital, Inc.	reduced	-26.21	-22,000	124,000	0.01%

Latest Funds Activity

Are funds buying SPLK calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SPLK

No. of Funds

SPLK Alerts

2 major insider sales recently.

Splunk News

Schedule 13G FIlings of Splunk

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	primecap management co/ca/	6.69%	10,945,923	SC 13G
Feb 09, 2023	vanguard group inc	9.78%	16,014,851	SC 13G/A
Feb 07, 2023	blackrock inc.	6.8%	11,085,883	SC 13G/A
Sep 09, 2022	h&f corporate investors x, ltd.	7.9%	12,799,822	SC 13D/A
Apr 04, 2022	h&f corporate investors x, ltd.	7.4%	11,909,197	SC 13D/A
Mar 04, 2022	h&f corporate investors x, ltd.	7.5%	11,909,197	SC 13D
Feb 14, 2022	price t rowe associates inc /md/	2.5%	4,041,325	SC 13G/A
Feb 07, 2022	blackrock inc.	6.2%	9,821,781	SC 13G/A
Aug 10, 2021	price t rowe associates inc /md/	8.6%	14,249,994	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	15.7%	25,466,761	SC 13G/A

SPLK Fair Value

Splunk fair value in different scenarios

The table shows the Fair Value estimates for Splunk for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	0.77 -99.14%	9.03 -89.94%	35.21 -60.77%	55.02 -38.70%
Current Inflation	- -	0.17 -99.81%	7.32 -91.84%	29.67 -66.94%	46.46 -48.23%
Very High Inflation	- -	- -	5.29 -94.11%	23.25 -74.09%	36.63 -59.19%

Historical Splunk Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Splunk

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 01, 2023	8-K	Current Report
Feb 09, 2023	SC 13G	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	SC 13G/A	Major Ownership Report
Feb 01, 2023	8-K	Current Report

Latest Insider Trading transactions for SPLK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	Steele Gary	sold (taxes)	-928,492	90.62	-10,246	president and ceo
2023-03-10	Emanuelson Timothy	sold (taxes)	-95,966	90.62	-1,059	chief accounting officer
2023-03-10	Morgan Scott	sold (taxes)	-617,032	90.62	-6,809	svp, clo, global affairs & sec
2023-03-06	Steele Elisa	sold	-320,250	105	-3,050	-
2023-03-06	Morgan Scott	sold	-202,080	101	-2,000	svp, clo, global affairs & sec
2023-01-23	Roberts Brian Keith	acquired	-	-	59,802	svp & chief financial officer
2022-12-10	Emanuelson Timothy	sold (taxes)	-74,741	92.16	-811	chief accounting officer
2022-12-10	Morgan Scott	sold (taxes)	-465,132	92.16	-5,047	svp, clo, global affairs & sec
2022-12-05	Morgan Scott	sold	-88,130	88.13	-1,000	svp, clo, global affairs & sec
2022-10-11	TUNNELL DAVID R	acquired	-	-	7,021	-

About Splunk

Gary L. Steele

www.splunk.com

7000

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. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications. In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk SOAR solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases. Further, the company provides adoption and implementation services, education services, and maintenance and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.

SPLK Income Statement

2022-10-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Oct. 31, 2022

Oct. 31, 2021

Oct. 31, 2022

Oct. 31, 2021

Revenues

Total revenues

$ 929,769

$ 664,751

$ 2,402,603

$ 1,772,545

Cost of revenues

Total cost of revenues

^[1]

201,765

188,290

610,712

543,603

Gross profit

728,004

476,461

1,791,891

1,228,942

Operating expenses

Research and development

^[1]

241,395

265,145

754,143

772,052

Sales and marketing

^[1]

388,094

386,932

1,193,929

1,125,169

General and administrative

^[1]

118,307

112,750

345,396

399,864

Total operating expenses

^[1]

747,796

764,827

2,293,468

2,297,085

Operating loss

(19,792)

(288,366)

(501,577)

(1,068,143)

Interest and other income (expense), net

Interest income

6,700

888

12,919

1,774

Interest expense

(11,228)

(50,723)

(34,796)

(123,326)

Other income (expense), net

(3,945)

411

(7,548)

334

Total interest and other income (expense), net

(8,473)

(49,424)

(29,425)

(121,218)

Loss before income taxes

(28,265)

(337,790)

(531,002)

(1,189,361)

Income tax provision

4,355

5,532

15,652

8,913

Net loss

$ (32,620)

$ (343,322)

$ (546,654)

$ (1,198,274)

Net loss per share:

Net loss per share, basic (in dollars per share)

$ (0.20)

$ (2.14)

$ (3.38)

$ (7.38)

Net loss per share, diluted (in dollars per share)

$ (0.20)

$ (2.14)

$ (3.38)

$ (7.38)

Weighted-average shares outstanding:

Weighted-average shares used in computing basic and diluted net loss per share

163,044

160,202

161,738

162,474

Cloud services

Revenues

Total revenues

$ 374,027

$ 243,042

$ 1,043,361

$ 654,422

Cost of revenues

Total cost of revenues

^[1]

119,558

100,210

361,939

286,311

License

Revenues

Total revenues

383,584

249,021

851,111

611,902

Cost of revenues

Total cost of revenues

^[1]

1,259

1,229

4,059

7,978

Maintenance and services

Revenues

Total revenues

172,158

172,688

508,131

506,221

Cost of revenues

Total cost of revenues

^[1]

$ 80,948

$ 86,851

$ 244,714

$ 249,314

[1]

Amounts include stock-based compensation expense, as follows:


Cost of revenues	$	21,842	$	21,350	$	64,641	$	60,729
Research and development	80,126		85,060		251,510		243,107
Sales and marketing	55,610		61,946		186,483		181,568
General and administrative	31,026		35,404		99,111		105,553

SPLK Balance Sheet

2022-10-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2022	Jan. 31, 2022
Current assets:
Cash and cash equivalents	$ 832,929	$ 1,428,691
Investments, current	924,296	286,337
Accounts receivable, net	976,580	1,306,666
Prepaid expenses and other current assets	115,238	152,871
Deferred commissions, current	111,414	102,322
Total current assets	2,960,457	3,276,887
Investments, non-current	41,325	46,431
Accounts receivable, non-current	164,792	242,689
Operating lease right-of-use assets	188,877	229,198
Property and equipment, net	112,976	124,900
Intangible assets, net	122,734	164,769
Goodwill	1,401,628	1,401,628
Deferred commissions, non-current	212,741	200,876
Other assets	45,815	103,497
Total assets	5,251,345	5,790,875
Current liabilities:
Accounts payable	18,433	59,206
Accrued compensation	248,158	396,952
Accrued expenses and other liabilities	204,736	257,979
Deferred revenue, current	1,187,969	1,384,605
Debt, current	775,233	0
Total current liabilities	2,434,529	2,098,742
Debt, non-current	3,097,311	3,137,731
Operating lease liabilities	199,118	225,556
Deferred revenue, non-current	68,982	86,584
Other liabilities, non-current	21,053	19,491
Total non-current liabilities	3,386,464	3,469,362
Total liabilities	5,820,993	5,568,104
Commitments and contingencies (Note 3 and 4)
Stockholders' equity:
Common stock: $0.001 par value; 1,000,000,000 shares authorized; 163,472,297 shares outstanding at October 31, 2022, and 160,044,675 shares outstanding at January 31, 2022	170	167
Accumulated other comprehensive loss	(11,226)	(1,199)
Additional paid-in capital	4,496,935	5,032,351
Treasury stock, at cost: 6,885,414 shares at October 31, 2022 and January 31, 2022	(1,000,000)	(1,000,000)
Accumulated deficit	(4,055,527)	(3,808,548)
Total stockholders' equity	(569,648)	222,771
Total liabilities and stockholders' equity	$ 5,251,345	$ 5,790,875