Boston, MA 01/07/2013 (wallstreetpr) – Shares of Splunk Inc (NASDAQ:SPLK) had been traded in the price range of $46.29 and $47.61 per share on Friday. The share price of the company had gradually declined by 1.38 percent less than the previous day. The share price of Splunk Inc (NASDAQ:SPLK) has readjusted its 52 week high value to $47.61 per share to reach new peak and 52 week low value is at $25.82 per share.
Splunk Inc (NASDAQ:SPLK) is a software platform company which develops the software indexes and enables users to correlate, search, analyze, report and monitor on this data loaded indexes all in real time. The software platforms of the company are designed to suit various requirements of business professionals and information technology, thereby enabling the realization of real time visibilities of data and analysis of machine data.
Splunk Inc. (NASDAQ:SPLK) had recently announced the launch of beta version of Hunk – Splunk Analytics for Hadoop. Hunk (beta) is a new software product from Splunk, which integrates analyses, explores and visualizes data in Hadoop. Through this analytics technology of big data, Hunk drives dramatic improvements in the simplicity and speed of analyzing data and there had also been effective enhancements in the way of data integration in Hadoop. The Hunk beta release had efficiently exhibited the expertise that had been created by Splunk Inc (NASDAQ:SPLK) in the field of information technology over the years.
The shares of Splunk Inc (NASDAQ:SPLK) had experienced huge trading volume with the exchange of nearly 8.40 million shares on Friday and the average trading volume for the company is at 1.36 million shares per day. The market capitalization value is nearly $4.78 billion on that day with nearly 103.07 million shares outstanding in the market. The institutional ownership value is about to 106 percent.