SPLK vs. OKTA, DDOG, PAYC, PATH, ON, ZS, MTD, MDB, GLW, and HPQ
Should you be buying Splunk stock or one of its competitors? The main competitors of Splunk include Okta (OKTA), Datadog (DDOG), Paycom Software (PAYC), UiPath (PATH), Onsemi (ON), Zscaler (ZS), Mettler-Toledo International (MTD), MongoDB (MDB), Corning (GLW), and HP (HPQ). These companies are all part of the "computer and technology" sector.
Okta (NASDAQ:OKTA) and Splunk (NASDAQ:SPLK) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two companies based on the strength of their community ranking, analyst recommendations, media sentiment, earnings, institutional ownership, valuation, profitability, risk and dividends.
86.6% of Okta shares are held by institutional investors. Comparatively, 87.6% of Splunk shares are held by institutional investors. 7.4% of Okta shares are held by insiders. Comparatively, 0.2% of Splunk shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Okta has a beta of 1, meaning that its stock price has a similar volatility profile to the S&P 500.Comparatively, Splunk has a beta of 1, meaning that its stock price has a similar volatility profile to the S&P 500.
Splunk has higher revenue and earnings than Okta. Okta is trading at a lower price-to-earnings ratio than Splunk, indicating that it is currently the more affordable of the two stocks.
Splunk received 1259 more outperform votes than Okta when rated by MarketBeat users. Likewise, 77.65% of users gave Splunk an outperform vote while only 59.55% of users gave Okta an outperform vote.
Okta currently has a consensus price target of $100.39, suggesting a potential upside of 7.47%. Splunk has a consensus price target of $135.31, suggesting a potential downside of 13.76%. Given Splunk's stronger consensus rating and higher possible upside, analysts clearly believe Okta is more favorable than Splunk.
Splunk has a net margin of 6.26% compared to Splunk's net margin of -15.69%. Okta's return on equity of 32,117.42% beat Splunk's return on equity.
In the previous week, Okta had 11 more articles in the media than Splunk. MarketBeat recorded 14 mentions for Okta and 3 mentions for Splunk. Okta's average media sentiment score of 0.99 beat Splunk's score of 0.41 indicating that Splunk is being referred to more favorably in the news media.
Summary
Splunk beats Okta on 11 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SPLK and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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