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How to Buy Splunk Stock [2024] | Invest in SPLK

How to Buy Splunk Stock
Bogdan Stojkov

Summary: Splunk Inc. (SPLK) is one of the tech giants that has attracted the attention of many investors worldwide since it’s a publicly traded company. One of the most convenient ways to buy SPLK stock is through a regulated online broker service, such as our go-to brokerage, eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

About Splunk

Splunk is a dynamic software enterprise renowned for its expertise in transforming raw data into actionable insights, offering a comprehensive platform designed to empower businesses in aggregating, scrutinizing, and presenting extensive data volumes.

This innovative data-driven methodology has achieved widespread acclaim across diverse industries, firmly establishing Splunk as a prominent and influential figure within the ever-evolving landscape of technology.

Splunk homepage. Source: splunk.com

Splunk IPO

Splunk went public with its initial public offering (IPO) more than a decade ago, in April 2012. The IPO marked the company’s debut on the stock market, allowing investors to own a piece of the company. Since then, Splunk has continued to grow and innovate, attracting the attention of both individual and institutional investors.

How to buy Splunk stock: Step-by-step

In case you’re interested in investing in the tech stock market, you can follow our step-by-step guide below, and you’ll be an SPLK stockholder in no time.

Step 1: Choose a stock brokerage

Before you can buy Splunk stock, you’ll need to choose a stock brokerage to facilitate the purchase. Note that a brokerage account allows you to buy, sell, and hold stocks, as well as other financial instruments like mutual funds, exchange-traded funds (ETFs), etc.

Nevertheless, there are numerous brokerages out there. You should, hence, look for a service that offers a user-friendly platform, reasonable fees, and the ability to purchase NASDAQ-listed stocks like SPLK.

When it comes to Splunk stock, our go-to brokerage is eToro. A fully regulated and licensed platform by CySEC in the EU and FinCEN in the US, eToro is home to over 30 million investors from all over the world. Moreover, it offers a myriad of great features, such as:

  • Commission-free stock trading; 
  • 2,000+ stocks from 17 exchanges;
  • Fractional shares;
  • User-friendly platform.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Step 2: Open a brokerage account

Once you’ve selected a brokerage, you’ll need to open an account. This typically involves providing personal information, verifying your identity, and linking a bank account to fund your stock purchases.

Depending on which brokerage you go with, the process will be unique. However, they are all straightforward, allowing you to register in minutes and start buying, selling, and trading stocks and other financial instruments.

Step 3: Deposit funds

After your account is set up and verified, you’ll need to deposit funds into your brokerage account. This is the money you’ll use to buy Splunk stock. Most brokerages offer various funding options, such as bank transfers or electronic payments.

Step 4: Research Splunk stock

Regardless of which stock you’re looking to buy, before making any investment, it’s crucial to research the company you’re interested in.

In this case, you should take a close look at Splunk’s financial performance, recent news, competitive landscape, and future growth prospects. Only with this information will you be able to make an informed decision about whether to invest in SPLK.

Step 5: Place an order to buy Splunk stock

Once you’re confident in your decision, the time will be to place an order to buy Splunk stock. Hence, log in to your brokerage account, search for Splunk’s ticker symbol SPLK, and select the number of shares you want to purchase.

Yet, that’s not all. You’ll additionally need to determine the type of order you want to place on Splunk stock. These are a market order (buy at the current market price) and a limit order (buy at a specific price or better).

SPLK stock price today

Common mistakes to avoid when buying stock

Frankly, all investing carries inherent risks, SPLK stock included. However, to mitigate that risk, it’s crucial to be wary of common mistakes novice or reckless investors make. As such, we should point out that you should avoid:

  • Neglecting research: Failing to research the company thoroughly can lead to uninformed investment decisions;
  • Overlooking fees: Some brokerages charge fees for trades and account maintenance. Therefore, be aware of these costs to avoid surprises;
  • Emotional investing: Making decisions based on emotions rather than facts can lead to poor investment choices;
  • Lack of diversification: Placing all your funds in a single stock can expose you to higher risk. So, consider diversifying your portfolio;
  • Timing the market: Trying to predict the perfect time to buy can be challenging. Focus on the company’s long-term potential instead.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Splunk stock

Can I buy Splunk stock directly from the company?

No, you’ll need to use a brokerage like eToro to buy Splunk stock.

How much money do I need to start investing in Splunk?

The amount you need depends on the current stock price and how many shares you want to purchase. Therefore, carefully review the stock price and check whether it’s something you can afford at the moment.

Can I lose money by investing in Splunk?

Yes, investing in stocks carries risk, and the value of your investment can fluctuate.

Can I sell my Splunk stock anytime I want?

Yes, you can sell your Splunk stock whenever the stock market is open.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

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