Starboard believes there is substantial upside from its current price at Splunk

Key summary: On Oct 20, 2022, Starboard voiced concerns over stock price decline in Splunk and believes successful margin improvement could reward shareholders.

Market Cap: $12.8 billion | 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. 

On October 20, 2022, Starboard issued an investor presentation in which it expressed its concerns that the company's stock price has declined significantly and opined its belief that if management can successfully execute on a margin improvement plan, Starboard believes the shareholders will be meaningfully rewarded