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Motley Fool
Why I’m Selling Splunk Stock and Buying Dynatrace and Elastic Instead
The recent executive leadership shake-up has pushed me to put my Splunk stock on the chopping block. It’s been a profitable journey overall, as I’ve been a shareholder for years, but Splunk has fallen behind some of its peers in the data analytics and cloud observability space. Here’s why I’m adding Elastic (NYSE: ESTC) stock to my holdings and buying more Dynatrace (NYSE: DT) to replace my Splunk holdings. As such, it predates the cloud computing era — and as more companies make the switch to a more modern IT approach, Splunk has needed to follow suit and adjust the way it delivers its software, improve on its capabilities, and update the way it bills customers.
