Splunk (SPLK, Financial) makes software that allows businesses to mine and analyze burgeoning amounts of digital data. We eliminated the position due to disappointing fourth quarter sales revenue, which also failed to make up for ground lost in the third quarter, due to longer decision-making cycles in a pandemic environment. Additionally, we see more competitive pressures forming for the company.
From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund first-quarter 2021 commentary.
