Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $57.66, for a total transaction of $2,306,400.00. Following the transaction, the director now owns 311,676 shares of the company’s stock, valued at approximately $17,971,238.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Godfrey Sullivan also recently made the following trade(s):

  • On Monday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $61.49, for a total transaction of $2,459,600.00.
  • On Tuesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $60.34, for a total transaction of $2,413,600.00.
  • On Wednesday, September 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $58.93, for a total transaction of $7,587,237.50.
  • On Monday, August 8th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $61.55, for a total transaction of $2,462,000.00.
  • On Tuesday, August 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $62.20, for a total transaction of $2,488,000.00.
  • On Wednesday, August 10th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $62.01, for a total transaction of $7,441,200.00.

Splunk Inc. (NASDAQ:SPLK) traded down 3.77% on Wednesday, reaching $57.38. The company’s stock had a trading volume of 2,333,546 shares. The company’s market cap is $7.72 billion. Splunk Inc. has a 12 month low of $29.85 and a 12 month high of $66.90. The company has a 50-day moving average price of $59.62 and a 200 day moving average price of $56.33.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company earned $212.80 million during the quarter, compared to the consensus estimate of $200.52 million. Splunk had a negative return on equity of 38.45% and a negative net margin of 42.84%. The firm’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. On average, equities research analysts anticipate that Splunk Inc. will post $0.29 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

Several large investors have recently added to or reduced their stakes in SPLK. LS Investment Advisors LLC increased its stake in Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock valued at $128,000 after buying an additional 123 shares during the last quarter. Advisor Group Inc. acquired a new stake in Splunk during the second quarter worth $157,000. Seven Eight Capital LLC acquired a new stake in Splunk during the second quarter worth $193,000. Shelton Capital Management acquired a new stake in Splunk during the second quarter worth $206,000. Finally, Pacer Advisors Inc. boosted its stake in Splunk by 986.4% in the second quarter. Pacer Advisors Inc. now owns 3,846 shares of the software company’s stock worth $208,000 after buying an additional 3,492 shares during the period. 98.34% of the stock is owned by institutional investors.

SPLK has been the subject of several research analyst reports. Barclays PLC upped their price objective on shares of Splunk from $51.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, August 26th. Stifel Nicolaus downgraded shares of Splunk from a “buy” rating to a “hold” rating in a report on Friday, August 26th. They noted that the move was a valuation call. Morgan Stanley upped their price target on shares of Splunk from $58.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Drexel Hamilton reissued a “buy” rating and issued a $85.00 price target on shares of Splunk in a report on Wednesday, July 13th. Finally, Wedbush reissued an “outperform” rating and issued a $72.00 price target (up from $70.00) on shares of Splunk in a report on Sunday, August 28th. Twelve analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and an average price target of $67.55.

About Splunk

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

5 Day Chart for NASDAQ:SPLK

Receive News & Stock Ratings for Splunk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk Inc. and related stocks with our FREE daily email newsletter.