Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $61.49, for a total transaction of $2,459,600.00. Following the completion of the transaction, the director now owns 311,676 shares of the company’s stock, valued at approximately $19,164,957.24. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, October 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $57.66, for a total transaction of $2,306,400.00.
  • 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% during trading on Wednesday, reaching $57.38. 2,333,546 shares of the company’s stock were exchanged. The company’s market capitalization is $7.72 billion. Splunk Inc. has a 52-week low of $29.85 and a 52-week high of $66.90. The stock’s 50-day moving average price is $59.62 and its 200-day moving average price is $56.33.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business earned $212.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. Equities analysts expect that Splunk Inc. will post $0.29 earnings per share for the current year.

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

A number of analysts recently weighed in on the stock. Citigroup Inc. decreased their price target on shares of Splunk from $65.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday. Guggenheim downgraded shares of Splunk from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 4th. Vetr downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 price objective for the company. in a research report on Tuesday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $66.00 price objective on shares of Splunk in a research report on Friday, September 30th. Finally, Mizuho began coverage on shares of Splunk in a research report on Wednesday, September 21st. They set a “neutral” rating and a $60.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.55.

Several large investors have recently made changes to their positions in SPLK. Vanguard Group Inc. boosted its stake in shares of Splunk by 4.7% in the second quarter. Vanguard Group Inc. now owns 9,693,325 shares of the software company’s stock valued at $525,184,000 after buying an additional 438,237 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Splunk by 0.9% in the second quarter. Baillie Gifford & Co. now owns 7,750,654 shares of the software company’s stock valued at $419,930,000 after buying an additional 69,890 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Splunk by 31.7% in the second quarter. JPMorgan Chase & Co. now owns 4,642,643 shares of the software company’s stock valued at $251,538,000 after buying an additional 1,118,339 shares during the last quarter. Winslow Capital Management LLC boosted its stake in shares of Splunk by 488.5% in the second quarter. Winslow Capital Management LLC now owns 4,021,073 shares of the software company’s stock valued at $217,863,000 after buying an additional 3,337,773 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Splunk by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,359,248 shares of the software company’s stock valued at $182,004,000 after buying an additional 143,029 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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

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