Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $60.34, for a total value of $2,413,600.00. Following the completion of the transaction, the director now directly owns 311,676 shares of the company’s stock, valued at approximately $18,806,529.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $2,306,400.00.
  • 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 value of $2,459,600.00.
  • 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 value 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 value 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 value 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 value of $7,441,200.00.

Shares of Splunk Inc. (NASDAQ:SPLK) opened at 57.38 on Thursday. The firm’s market capitalization is $7.72 billion. The stock’s 50 day moving average price is $59.62 and its 200-day moving average price is $56.33. Splunk Inc. has a 52-week low of $29.85 and a 52-week high of $66.90.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm earned $212.80 million during the quarter, compared to analysts’ expectations of $200.52 million. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The firm’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. 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)

A number of research firms recently commented on SPLK. Citigroup Inc. boosted their target price on Splunk from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Barclays PLC boosted their target price on Splunk from $51.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, August 26th. Canaccord Genuity reiterated a “buy” rating and issued a $75.00 target price (up from $65.00) on shares of Splunk in a research report on Friday, August 26th. Stifel Nicolaus downgraded Splunk from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. They noted that the move was a valuation call. Finally, Robert W. Baird boosted their target price on Splunk from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Twelve equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $67.55.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position 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 in the last quarter. Advisor Group Inc. purchased a new position in Splunk during the second quarter valued at about $157,000. Seven Eight Capital LLC purchased a new position in Splunk during the second quarter valued at about $193,000. Shelton Capital Management purchased a new position in Splunk during the second quarter valued at about $206,000. Finally, Pacer Advisors Inc. boosted its position in Splunk by 986.4% in the second quarter. Pacer Advisors Inc. now owns 3,846 shares of the software company’s stock valued at $208,000 after buying an additional 3,492 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

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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