Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction on Monday, November 14th. The shares were sold at an average price of $58.46, for a total value of $2,338,400.00. Following the completion of the sale, the director now directly owns 291,676 shares of the company’s stock, valued at $17,051,378.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, November 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $59.48, for a total value of $2,379,200.00.
  • On Wednesday, November 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The shares were sold at an average price of $59.33, for a total value of $7,119,600.00.
  • On Wednesday, October 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were 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 shares were sold at an average price of $61.49, for a total value of $2,459,600.00.
  • On Tuesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $60.34, for a total value of $2,413,600.00.
  • On Wednesday, September 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were sold at an average price of $58.93, for a total value of $7,587,237.50.

Splunk Inc. (NASDAQ:SPLK) traded up 1.82% on Thursday, reaching $61.42. The company’s stock had a trading volume of 425,896 shares. The stock has a 50 day moving average price of $59.17 and a 200-day moving average price of $57.96. Splunk Inc. has a 1-year low of $29.85 and a 1-year high of $66.90. The company’s market capitalization is $8263.63 billion.

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 Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $212.80 million for the quarter, compared to analyst estimates 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 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 earnings per share. Equities analysts predict that Splunk Inc. will post $0.29 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Winslow Capital Management LLC raised its position in 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 period. JPMorgan Chase & Co. boosted its position in 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. Fiera Capital Corp purchased a new position in Splunk during the second quarter valued at $46,849,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in Splunk by 516.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 968,979 shares of the software company’s stock valued at $56,859,000 after buying an additional 811,681 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Splunk during the second quarter valued at $60,529,000. Hedge funds and other institutional investors own 98.36% of the company’s stock.

Several research analysts recently commented on the company. Summit Redstone reissued a “buy” rating and set a $72.00 target price on shares of Splunk in a research note on Tuesday, September 6th. MKM Partners reissued a “neutral” rating on shares of Splunk in a research note on Friday, November 4th. Wedbush reissued an “outperform” rating and set a $72.00 target price on shares of Splunk in a research note on Friday, November 11th. DA Davidson reissued a “buy” rating and set a $83.00 target price on shares of Splunk in a research note on Wednesday, August 24th. Finally, Drexel Hamilton reissued a “buy” rating and set a $85.00 target price on shares of Splunk in a research note on Tuesday, August 23rd. Eleven investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Splunk currently has a consensus rating of “Buy” and a consensus target price of $67.50.

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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