Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $59.33, for a total transaction of $7,119,600.00. Following the completion of the transaction, the director now owns 291,676 shares of the company’s stock, valued at $17,305,137.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, November 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $59.48, for a total transaction of $2,379,200.00.
  • On Monday, November 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.46, for a total transaction of $2,338,400.00.
  • 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 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.

Splunk Inc. (NASDAQ:SPLK) opened at 62.25 on Friday. The company has a 50 day moving average price of $59.26 and a 200 day moving average price of $57.99. Splunk Inc. has a 12 month low of $29.85 and a 12 month high of $66.90. The firm’s market capitalization is $8.38 billion.

Splunk (NASDAQ:SPLK) last posted its earnings results 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 firm 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 business’s quarterly revenue was up 43.5% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. Analysts anticipate 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 institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 worth $525,184,000 after buying an additional 438,237 shares during the period. Baillie Gifford & Co. increased its position 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 worth $419,930,000 after buying an additional 69,890 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Splunk by 37.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,247,157 shares of the software company’s stock worth $307,903,000 after buying an additional 1,427,346 shares during the period. JPMorgan Chase & Co. increased its position in shares of Splunk by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 4,911,187 shares of the software company’s stock worth $288,499,000 after buying an additional 268,544 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Splunk by 8.3% in the third quarter. Wells Fargo & Company MN now owns 4,822,697 shares of the software company’s stock worth $282,995,000 after buying an additional 371,290 shares during the period. Hedge funds and other institutional investors own 98.36% of the company’s stock.

A number of analysts have recently issued reports on SPLK shares. Wedbush reissued an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Splunk in a research report on Friday, August 19th. Maxim Group raised their price objective on shares of Splunk from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Vetr raised shares of Splunk from a “buy” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research report on Monday, September 12th. Zacks Investment Research raised shares of Splunk from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Thursday, October 27th. Finally, Summit Redstone set a $72.00 price objective on shares of Splunk and gave the company a “buy” rating in a research report on Monday, September 19th. Eleven research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Splunk has an average rating of “Buy” and an average price target 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

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.