Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $59.48, for a total value of $2,379,200.00. Following the completion of the transaction, the director now directly owns 291,676 shares in the company, valued at approximately $17,348,888.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, November 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.46, for a total value of $2,338,400.00.
  • 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.

Shares of Splunk Inc. (NASDAQ:SPLK) opened at 59.88 on Monday. The stock’s market cap is $8.06 billion. Splunk Inc. has a 52 week low of $29.85 and a 52 week high of $66.90. The firm has a 50-day moving average of $59.32 and a 200 day moving average of $58.04.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $200.52 million. During the same quarter in the prior year, the business posted $0.03 EPS. Splunk’s revenue for the quarter was up 43.5% compared to the same quarter last year. On average, equities analysts forecast 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. Wedbush reissued an “outperform” rating and issued a $72.00 target price on shares of Splunk in a research note on Friday, November 11th. MKM Partners reaffirmed a “neutral” rating on shares of Splunk in a research note on Friday, November 4th. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Vetr cut Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 price objective on the stock. in a research note on Monday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Splunk in a research note on Friday, October 14th. Eleven analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $66.77.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 last quarter. Baillie Gifford & Co. raised its stake in 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 last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 last quarter. JPMorgan Chase & Co. raised its stake in 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 last quarter. Finally, Wells Fargo & Company MN raised its stake in 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 last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.

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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