Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $67.80, for a total value of $2,712,000.00. Following the transaction, the director now owns 699,540 shares in the company, valued at approximately $47,428,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, September 11th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The stock was sold at an average price of $68.13, for a total value of $3,321,337.50.
  • On Wednesday, September 13th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $67.84, for a total value of $8,734,400.00.
  • On Tuesday, August 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.13, for a total value of $2,325,200.00.
  • On Monday, August 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.84, for a total value of $2,353,600.00.
  • On Wednesday, August 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $59.09, for a total value of $7,090,800.00.
  • On Monday, July 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $57.69, for a total value of $2,307,600.00.
  • On Tuesday, July 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.35, for a total value of $2,334,000.00.
  • On Wednesday, July 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $60.27, for a total value of $2,410,800.00.

Splunk Inc. (NASDAQ:SPLK) traded up 0.154% on Thursday, reaching $67.484. The company had a trading volume of 233,205 shares. Splunk Inc. has a 52-week low of $50.64 and a 52-week high of $69.23. The firm’s market capitalization is $9.38 billion. The stock’s 50-day moving average price is $62.06 and its 200 day moving average price is $61.75.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $279.96 million during the quarter, compared to the consensus estimate of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities analysts anticipate that Splunk Inc. will post $0.54 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the company. Credit Suisse Group assumed coverage on Splunk in a research report on Tuesday, September 5th. They set an “outperform” rating and a $80.00 price target on the stock. ValuEngine upgraded Splunk from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. MKM Partners reiterated a “neutral” rating and set a $68.00 price target (up previously from $63.00) on shares of Splunk in a research report on Monday, August 28th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $80.00 target price on shares of Splunk in a research report on Friday, August 25th. Finally, Maxim Group restated a “buy” rating and issued a $85.00 target price on shares of Splunk in a research report on Friday, August 25th. Twelve research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Splunk presently has an average rating of “Buy” and a consensus target price of $72.76.

Several hedge funds have recently added to or reduced their stakes in SPLK. BlackRock Inc. increased its holdings in shares of Splunk by 5,553.3% during the 1st quarter. BlackRock Inc. now owns 6,931,967 shares of the software company’s stock worth $431,791,000 after buying an additional 6,809,349 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Splunk by 2,492.5% during the 1st quarter. Wellington Management Group LLP now owns 1,350,153 shares of the software company’s stock worth $84,102,000 after buying an additional 1,298,074 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Splunk by 40.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock worth $224,259,000 after buying an additional 1,128,410 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Splunk by 6,237.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,061,852 shares of the software company’s stock worth $18,665,000 after buying an additional 1,045,097 shares during the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of Splunk during the 2nd quarter worth $39,864,000.

Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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

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