Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $64.40, for a total transaction of $2,576,000.00. Following the completion of the transaction, the director now owns 645,790 shares in the company, valued at $41,588,876. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, October 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $65.82, for a total transaction of $2,632,800.00.
  • On Wednesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $63.53, for a total transaction of $2,541,200.00.
  • On Monday, September 11th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The shares were sold at an average price of $68.13, for a total transaction of $3,321,337.50.
  • On Tuesday, September 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $67.80, for a total transaction of $2,712,000.00.
  • On Wednesday, September 13th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were sold at an average price of $67.84, for a total transaction of $8,734,400.00.
  • On Tuesday, August 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.13, for a total transaction of $2,325,200.00.
  • On Monday, August 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.84, for a total transaction of $2,353,600.00.
  • On Wednesday, August 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The shares were sold at an average price of $59.09, for a total transaction of $7,090,800.00.

Splunk Inc. (NASDAQ:SPLK) opened at 63.49 on Friday. The company’s market cap is $8.89 billion. The company’s 50 day moving average is $66.60 and its 200 day moving average is $62.57. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.61.

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

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A number of research analysts have weighed in on SPLK shares. Guggenheim upgraded shares of Splunk from a “neutral” rating to a “buy” rating and boosted their target price for the company from $69.00 to $70.00 in a research note on Thursday, June 22nd. Robert W. Baird reiterated an “outperform” rating and issued a $71.00 target price on shares of Splunk in a research note on Monday, July 10th. Wedbush cut shares of Splunk from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $72.00 to $63.00 in a research note on Thursday, June 15th. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Mizuho reiterated a “hold” rating and issued a $60.00 target price on shares of Splunk in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.06.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Splunk by 5.1% during the second quarter. Vanguard Group Inc. now owns 11,347,936 shares of the software company’s stock valued at $645,584,000 after purchasing an additional 546,338 shares in the last quarter. BlackRock Inc. raised its stake in Splunk by 2.1% during the second quarter. BlackRock Inc. now owns 7,075,105 shares of the software company’s stock valued at $402,503,000 after purchasing an additional 143,138 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Splunk by 40.1% during the second quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock valued at $224,259,000 after purchasing an additional 1,128,410 shares in the last quarter. Bank of America Corp DE raised its stake in Splunk by 0.5% during the first quarter. Bank of America Corp DE now owns 3,076,286 shares of the software company’s stock valued at $191,622,000 after purchasing an additional 16,089 shares in the last quarter. Finally, State Street Corp raised its stake in Splunk by 1.9% during the second quarter. State Street Corp now owns 2,807,558 shares of the software company’s stock valued at $159,709,000 after purchasing an additional 52,796 shares in the last quarter.

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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