Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 120,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $68.22, for a total transaction of $8,186,400.00. Following the completion of the transaction, the director now directly owns 585,790 shares of the company’s stock, valued at approximately $39,962,593.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, November 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $68.62, for a total transaction of $2,744,800.00.
  • On Thursday, October 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $63.48, for a total transaction of $2,539,200.00.
  • 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 Tuesday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $64.40, for a total transaction of $2,576,000.00.
  • 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.

Splunk Inc. (SPLK) traded up $1.57 during trading hours on Friday, reaching $69.30. 3,691,800 shares of the company traded hands, compared to its average volume of 1,575,437. Splunk Inc. has a twelve month low of $50.64 and a twelve month high of $71.46.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. analysts predict that Splunk Inc. will post -1.47 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Splunk in the 3rd quarter worth approximately $201,000. FDx Advisors Inc. bought a new position in shares of Splunk in the third quarter worth approximately $210,000. Commonwealth Equity Services Inc bought a new position in shares of Splunk in the third quarter worth approximately $210,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after purchasing an additional 656 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after purchasing an additional 204 shares during the last quarter.

A number of brokerages have commented on SPLK. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price target on shares of Splunk in a research note on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $88.00 price target on shares of Splunk in a research note on Friday. Wells Fargo & Company reiterated a “buy” rating and issued a $95.00 price target on shares of Splunk in a research note on Friday. Mizuho upgraded shares of Splunk from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $90.00 in a research note on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $90.00 target price (up previously from $76.00) on shares of Splunk in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.14.

About Splunk

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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