Splunk Inc (NASDAQ:SPLK) Insider Sells $1,185,608.74 in Stock
Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 10,298 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $115.13, for a total transaction of $1,185,608.74. Following the transaction, the insider now owns 247,598 shares of the company’s stock, valued at approximately $28,505,957.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ SPLK traded down $0.62 during mid-day trading on Wednesday, reaching $116.13. The company had a trading volume of 1,177,972 shares, compared to its average volume of 1,770,381. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29. The stock has a market cap of $17.26 billion, a PE ratio of -73.04 and a beta of 2.14. Splunk Inc has a 52 week low of $83.69 and a 52 week high of $143.70.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.08). The company had revenue of $424.90 million during the quarter, compared to the consensus estimate of $395.92 million. Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. As a group, sell-side analysts forecast that Splunk Inc will post -0.99 earnings per share for the current year.
A number of brokerages recently weighed in on SPLK. BidaskClub lowered shares of Splunk from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Zacks Investment Research lowered shares of Splunk from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Northland Securities restated a “buy” rating and set a $160.00 target price on shares of Splunk in a research report on Friday, May 24th. Wedbush upped their target price on shares of Splunk from $159.00 to $163.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, Mitsubishi UFJ Financial Group upped their target price on shares of Splunk to $159.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $144.27.
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Splunk Company Profile
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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