Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 8,096 shares of Splunk stock in a transaction on Friday, November 8th. The shares were sold at an average price of $125.00, for a total transaction of $1,012,000.00. Following the completion of the sale, the insider now directly owns 210,537 shares of the company’s stock, valued at approximately $26,317,125. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:SPLK traded down $7.46 on Thursday, hitting $117.26. 123,170 shares of the company were exchanged, compared to its average volume of 1,383,257. The company’s 50 day moving average price is $119.19 and its two-hundred day moving average price is $123.83. Splunk Inc has a one year low of $83.69 and a one year high of $143.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.06. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of -73.75 and a beta of 2.03.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.16. Splunk had a negative net margin of 15.16% and a negative return on equity of 12.73%. The company had revenue of $516.56 million for the quarter, compared to the consensus estimate of $488.97 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue was up 33.0% compared to the same quarter last year. Research analysts predict that Splunk Inc will post -0.88 earnings per share for the current year.

Several research firms recently issued reports on SPLK. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Splunk in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Splunk from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. ValuEngine downgraded shares of Splunk from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wedbush reiterated an “outperform” rating and issued a $153.00 target price on shares of Splunk in a report on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $150.00 target price on shares of Splunk in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average target price of $148.59.

Several large investors have recently bought and sold shares of SPLK. Zions Bancorporation N.A. increased its holdings in shares of Splunk by 37.2% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,087 shares of the software company’s stock worth $262,000 after purchasing an additional 566 shares during the period. Spence Asset Management increased its holdings in shares of Splunk by 3.1% during the 2nd quarter. Spence Asset Management now owns 63,762 shares of the software company’s stock worth $8,018,000 after purchasing an additional 1,931 shares during the period. Scout Investments Inc. increased its holdings in shares of Splunk by 54.8% during the 2nd quarter. Scout Investments Inc. now owns 600,392 shares of the software company’s stock worth $75,499,000 after purchasing an additional 212,442 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Splunk by 5.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 16,870 shares of the software company’s stock worth $2,121,000 after purchasing an additional 853 shares during the period. Finally, Heritage Investors Management Corp bought a new position in shares of Splunk during the 2nd quarter worth about $913,000. Institutional investors own 91.12% of the company’s stock.

About Splunk

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.

Recommended Story: What is a Special Dividend?

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

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.