Insider Selling: Splunk SVP Unloads 4,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Thomas Schodorf unloaded 4,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $60.15, for a total transaction of $240,600.00. Following the completion of the sale, the senior vice president now directly owns 424,852 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SPLK. Analysts at Canaccord Genuity initiated coverage on shares of Splunk (NASDAQ:SPLK) in a research note to investors on Friday, September 6th. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Splunk (NASDAQ:SPLK) in a research note to investors on Thursday, September 5th. They set an “equal weight” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Splunk (NASDAQ:SPLK) from $52.00 to $58.00 in a research note to investors on Friday, August 30th. They now have a “positive” rating on the stock.
Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $56.19.
Splunk (NASDAQ:SPLK) traded up 1.08% on Wednesday, hitting $61.00. The stock had a trading volume of 884,331 shares. Splunk has a 52 week low of $26.10 and a 52 week high of $61.21. The stock has a 50-day moving average of $51.89 and a 200-day moving average of $45.18. The company’s market cap is $6.350 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 29th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $62.97 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis. Analysts expect that Splunk will post $-0.01 EPS for the current fiscal year.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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