Insider Selling: Splunk CEO Sells 10,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) CEO Godfrey Sullivan unloaded 10,000 shares of Splunk stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $60.89, for a total value of $608,900.00. Following the completion of the sale, the chief executive officer now directly owns 169,190 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SPLK has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.19.
Splunk (NASDAQ:SPLK) traded down 0.36% during mid-day trading on Thursday, hitting $60.779. 1,266,979 shares of the company’s stock traded hands. Splunk has a 1-year low of $26.10 and a 1-year high of $61.75. The stock’s 50-day moving average is $52.20 and its 200-day moving average is $45.30. The company’s market cap is $6.327 billion.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter 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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