Splunk Director Thomas Neustaetter Unloads 1,500 Shares (SPLK)
Splunk (NASDAQ:SPLK) Director Thomas Neustaetter sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $60.10, for a total value of $90,150.00. Following the completion of the transaction, the director now directly owns 100,103 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $56.19.
Splunk (NASDAQ:SPLK) traded down 0.36% on Thursday, hitting $60.779. The stock had a trading volume of 1,266,979 shares. Splunk has a 52 week low of $26.10 and a 52 week high of $61.75. The stock has a 50-day moving average of $52.20 and a 200-day moving average of $45.30. The company’s market cap is $6.327 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results 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 last year, the company posted ($0.01) earnings per share. Splunk’s revenue was up 50.3% compared to the same quarter last year. On average, analysts predict that Splunk will post $-0.01 earnings per share for the current fiscal year.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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