Insider Selling: Graham Smith Sells 5,000 Shares of Splunk Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Graham Smith sold 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $59.49, for a total transaction of $297,450.00. Following the transaction, the director now directly owns 119,565 shares in the company. The transaction was disclosed in a legal filing 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 Cantor Fitzgerald initiated coverage on shares of Splunk (NASDAQ:SPLK) in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at Drexel Hamilton raised their price target on shares of Splunk (NASDAQ:SPLK) to $75.00 in a research note to investors on Tuesday. Finally, 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.
Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $57.29.
Splunk (NASDAQ:SPLK) traded up 1.44% during mid-day trading on Thursday, hitting $61.33. 1,046,570 shares of the company’s stock traded hands. Splunk has a one year low of $26.10 and a one year high of $62.21. The stock has a 50-day moving average of $53.8 and a 200-day moving average of $46.25. The company’s market cap is $6.384 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 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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