Insider Selling: Splunk Director Unloads 58,925 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Nicholas Sturiale sold 58,925 shares of Splunk stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $61.28, for a total transaction of $3,610,924.00. Following the sale, the director now directly owns 4,565 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SPLK. 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 and a $70.00 price target 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 analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $58.00.
Shares of Splunk (NASDAQ:SPLK) traded up 1.06% on Friday, hitting $61.98. 3,386,853 shares of the company’s stock traded hands. Splunk has a 52-week low of $26.10 and a 52-week high of $62.21. The stock’s 50-day moving average is $53.8 and its 200-day moving average is $46.25. The company’s market cap is $6.452 billion.
Splunk (NASDAQ:SPLK) last released its earnings data on Thursday, August 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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. 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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