Splunk SVP Leonard Stein Unloads 60,000 Shares (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard Stein sold 60,000 shares of Splunk stock on the open market in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $62.06, for a total transaction of $3,723,600.00. Following the completion of the sale, the senior vice president now directly owns 42,669 shares in the company, valued at approximately $2,648,038. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Splunk (NASDAQ:SPLK) in a research note to investors on Monday. They set a “neutral” rating and a $69.00 price target on the stock. Separately, 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. Finally, 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, September 17th.
Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Splunk has an average rating of “Buy” and an average target price of $58.58.
Splunk (NASDAQ:SPLK) traded down 1.97% on Monday, hitting $60.76. 1,621,981 shares of the company’s stock traded hands. Splunk has a 52 week low of $26.10 and a 52 week high of $63.34. The stock’s 50-day moving average is $54.16 and its 200-day moving average is $46.42. The company’s market cap is $6.428 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly 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. 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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