Insider Selling: Splunk CMO Sells 6,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) CMO Steven Sommer unloaded 6,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $60.02, for a total transaction of $360,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Splunk (NASDAQ:SPLK) traded up 3.78% on Friday, hitting $62.95. 1,324,379 shares of the company’s stock traded hands. Splunk has a 52 week low of $26.10 and a 52 week high of $63.77. The stock’s 50-day moving average is $56.80 and its 200-day moving average is $48.05. The company’s market cap is $6.660 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly 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 in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis.
SPLK has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Splunk (NASDAQ:SPLK) from $60.00 to $69.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Splunk (NASDAQ:SPLK) from $43.00 to $60.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Splunk (NASDAQ:SPLK) from $62.00 to $68.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.57.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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