Insider Selling: Splunk SVP Unloads 8,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Guido Schroeder sold 8,000 shares of the stock on the open market in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $61.11, for a total transaction of $488,880.00. Following the transaction, the senior vice president now directly owns 40,000 shares in the company, valued at approximately $2,444,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Splunk (NASDAQ:SPLK) traded up 3.78% during mid-day trading 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.
A number of research firms have recently commented on SPLK. 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $61.57.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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