Splunk CEO Unloads $611,900 in Stock (SPLK)
Splunk (NASDAQ:SPLK) CEO Godfrey Sullivan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $61.19, for a total value of $611,900.00. Following the completion of the sale, the chief executive officer now directly owns 169,190 shares in the company, valued at approximately $10,352,736. The transaction 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% on Friday, hitting $62.95. 1,324,379 shares of the company’s stock traded hands. Splunk has a 1-year low of $26.10 and a 1-year high of $63.77. The stock has a 50-day moving average of $56.80 and a 200-day moving average of $48.05. The company’s market cap is $6.660 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results 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 last year, the company posted ($0.01) earnings per share. Splunk’s revenue was up 50.3% compared to the same quarter last year.
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 investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Splunk 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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