Insider Selling: Nicholas Sturiale Sells 6,250 Shares of Splunk Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Nicholas Sturiale unloaded 6,250 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $61.23, for a total transaction of $382,687.50. Following the transaction, the director now directly owns 4,565 shares of the company’s stock, valued at approximately $279,515. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SPLK shares. Analysts at Credit Agricole raised their price target on shares of Splunk from $56.00 to $65.00 in a research note to investors on Tuesday. Separately, analysts at William Blair initiated coverage on shares of Splunk in a research note to investors on Tuesday. They set a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. set a $72.00 price target on shares of Splunk in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.71.
Splunk (NASDAQ:SPLK) traded down 5.20% on Tuesday, hitting $56.92. 3,195,044 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 $57.09 and its 200-day moving average is $48.35. The company’s market cap is $6.022 billion.
Splunk (NASDAQ:SPLK) last announced its 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. 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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