Insider Selling: Splunk CFO Unloads 22,918 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) CFO David Conte sold 22,918 shares of the stock on the open market in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $57.21, for a total transaction of $1,311,138.78. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $2,288,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Splunk has an average rating of “Buy” and a consensus price target of $62.71.
Shares of Splunk (NASDAQ:SPLK) traded down 0.42% during mid-day trading on Wednesday, hitting $56.68. 1,435,307 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 has a 50-day moving average of $57.29 and a 200-day moving average of $48.48. The company’s market cap is $5.997 billion.
Splunk (NASDAQ:SPLK) last released its earnings data 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. On average, analysts predict that Splunk will post $-0.01 earnings per share for the current fiscal year.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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