Splunk SVP Thomas Schodorf Sells 4,000 Shares (SPLK)
Splunk (NASDAQ:SPLK) SVP Thomas Schodorf sold 4,000 shares of the company’s stock on the open market in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $57.40, for a total transaction of $229,600.00. Following the completion of the transaction, the senior vice president now directly owns 223,852 shares in the company, valued at approximately $12,849,105. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Splunk (NASDAQ:SPLK) traded down 0.42% during mid-day trading on Wednesday, hitting $56.68. The stock had a trading volume of 1,435,307 shares. Splunk has a 1-year low of $26.10 and a 1-year high of $63.77. The stock’s 50-day moving average is $57.29 and its 200-day moving average is $48.48. The company’s market cap is $5.997 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results 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. Analysts expect that Splunk will post $-0.01 EPS for the current fiscal year.
SPLK has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Splunk currently has a consensus rating of “Buy” and an average price target of $62.71.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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