Splunk CEO Unloads $561,400 in Stock (SPLK)
Splunk (NASDAQ:SPLK) CEO Godfrey Sullivan sold 10,000 shares of Splunk stock on the open market in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $56.14, for a total value of $561,400.00. Following the completion of the sale, the chief executive officer now directly owns 169,190 shares of the company’s stock, valued at approximately $9,498,327. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Splunk (NASDAQ:SPLK) traded up 4.48% during mid-day trading on Thursday, hitting $59.22. The stock had a trading volume of 1,196,550 shares. 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 $57.48 and its 200-day moving average is $48.54. The company’s market cap is $6.265 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.71.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.