Splunk Director Thomas Neustaetter Sells 1,500 Shares (SPLK)
Splunk (NASDAQ:SPLK) Director Thomas Neustaetter sold 1,500 shares of Splunk stock on the open market in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $56.08, for a total transaction of $84,120.00. Following the completion of the sale, the director now directly owns 94,103 shares in the company, valued at approximately $5,277,296. The sale was disclosed in a document filed with the SEC, which is available at this link.
Splunk (NASDAQ:SPLK) traded up 4.48% on Thursday, hitting $59.22. 1,196,550 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 $57.48 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 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. On average, analysts predict that Splunk will post $-0.01 earnings per share 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $62.71.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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