Splunk Director Thomas Neustaetter Sells 1,500 Shares (SPLK)
Splunk (NASDAQ:SPLK) Director Thomas Neustaetter sold 1,500 shares of the company’s stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $58.92, for a total transaction of $88,380.00. Following the transaction, the director now directly owns 92,603 shares in the company, valued at approximately $5,456,169. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Splunk (NASDAQ:SPLK) traded down 1.18% during mid-day trading on Friday, hitting $61.882. 1,131,785 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 $58.79 and its 200-day moving average is $49.16. The company’s market cap is $6.547 billion.
Splunk (NASDAQ:SPLK) last released its earnings data 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. On average, analysts predict that Splunk will post $-0.01 earnings per share for the current fiscal year.
A number of research firms have recently commented on SPLK. 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, October 8th. Separately, analysts at William Blair initiated coverage on shares of Splunk in a research note to investors on Tuesday, October 8th. 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, October 8th. They now have an “overweight” rating on the stock. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s 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.
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