Splunk Director Nicholas Sturiale Sells 6,250 Shares (SPLK)
Splunk (NASDAQ:SPLK) Director Nicholas Sturiale sold 6,250 shares of the stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $71.10, for a total value of $444,375.00. Following the sale, the director now directly owns 4,565 shares in the company, valued at approximately $324,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Splunk (NASDAQ:SPLK) traded up 6.51% on Tuesday, hitting $75.39. The stock had a trading volume of 2,622,538 shares. Splunk has a 1-year low of $28.25 and a 1-year high of $74.97. The stock’s 50-day moving average is $69.05 and its 200-day moving average is $58.69. The company’s market cap is $8.087 billion.
A number of research firms have recently commented on SPLK. Analysts at UBS AG upgraded shares of Splunk from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Oppenheimer initiated coverage on shares of Splunk in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $80.00 price target on the stock. Finally, analysts at FBN Securities raised their price target on shares of Splunk from $65.00 to $75.00 in a research note to investors on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.95.
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.