Splunk Inc Hits New 52-Week High at $76.99 (SPLK)
Shares of Splunk (NASDAQ:SPLK) hit a new 52-week high during trading hours on Tuesday, American Banking & Market News reports. The company traded as high as $76.99 and last traded at $74.59, with a volume of 1,908,744 shares trading hands. The stock had previously closed at $70.78.
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 equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Splunk currently has an average rating of “Buy” and an average target price of $68.95.
In other Splunk news, SVP Guido Schroeder sold 8,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $71.38, for a total value of $571,040.00. Following the completion of the transaction, the senior vice president now directly owns 114,782 shares of the company’s stock, valued at approximately $8,193,139. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Splunk has a 52-week low of $28.25 and a 52-week high of $74.97. The stock has a 50-day moving average of $69.05 and a 200-day moving average of $58.69. The company’s market cap is $8.087 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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