Insider Selling: Thomas Neustaetter Sells 1,500 Shares of Splunk Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Thomas Neustaetter unloaded 1,500 shares of the company’s stock on the open market in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $75.47, for a total value of $113,205.00. Following the transaction, the director now directly owns 74,603 shares of the company’s stock, valued at approximately $5,630,288. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barclays downgraded shares of Splunk from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday. They now have a $72.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG upgraded shares of Splunk from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.95.
Shares of Splunk (NASDAQ:SPLK) traded up 0.88% on Friday, hitting $75.24. The stock had a trading volume of 1,118,284 shares. Splunk has a 52-week low of $29.44 and a 52-week high of $76.99. The stock has a 50-day moving average of $70.16 and a 200-day moving average of $59.14. The company’s market cap is $8.071 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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