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Splunk (NASDAQ:SPLK) CEO Godfrey Sullivan sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $75.46, for a total value of $1,509,200.00. Following the sale, the chief executive officer now directly owns 687,190 shares in the company, valued at approximately $51,855,357. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on SPLK shares. 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $68.95.

Splunk Inc (NASDAQ:SPLK) provides a software platform.

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