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Splunk (NASDAQ:SPLK) CFO David Conte unloaded 22,918 shares of Splunk stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $75.46, for a total transaction of $1,729,392.28. Following the completion of the sale, the chief financial officer now directly owns 110,000 shares of the company’s stock, valued at approximately $8,300,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $68.95.

Splunk (NASDAQ:SPLK) traded up 0.88% during mid-day trading on Friday, hitting $75.24. 1,118,284 shares of the company’s stock traded hands. Splunk has a one year low of $29.44 and a one year high of $76.99. The stock’s 50-day moving average is $70.16 and its 200-day moving average is $59.14. The company’s market cap is $8.071 billion.

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

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