Insider Selling: Splunk Director Unloads 5,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Graham Smith sold 5,000 shares of the stock on the open market in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $79.46, for a total transaction of $397,300.00. Following the completion of the sale, the director now directly owns 109,565 shares of the company’s stock, valued at approximately $8,706,035. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Splunk from $72.00 to $90.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald set a $90.00 price target on shares of Splunk in a research note to investors on Thursday, January 16th. Finally, analysts at Atlantic Securities initiated coverage on shares of Splunk in a research note to investors on Monday, January 13th. They set an “overweight” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $70.76.
Shares of Splunk (NASDAQ:SPLK) traded up 2.30% on Tuesday, hitting $81.50. 2,358,908 shares of the company’s stock traded hands. Splunk has a one year low of $32.31 and a one year high of $82.82. The stock has a 50-day moving average of $71.55 and a 200-day moving average of $60.8. The company’s market cap is $8.742 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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