Insider Selling: Splunk CMO Unloads 1,042 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) CMO Steven R. Sommer unloaded 1,042 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $82.43, for a total value of $85,892.06. Following the sale, the chief marketing officer now directly owns 150,112 shares in the company, valued at approximately $12,373,732. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Splunk in a research note to investors on Wednesday. They set a “buy” rating and a $95.00 price target on the stock. Separately, 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, January 17th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald set a $90.00 price target on shares of Splunk in a research note to investors on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.86.
Shares of Splunk (NASDAQ:SPLK) traded down 0.51% during mid-day trading on Thursday, hitting $81.82. The stock had a trading volume of 4,217,240 shares. Splunk has a 52-week low of $32.31 and a 52-week high of $83.97. The stock has a 50-day moving average of $72.28 and a 200-day moving average of $61.18. The company’s market cap is $8.777 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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