Insider Selling: Splunk SVP Sells 10,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard R. Stein unloaded 10,000 shares of Splunk stock on the open market in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $81.49, for a total transaction of $814,900.00. Following the completion of the sale, the senior vice president now directly owns 87,774 shares in the company, valued at approximately $7,152,703. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SPLK has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.86.
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’s 50-day moving average is $72.28 and its 200-day moving average is $61.18. The company’s market cap is $8.777 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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