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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 22nd. The shares were sold at an average price of $82.54, for a total transaction of $1,650,800.00. Following the sale, the chief executive officer now directly owns 667,190 shares of the company’s stock, valued at approximately $55,069,863. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Splunk presently has a consensus rating of “Buy” and a consensus price target of $71.86.

Splunk (NASDAQ:SPLK) traded down 0.51% on Thursday, hitting $81.82. The stock had a trading volume of 4,217,240 shares. Splunk has a 1-year low of $32.31 and a 1-year 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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