Splunk SVP Leonard R. Stein Sells 10,000 Shares (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard R. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $74.51, for a total transaction of $745,100.00. Following the completion of the transaction, the senior vice president now directly owns 87,774 shares in the company, valued at approximately $6,540,041. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Splunk (NASDAQ:SPLK) traded up 1.76% during mid-day trading on Tuesday, hitting $75.27. The stock had a trading volume of 1,588,293 shares. Splunk has a 1-year low of $32.31 and a 1-year high of $83.97. The stock’s 50-day moving average is $72.78 and its 200-day moving average is $61.93. The company’s market cap is $8.074 billion.
A number of research firms have recently commented on SPLK. Analysts at FBR Capital Markets raised their price target on shares of Splunk from $80.00 to $100.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Splunk in a research note to investors on Wednesday, January 22nd. They set a “buy” rating and a $95.00 price target on the stock. Finally, 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. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Splunk currently has a consensus rating of “Buy” and an average price target of $72.77.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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