Splunk SVP Unloads $447,960 in Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Thomas E. Schodorf sold 6,000 shares of Splunk stock on the open market in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $74.66, for a total transaction of $447,960.00. Following the sale, the senior vice president now directly owns 277,911 shares of the company’s stock, valued at approximately $20,748,835. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Splunk (NASDAQ:SPLK) traded up 6.01% on Thursday, hitting $77.42. The stock had a trading volume of 2,639,441 shares. Splunk has a 1-year low of $32.50 and a 1-year high of $83.97. The stock has a 50-day moving average of $72.92 and a 200-day moving average of $62.01. The company’s market cap is $8.305 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.77.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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