Insider Selling: Splunk SVP Unloads 10,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard R. Stein sold 10,000 shares of Splunk stock on the open market in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $75.00, for a total value of $750,000.00. Following the completion of the sale, the senior vice president now directly owns 87,774 shares of the company’s stock, valued at approximately $6,583,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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, January 27th. 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $72.77.
Shares of Splunk (NASDAQ:SPLK) traded up 2.68% on Tuesday, hitting $76.14. 1,080,991 shares of the company’s stock traded hands. Splunk has a 52 week low of $32.75 and a 52 week high of $83.97. The stock has a 50-day moving average of $73.95 and a 200-day moving average of $62.86. The company’s market cap is $8.167 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.