Insider Selling: Splunk SVP Unloads 6,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Thomas E. Schodorf unloaded 6,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $75.33, for a total transaction of $451,980.00. Following the transaction, the senior vice president now directly owns 275,911 shares of the company’s stock, valued at approximately $20,784,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SPLK shares. 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 equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Splunk currently has an average rating of “Buy” and a consensus target price of $72.77.
Splunk (NASDAQ:SPLK) traded up 1.51% during mid-day trading on Wednesday, hitting $77.29. The stock had a trading volume of 2,017,415 shares. Splunk has a 52-week low of $32.75 and a 52-week high of $83.97. The stock’s 50-day moving average is $74.19 and its 200-day moving average is $62.96. The company’s market cap is $8.291 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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