Insider Selling: Splunk Director Sells 6,250 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Nicholas G. Sturiale sold 6,250 shares of the stock on the open market in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $77.60, for a total value of $485,000.00. Following the completion of the sale, the director now directly owns 4,565 shares in the company, valued at approximately $354,244. The transaction was disclosed in a document filed 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.77.
Shares of Splunk (NASDAQ:SPLK) traded up 0.50% on Thursday, hitting $77.68. 1,505,258 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’s 50-day moving average is $74.46 and its 200-day moving average is $63.07. The company’s market cap is $8.333 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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