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Splunk (NASDAQ:SPLK) CEO Godfrey Sullivan unloaded 20,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $76.58, for a total value of $1,531,600.00. Following the transaction, the chief executive officer now directly owns 647,190 shares of the company’s stock, valued at approximately $49,561,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Splunk (NASDAQ:SPLK) traded up 0.50% on Thursday, hitting $77.68. The stock had a trading volume of 1,505,258 shares. Splunk has a 1-year low of $32.75 and a 1-year 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.

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 stock. Splunk has a consensus rating of “Buy” and a consensus target price of $72.77.

Splunk Inc (NASDAQ:SPLK) provides a software platform.

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