Insider Selling: Thomas E. Schodorf Unloads 6,000 Shares of Splunk Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Thomas E. Schodorf unloaded 6,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $85.24, for a total transaction of $511,440.00. Following the completion of the transaction, the senior vice president now directly owns 267,911 shares in the company, valued at approximately $22,836,734. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Splunk (NASDAQ:SPLK) traded down 0.24% during mid-day trading on Friday, hitting $86.09. 1,029,497 shares of the company’s stock traded hands. Splunk has a 1-year low of $33.78 and a 1-year high of $87.45. The stock has a 50-day moving average of $76.68 and a 200-day moving average of $64.48. The company’s market cap is $9.235 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 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 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 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. The company has an average rating of “Buy” and an average target price of $72.77.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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