Insider Selling: Splunk SVP Unloads 10,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard R. Stein unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $86.68, for a total transaction of $866,800.00. Following the completion of the sale, the senior vice president now directly owns 87,774 shares of the company’s stock, valued at approximately $7,608,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Splunk (NASDAQ:SPLK) traded down 0.47% during mid-day trading on Wednesday, hitting $86.02. The stock had a trading volume of 3,195,773 shares. Splunk has a one year low of $33.78 and a one year high of $87.99. The stock’s 50-day moving average is $77.97 and its 200-day moving average is $65.20. The company’s market cap is $9.227 billion.
A number of research firms have recently commented on SPLK. Analysts at Cantor Fitzgerald raised their price target on shares of Splunk from $90.00 to $110.00 in a research note on Tuesday. Separately, analysts at JMP Securities raised their price target on shares of Splunk from $70.00 to $99.00 in a research note on Tuesday. Finally, 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. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.50.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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