Splunk SVP Leonard R. Stein Unloads 10,000 Shares (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard R. Stein sold 10,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $90.10, for a total value of $901,000.00. Following the completion of the sale, the senior vice president now directly owns 87,774 shares of the company’s stock, valued at approximately $7,908,437. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Splunk (NASDAQ:SPLK) traded up 2.82% on Tuesday, hitting $93.31. The stock had a trading volume of 2,494,977 shares. Splunk has a 52 week low of $35.10 and a 52 week high of $95.02. The stock has a 50-day moving average of $80.04 and a 200-day moving average of $66.42. The company’s market cap is $10.009 billion.
A number of analysts have recently weighed in on SPLK shares. Analysts at UBS AG raised their price target on shares of Splunk from $80.00 to $100.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Splunk in a research note on Thursday, February 20th. They now have a $90.00 price target on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Splunk from $90.00 to $110.00 in a research note on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.13.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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