Splunk Director Sells $96,240 in Stock (SPLK)
Splunk (NASDAQ:SPLK) Director Thomas M. Neustaetter sold 1,500 shares of Splunk stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $64.16, for a total value of $96,240.00. Following the sale, the director now directly owns 53,603 shares in the company, valued at approximately $3,439,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SPLK shares. Analysts at Credit Agricole upgraded shares of Splunk from an “outperform” rating to a “buy” rating in a research note on Thursday. They now have a $80.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of Splunk in a research note on Monday, March 31st. They set an “outperform” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $88.20.
Shares of Splunk (NASDAQ:SPLK) traded up 1.65% on Friday, hitting $65.84. The stock had a trading volume of 3,857,620 shares. Splunk has a one year low of $40.03 and a one year high of $106.15. The stock has a 50-day moving average of $77.73 and a 200-day moving average of $72.10. The company’s market cap is $7.763 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.02. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $90.36 million. During the same quarter last year, the company posted $0.03 earnings per share. Splunk’s revenue was up 53.2% compared to the same quarter last year.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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