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Splunk (NASDAQ:SPLK) SVP Guido Schroeder unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $50.03, for a total transaction of $500,300.00. Following the sale, the senior vice president now directly owns 113,430 shares of the company’s stock, valued at approximately $5,674,903. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Splunk (NASDAQ:SPLK) traded down 16.35% during mid-day trading on Friday, hitting $41.86. 19,324,936 shares of the company’s stock traded hands. Splunk has a 52-week low of $41.05 and a 52-week high of $106.15. The stock’s 50-day moving average is $52.29 and its 200-day moving average is $69.99. The company’s market cap is $4.935 billion. Splunk also was the target of unusually large options trading activity on Wednesday. Stock traders purchased 5,005 put options on the stock. This is an increase of 196% compared to the typical volume of 1,690 put options.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, May 29th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $80.74 million. During the same quarter last year, the company posted ($0.06) earnings per share. Splunk’s revenue was up 50.2% compared to the same quarter last year.

Several analysts have recently commented on the stock. Analysts at Oppenheimer cut their price target on shares of Splunk from $95.00 to $77.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Splunk from $110.00 to $74.00 in a research note on Friday. They now have a “positive” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Splunk in a research note on Friday. They now have a $85.00 price target on the stock, down previously from $105.00. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $75.10.

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

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