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Splunk (NASDAQ:SPLK) SVP Leonard R. Stein unloaded 1,318 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $44.40, for a total transaction of $58,519.20. Following the sale, the senior vice president now directly owns 83,956 shares of the company’s stock, valued at approximately $3,727,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on SPLK shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Splunk in a research note on Monday, June 2nd. They set a “neutral” rating and a $46.00 price target on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Splunk from $95.00 to $77.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Splunk from $110.00 to $74.00 in a research note on Friday, May 30th. They now have a “positive” rating on the stock. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.98.

Splunk (NASDAQ:SPLK) traded up 2.10% on Thursday, hitting $45.75. 3,438,418 shares of the company’s stock traded hands. Splunk has a 52-week low of $39.35 and a 52-week high of $106.15. The stock’s 50-day moving average is $47.44 and its 200-day moving average is $68.66. The company’s market cap is $5.366 billion. Splunk also was the target of a significant decline in short interest in the month of May. As of May 30th, there was short interest totalling 5,292,588 shares, a decline of 25.6% from the May 15th total of 7,110,892 shares. Currently, 4.6% of the company’s shares are short sold. Based on an average daily trading volume, of 5,794,498 shares, the short-interest ratio is currently 0.9 days.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 50.2% on a year-over-year basis.

Splunk Inc provides software products. The Company’s products enable users to collect, index, and search, explore, monitor and analyze data regardless of format or source.

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