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Splunk (NASDAQ:SPLK) Director Nicholas G. Sturiale sold 4,565 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $45.83, for a total transaction of $209,213.95. Following the transaction, the director now directly owns 4,561 shares of the company’s stock, valued at approximately $209,031. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Splunk (NASDAQ:SPLK) traded up 4.20% on Monday, hitting $49.15. The stock had a trading volume of 3,570,352 shares. Splunk has a 52-week low of $39.35 and a 52-week high of $106.15. The stock has a 50-day moving average of $46.91 and a 200-day moving average of $68.2. The company’s market cap is $5.828 billion. Splunk also saw a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 5,292,588 shares, a drop of 25.6% from the May 15th total of 7,110,892 shares. Approximately 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 5,794,498 shares, the days-to-cover ratio is presently 0.9 days.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data 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.

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 research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.98.

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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