Splunk SVP Sells $500,000 in Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Guido Schroeder unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $50.00, for a total value of $500,000.00. Following the transaction, the senior vice president now directly owns 112,112 shares of the company’s stock, valued at approximately $5,605,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Splunk has a consensus rating of “Buy” and an average target price of $72.98.
Splunk (NASDAQ:SPLK) traded down 1.17% during mid-day trading on Friday, hitting $50.70. The stock had a trading volume of 3,838,444 shares. 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 $46.44 and its 200-day moving average is $67.70. The company’s market cap is $6.011 billion. Splunk also saw a significant decline in short interest during 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. Based on an average daily trading volume, of 5,794,498 shares, the short-interest ratio is presently 0.9 days. Currently, 4.6% of the shares of the company are sold short.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter 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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