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Splunk (NASDAQ:SPLK) Director Graham Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the director now directly owns 99,126 shares in the company, valued at approximately $4,559,796. The sale was disclosed in a 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 BMO Capital Markets initiated coverage on shares of Splunk in a research note on Thursday. They set a “market perform” rating and a $51.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Splunk from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 9th. They now have a $46.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and an average target price of $72.63.

Shares of Splunk (NASDAQ:SPLK) traded down 0.73% during mid-day trading on Monday, hitting $46.09. The stock had a trading volume of 1,323,105 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 $48.27 and a 200-day moving average of $65.15. The company’s market cap is $5.465 billion.

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