Insider Selling: Splunk SVP Unloads 10,000 Shares of Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Guido Schroeder sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $50.00, for a total transaction of $500,000.00. Following the sale, 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 filing with the SEC, which can be accessed through this link.
Splunk (NASDAQ:SPLK) traded down 5.85% on Friday, hitting $44.27. 3,810,428 shares of the company’s stock traded hands. Splunk has a 1-year low of $39.35 and a 1-year high of $106.15. The stock has a 50-day moving average of $49.55 and a 200-day moving average of $63.58. The company’s market cap is $5.249 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly 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.
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, July 17th. 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.63.
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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