Insider Selling: Leonard R. Stein Sells 10,000 Shares of Splunk Stock (SPLK)
Splunk (NASDAQ:SPLK) SVP Leonard R. Stein unloaded 10,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $57.38, for a total transaction of $573,800.00. Following the completion of the transaction, the senior vice president now directly owns 94,499 shares of the company’s stock, valued at approximately $5,422,353. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Splunk (NASDAQ:SPLK) traded up 0.23% during mid-day trading on Thursday, hitting $57.10. 3,437,646 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 $45.87 and its 200-day moving average is $57.89. The company’s market cap is $6.796 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.03. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $93.93 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 51.7% on a year-over-year basis. Analysts expect that Splunk will post $0.02 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Splunk in a research note on Thursday. They now have a $63.00 price target on the stock, up previously from $52.00. Separately, analysts at Summit Research reiterated a “buy” rating on shares of Splunk in a research note on Friday, August 29th. They now have a $55.00 price target on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Splunk in a research note on Friday, August 29th. They now have a $52.00 price target on the stock, up previously from $46.00. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $71.78.
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.