Splunk Inc. (NASDAQ:SPLK) SVP Leonard R. Stein sold 1,075 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $60.00, for a total transaction of $64,500.00. Following the completion of the sale, the senior vice president now directly owns 115,262 shares of the company’s stock, valued at approximately $6,915,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Leonard R. Stein also recently made the following trade(s):

  • On Thursday, June 23rd, Leonard R. Stein sold 7,997 shares of Splunk stock. The shares were sold at an average price of $60.00, for a total transaction of $479,820.00.

Shares of Splunk Inc. (NASDAQ:SPLK) traded up 1.44% during trading on Wednesday, reaching $59.21. 949,792 shares of the company’s stock were exchanged. The firm’s market cap is $7.97 billion. Splunk Inc. has a 12 month low of $29.85 and a 12 month high of $66.90. The stock has a 50-day moving average price of $61.14 and a 200 day moving average price of $55.08.

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Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Splunk had a negative return on equity of 38.45% and a negative net margin of 42.84%. The business earned $212.80 million during the quarter, compared to the consensus estimate of $200.52 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 43.5% on a year-over-year basis. On average, analysts forecast that Splunk Inc. will post $0.29 EPS for the current year.

Several large investors have recently added to or reduced their stakes in SPLK. Champlain Investment Partners LLC increased its stake in Splunk by 33.4% in the first quarter. Champlain Investment Partners LLC now owns 926,125 shares of the software company’s stock worth $45,315,000 after buying an additional 231,845 shares during the period. JPMorgan Chase & Co. increased its stake in Splunk by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 3,524,304 shares of the software company’s stock worth $172,444,000 after buying an additional 79,896 shares during the period. BlackRock Group LTD increased its stake in Splunk by 8.8% in the first quarter. BlackRock Group LTD now owns 746,224 shares of the software company’s stock worth $36,514,000 after buying an additional 60,633 shares during the period. BlackRock Inc. increased its stake in Splunk by 17.1% in the first quarter. BlackRock Inc. now owns 96,675 shares of the software company’s stock worth $4,731,000 after buying an additional 14,147 shares during the period. Finally, Ngam Advisors L.P. increased its stake in Splunk by 22.2% in the first quarter. Ngam Advisors L.P. now owns 22,227 shares of the software company’s stock worth $1,088,000 after buying an additional 4,040 shares during the period. 99.57% of the stock is owned by hedge funds and other institutional investors.

SPLK has been the subject of several analyst reports. Barclays PLC boosted their target price on shares of Splunk from $51.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, August 26th. Stifel Nicolaus cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. They noted that the move was a valuation call. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Splunk in a research report on Wednesday, May 25th. Morgan Stanley boosted their target price on shares of Splunk from $58.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. Finally, Drexel Hamilton restated a “buy” rating and issued a $85.00 target price on shares of Splunk in a research report on Wednesday, July 13th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.18.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

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