Splunk Inc. (NASDAQ:SPLK) SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $58.20, for a total value of $282,328.20. Following the transaction, the senior vice president now owns 103,909 shares of the company’s stock, valued at $6,047,503.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Splunk Inc. (NASDAQ:SPLK) traded up 0.48% on Tuesday, reaching $58.09. The company had a trading volume of 2,135,486 shares. Splunk Inc. has a 12 month low of $50.60 and a 12 month high of $69.23. The stock has a 50 day moving average of $64.37 and a 200 day moving average of $60.27. The firm’s market capitalization is $8.00 billion.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $233.79 million. Splunk had a negative return on equity of 40.82% and a negative net margin of 35.19%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. On average, analysts anticipate that Splunk Inc. will post $0.52 EPS for the current year.

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

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SPLK has been the subject of a number of research analyst reports. Mitsubishi UFJ Financial Group set a $71.00 target price on Splunk and gave the company a “buy” rating in a report on Saturday, February 25th. Canaccord Genuity restated a “buy” rating and set a $70.00 target price on shares of Splunk in a report on Wednesday, February 22nd. Drexel Hamilton restated a “buy” rating and set a $90.00 target price on shares of Splunk in a report on Tuesday, February 21st. Jefferies Group LLC restated a “buy” rating and set a $81.00 target price on shares of Splunk in a report on Friday, February 24th. Finally, Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Saturday, March 4th. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.93.

Several hedge funds have recently made changes to their positions in the company. TLP Group LLC bought a new stake in shares of Splunk during the first quarter worth $102,000. Patten Group Inc. boosted its stake in shares of Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Splunk by 79.9% in the first quarter. Acrospire Investment Management LLC now owns 2,701 shares of the software company’s stock worth $168,000 after buying an additional 1,200 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Splunk during the first quarter worth $200,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Splunk during the first quarter worth $204,000.

About Splunk

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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