Splunk Inc. (NASDAQ:SPLK) Director Thomas M. Neustaetter sold 3,614 shares of Splunk stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $67.70, for a total transaction of $244,667.80. Following the completion of the transaction, the director now owns 12,871 shares of the company’s stock, valued at approximately $871,366.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Splunk Inc. (NASDAQ SPLK) traded up 1.52% during midday trading on Friday, hitting $69.53. 1,607,786 shares of the stock were exchanged. The firm’s market cap is $9.73 billion. Splunk Inc. has a 52-week low of $50.64 and a 52-week high of $69.61. The firm’s 50-day moving average is $63.07 and its 200 day moving average is $61.94.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The business had revenue of $279.96 million during the quarter, compared to analyst estimates of $268.72 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 31.6% on a year-over-year basis. On average, analysts forecast that Splunk Inc. will post $0.54 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in SPLK. ProShare Advisors LLC purchased a new stake in Splunk during the 1st quarter valued at approximately $200,000. Canada Pension Plan Investment Board purchased a new position in shares of Splunk in the first quarter valued at $791,000. Suntrust Banks Inc. purchased a new position in shares of Splunk in the first quarter valued at $217,000. Comerica Bank grew its holdings in shares of Splunk by 6.4% in the first quarter. Comerica Bank now owns 6,679 shares of the software company’s stock valued at $431,000 after purchasing an additional 402 shares in the last quarter. Finally, World Asset Management Inc grew its holdings in shares of Splunk by 28.4% in the first quarter. World Asset Management Inc now owns 5,994 shares of the software company’s stock valued at $373,000 after purchasing an additional 1,325 shares in the last quarter.

Several equities analysts have recently weighed in on the stock. Guggenheim reiterated a “buy” rating and issued a $70.00 target price on shares of Splunk in a research note on Saturday, August 19th. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 target price on shares of Splunk in a research note on Monday. Zacks Investment Research upgraded shares of Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Mizuho reiterated a “neutral” rating and issued a $60.00 target price on shares of Splunk in a research note on Tuesday, August 15th. Finally, Cowen and Company reiterated a “buy” rating on shares of Splunk in a research note on Friday, August 18th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $72.78.

Splunk Company Profile

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.

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

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