Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $65.82, for a total value of $2,632,800.00. Following the completion of the sale, the director now owns 645,790 shares of the company’s stock, valued at $42,505,897.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Godfrey Sullivan also recently made the following trade(s):

  • On Tuesday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $64.40, for a total value of $2,576,000.00.
  • On Wednesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $63.53, for a total value of $2,541,200.00.
  • On Monday, September 11th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The stock was sold at an average price of $68.13, for a total value of $3,321,337.50.
  • On Tuesday, September 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $67.80, for a total value of $2,712,000.00.
  • On Wednesday, September 13th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $67.84, for a total value of $8,734,400.00.
  • On Tuesday, August 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.13, for a total value of $2,325,200.00.
  • On Monday, August 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.84, for a total value of $2,353,600.00.
  • On Wednesday, August 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $59.09, for a total value of $7,090,800.00.

Shares of Splunk Inc. (NASDAQ SPLK) traded down 0.52% during trading on Wednesday, hitting $63.48. The stock had a trading volume of 1,559,211 shares. The stock has a 50 day moving average price of $66.42 and a 200-day moving average price of $62.56. Splunk Inc. has a one year low of $50.64 and a one year high of $69.61. The stock’s market capitalization is $8.89 billion.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPLK. BlackRock Inc. boosted its holdings in shares of Splunk by 5,553.3% during the 1st quarter. BlackRock Inc. now owns 6,931,967 shares of the software company’s stock valued at $431,791,000 after acquiring an additional 6,809,349 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Splunk by 2,492.5% during the 1st quarter. Wellington Management Group LLP now owns 1,350,153 shares of the software company’s stock valued at $84,102,000 after acquiring an additional 1,298,074 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Splunk by 40.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock valued at $224,259,000 after acquiring an additional 1,128,410 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Splunk by 6,237.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,061,852 shares of the software company’s stock valued at $18,665,000 after acquiring an additional 1,045,097 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of Splunk during the 2nd quarter valued at $39,864,000.

Several research analysts have commented on the company. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price target on shares of Splunk in a research report on Thursday, July 13th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Splunk in a research report on Monday, July 31st. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of Splunk in a research report on Friday, August 25th. Finally, UBS AG reaffirmed a “buy” rating and issued a $74.00 price target on shares of Splunk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $73.06.

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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