Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $64.40, for a total transaction of $2,576,000.00. Following the sale, the director now directly owns 645,790 shares of the company’s stock, valued at approximately $41,588,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, October 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $65.82, for a total transaction of $2,632,800.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $7,090,800.00.

Splunk Inc. (NASDAQ:SPLK) traded down 0.52% on Wednesday, reaching $63.48. The company had a trading volume of 1,559,211 shares. Splunk Inc. has a 12 month low of $50.64 and a 12 month high of $69.61. The company’s 50 day moving average price is $66.42 and its 200-day moving average price is $62.56. The company’s market capitalization is $8.89 billion.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. On average, equities analysts predict that Splunk Inc. will post $0.54 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of Splunk from an “overweight” rating to an “equal weight” rating and set a $77.00 price target for the company. in a research report on Monday, October 2nd. Cowen and Company reissued a “buy” rating and set a $72.00 price target on shares of Splunk in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Splunk from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Wednesday, October 4th. Guggenheim restated a “buy” rating and set a $70.00 price objective on shares of Splunk in a research note on Saturday, August 19th. Finally, BMO Capital Markets restated a “buy” rating and set a $71.00 price objective on shares of Splunk in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Splunk has an average rating of “Buy” and a consensus price target of $73.06.

Several institutional investors and hedge funds have recently modified their holdings of the company. Patten Group Inc. increased its holdings in Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after purchasing an additional 75 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after purchasing an additional 656 shares during the last quarter. IFP Advisors Inc increased its holdings in Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after purchasing an additional 204 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in Splunk in the first quarter valued at about $230,000. Finally, Diversified Trust Co increased its holdings in Splunk by 11.7% in the second quarter. Diversified Trust Co now owns 3,806 shares of the software company’s stock valued at $217,000 after purchasing an additional 400 shares during the last quarter.

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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