Splunk Inc (NASDAQ:SPLK) SVP Leonard R. Stein sold 4,851 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total transaction of $390,699.54. Following the transaction, the senior vice president now directly owns 89,157 shares in the company, valued at $7,180,704.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Splunk Inc (NASDAQ SPLK) traded down $1.22 on Tuesday, hitting $80.17. 1,969,878 shares of the stock were exchanged, compared to its average volume of 1,658,038. Splunk Inc has a 1 year low of $50.64 and a 1 year high of $84.88.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. The firm had revenue of $328.65 million during the quarter, compared to analyst estimates of $309.01 million. research analysts predict that Splunk Inc will post -1.3 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of 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 reissued an “outperform” rating and set a $90.00 price target (up from $76.00) on shares of Splunk in a research report on Friday, November 17th. Needham & Company LLC initiated coverage on shares of Splunk in a research report on Monday, October 23rd. They set a “buy” rating and a $95.00 price target on the stock. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Splunk in a research report on Thursday, November 16th. Finally, BMO Capital Markets lifted their price objective on shares of Splunk from $71.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have issued a buy rating to the company. Splunk currently has a consensus rating of “Buy” and a consensus target price of $82.74.

A number of large investors have recently bought and sold shares of the stock. Aperio Group LLC raised its holdings in Splunk by 1.3% during the 2nd quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock valued at $740,000 after buying an additional 164 shares during the last quarter. Prudential Financial Inc. increased its position in Splunk by 2.9% during the 2nd quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock valued at $406,000 after purchasing an additional 200 shares during the period. IFP Advisors Inc increased its position in Splunk by 6.2% during the 2nd 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 period. World Asset Management Inc increased its position in Splunk by 4.5% during the 2nd quarter. World Asset Management Inc now owns 6,263 shares of the software company’s stock valued at $356,000 after purchasing an additional 269 shares during the period. Finally, Salem Investment Counselors Inc. increased its position in Splunk by 5.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 6,465 shares of the software company’s stock valued at $368,000 after purchasing an additional 320 shares during the period.

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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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