Splunk Inc (NASDAQ:SPLK) SVP Timothy Tully sold 4,624 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.59, for a total value of $534,488.16. Following the completion of the sale, the senior vice president now directly owns 117,261 shares in the company, valued at $13,554,198.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Timothy Tully also recently made the following trade(s):
- On Friday, April 5th, Timothy Tully sold 6,655 shares of Splunk stock. The stock was sold at an average price of $128.06, for a total value of $852,239.30.
NASDAQ SPLK traded down $0.62 during mid-day trading on Wednesday, reaching $116.13. The stock had a trading volume of 1,177,972 shares, compared to its average volume of 1,770,381. Splunk Inc has a 1 year low of $83.69 and a 1 year high of $143.70. The firm has a market cap of $17.26 billion, a P/E ratio of -73.04 and a beta of 2.14. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.29.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.08). Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The firm had revenue of $424.90 million during the quarter, compared to analysts’ expectations of $395.92 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Splunk’s revenue was up 36.4% on a year-over-year basis. As a group, equities analysts expect that Splunk Inc will post -0.99 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meridian Wealth Management LLC bought a new stake in Splunk in the 1st quarter worth approximately $47,000. Clearbridge Investments LLC grew its position in Splunk by 2.3% in the 1st quarter. Clearbridge Investments LLC now owns 4,766,131 shares of the software company’s stock worth $593,860,000 after purchasing an additional 104,910 shares during the period. Ocean Capital Management LLC grew its position in Splunk by 2.8% in the 1st quarter. Ocean Capital Management LLC now owns 16,501 shares of the software company’s stock worth $2,056,000 after purchasing an additional 456 shares during the period. Cerebellum GP LLC bought a new stake in Splunk in the 1st quarter worth approximately $310,000. Finally, Nordea Investment Management AB grew its position in Splunk by 54.6% in the 1st quarter. Nordea Investment Management AB now owns 286,102 shares of the software company’s stock worth $35,648,000 after purchasing an additional 101,083 shares during the period.
SPLK has been the subject of several research analyst reports. BidaskClub lowered shares of Splunk from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Morgan Stanley set a $121.00 price objective on shares of Splunk and gave the stock a “hold” rating in a report on Friday, March 1st. Citigroup raised their price objective on shares of Splunk from $98.00 to $112.00 and gave the stock a “sell” rating in a report on Friday, March 1st. Argus raised their price objective on shares of Splunk to $156.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Splunk in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company. Splunk has an average rating of “Buy” and a consensus target price of $144.27.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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