Insider Selling: Splunk Inc (NASDAQ:SPLK) SVP Sells 4,624 Shares of Stock

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.

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About Splunk

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

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