Splunk Inc (NASDAQ:SPLK) General Counsel Scott Morgan sold 1,328 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $115.23, for a total transaction of $153,025.44. Following the completion of the sale, the general counsel now owns 60,768 shares of the company’s stock, valued at approximately $7,002,296.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:SPLK traded down $0.62 during mid-day trading on Wednesday, reaching $116.13. 1,177,972 shares of the company were exchanged, compared to its average volume of 1,770,381. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market capitalization of $17.26 billion, a P/E ratio of -73.04 and a beta of 2.14. Splunk Inc has a 1 year low of $83.69 and a 1 year high of $143.70.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.08). The company had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $395.92 million. Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Research analysts forecast that Splunk Inc will post -0.99 earnings per share for the current fiscal year.
SPLK has been the subject of a number of recent research reports. BidaskClub downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Raymond James increased their price objective on shares of Splunk from $122.00 to $157.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Wedbush increased their price objective on shares of Splunk from $146.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Zacks Investment Research cut shares of Splunk from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Maxim Group increased their price target on shares of Splunk to $159.00 and gave the company a “buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $144.27.
Large investors have recently bought and sold shares of the stock. Lee Capital Asset Management LLC purchased a new position in shares of Splunk during the 1st quarter worth approximately $1,246,000. Canton Hathaway LLC purchased a new position in shares of Splunk during the 4th quarter worth approximately $315,000. Salem Investment Counselors Inc. boosted its position in shares of Splunk by 32.6% during the 4th quarter. Salem Investment Counselors Inc. now owns 14,690 shares of the software company’s stock worth $1,540,000 after purchasing an additional 3,615 shares during the period. TD Asset Management Inc. boosted its position in shares of Splunk by 15.2% during the 1st quarter. TD Asset Management Inc. now owns 370,749 shares of the software company’s stock worth $46,195,000 after purchasing an additional 48,936 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Splunk by 244.4% during the 4th quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock worth $45,000 after purchasing an additional 303 shares during the period.
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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