Splunk Inc (NASDAQ:SPLK) CEO Douglas Merritt sold 13,342 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $115.21, for a total value of $1,537,131.82. Following the sale, the chief executive officer now directly owns 296,211 shares in the company, valued at $34,126,469.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Douglas Merritt also recently made the following trade(s):
- On Friday, April 5th, Douglas Merritt sold 12,715 shares of Splunk stock. The stock was sold at an average price of $126.76, for a total value of $1,611,753.40.
Shares of SPLK stock traded down $0.62 on Wednesday, reaching $116.13. 1,177,972 shares of the company’s stock traded hands, compared to its average volume of 1,770,381. Splunk Inc has a 12-month low of $83.69 and a 12-month high of $143.70. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of -73.04 and a beta of 2.14.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results 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 net margin of 16.31% and a negative return on equity of 14.98%. The business had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $395.92 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. On average, sell-side analysts predict that Splunk Inc will post -0.99 EPS for the current year.
Hedge funds have recently modified their holdings of the company. Lee Capital Asset Management LLC purchased a new position in Splunk in the first quarter valued at about $1,246,000. Canton Hathaway LLC purchased a new position in Splunk in the fourth quarter valued at about $315,000. Salem Investment Counselors Inc. grew its stake in Splunk by 32.6% in the fourth quarter. Salem Investment Counselors Inc. now owns 14,690 shares of the software company’s stock valued at $1,540,000 after purchasing an additional 3,615 shares in the last quarter. TD Asset Management Inc. grew its stake in Splunk by 15.2% in the first quarter. TD Asset Management Inc. now owns 370,749 shares of the software company’s stock valued at $46,195,000 after purchasing an additional 48,936 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Splunk by 244.4% in the fourth quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock valued at $45,000 after purchasing an additional 303 shares in the last quarter.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Splunk from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Piper Jaffray Companies boosted their target price on Splunk to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 27th. Argus boosted their target price on Splunk to $156.00 and gave the stock a “buy” rating in a research report on Friday, March 8th. BMO Capital Markets boosted their target price on Splunk from $132.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. Finally, ValuEngine lowered Splunk from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $144.27.
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Splunk Company Profile
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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