Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 10,298 shares of Splunk stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $115.13, for a total transaction of $1,185,608.74. Following the transaction, the insider now directly owns 247,598 shares of the company’s stock, valued at $28,505,957.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of SPLK traded down $0.62 during mid-day trading on Wednesday, hitting $116.13. 1,177,972 shares of the company traded hands, compared to its average volume of 1,770,381. 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 Inc has a 1 year low of $83.69 and a 1 year high of $143.70. The stock 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 released its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $395.92 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. As a group, analysts expect that Splunk Inc will post -0.99 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in shares of Splunk by 0.3% during the third quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock valued at $1,508,569,000 after purchasing an additional 37,885 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Splunk by 5.1% during the first quarter. BlackRock Inc. now owns 8,494,532 shares of the software company’s stock valued at $1,058,421,000 after purchasing an additional 408,840 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Splunk by 2.3% during the first quarter. Clearbridge Investments LLC now owns 4,766,131 shares of the software company’s stock valued at $593,860,000 after purchasing an additional 104,910 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Splunk by 63.6% during the first quarter. Wellington Management Group LLP now owns 3,372,991 shares of the software company’s stock valued at $420,275,000 after purchasing an additional 1,311,025 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Splunk by 28.9% during the first quarter. Pictet Asset Management Ltd. now owns 2,598,685 shares of the software company’s stock valued at $323,796,000 after purchasing an additional 582,919 shares during the last quarter.
A number of brokerages recently issued reports on SPLK. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Piper Jaffray Companies lifted their target price on shares of Splunk to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $162.00 target price (up from $145.00) on shares of Splunk in a report on Friday, March 1st. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Splunk in a report on Friday, March 1st. Finally, Maxim Group lifted their target price on shares of Splunk to $159.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have given a buy rating to the stock. Splunk has a consensus rating of “Buy” and a consensus target price of $144.27.
TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2019/06/12/splunk-inc-nasdaqsplk-insider-sells-1185608-74-in-stock.html.
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.
Featured Story: How to execute a trade ex-dividend strategy?
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.