Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 128,750 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $58.93, for a total transaction of $7,587,237.50. Following the sale, the director now owns 440,426 shares in the company, valued at $25,954,304.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Godfrey Sullivan also recently made the following trade(s):

  • On Monday, August 8th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $61.55, for a total transaction of $2,462,000.00.
  • On Tuesday, August 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $62.20, for a total transaction of $2,488,000.00.
  • On Wednesday, August 10th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $62.01, for a total transaction of $7,441,200.00.
  • On Tuesday, July 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.15, for a total transaction of $2,326,000.00.
  • On Wednesday, July 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.59, for a total transaction of $2,343,600.00.
  • On Monday, July 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $57.47, for a total transaction of $2,298,800.00.

Splunk Inc. (NASDAQ:SPLK) opened at 58.82 on Tuesday. The firm’s market capitalization is $7.91 billion. The firm’s 50-day moving average is $61.27 and its 200-day moving average is $54.96. Splunk Inc. has a 12 month low of $29.85 and a 12 month high of $66.90.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The company earned $212.80 million during the quarter, compared to analyst estimates of $200.52 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 43.5% on a year-over-year basis. On average, equities research analysts expect that Splunk Inc. will post $0.29 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC raised its stake in Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock worth $128,000 after buying an additional 123 shares in the last quarter. Advisor Group Inc. purchased a new stake in Splunk during the second quarter worth approximately $157,000. Seven Eight Capital LLC purchased a new stake in Splunk during the second quarter worth approximately $193,000. Shelton Capital Management purchased a new stake in Splunk during the second quarter worth approximately $206,000. Finally, Pacer Advisors Inc. raised its stake in Splunk by 986.4% in the second quarter. Pacer Advisors Inc. now owns 3,846 shares of the software company’s stock worth $208,000 after buying an additional 3,492 shares in the last quarter. 99.58% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Summit Redstone set a $72.00 target price on shares of Splunk and gave the stock a “buy” rating in a report on Monday. Vetr raised shares of Splunk from a “buy” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research report on Monday, September 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $80.00 price objective on shares of Splunk in a research report on Monday, August 29th. Drexel Hamilton reissued a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Splunk in a research report on Monday, August 29th. Finally, Wedbush reissued an “outperform” rating and issued a $72.00 price objective (up from $70.00) on shares of Splunk in a research report on Sunday, August 28th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $68.42.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

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