Splunk Inc. (NASDAQ:SPLK) SVP Leonard R. Stein sold 1,075 shares of Splunk stock in a transaction on Monday, September 19th. The shares were sold at an average price of $60.00, for a total transaction of $64,500.00. Following the completion of the transaction, the senior vice president now directly owns 115,262 shares in the company, valued at $6,915,720. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Leonard R. Stein also recently made the following trade(s):

  • On Thursday, June 23rd, Leonard R. Stein sold 7,997 shares of Splunk stock. The shares were sold at an average price of $60.00, for a total transaction of $479,820.00.

Splunk Inc. (NASDAQ:SPLK) opened at 59.21 on Thursday. The stock’s 50 day moving average price is $61.14 and its 200-day moving average price is $55.08. Splunk Inc. has a one year low of $29.85 and a one year high of $66.90. The firm’s market capitalization is $7.97 billion.

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

A number of equities analysts have recently commented on SPLK shares. Wedbush reaffirmed an “outperform” rating and issued a $70.00 target price (up from $60.00) on shares of Splunk in a report on Friday, August 19th. Maxim Group boosted their price objective on shares of Splunk from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. 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 note on Monday, September 12th. Drexel Hamilton reissued a “buy” rating and issued a $85.00 price objective on shares of Splunk in a research note on Tuesday, August 23rd. Finally, Summit Redstone set a $72.00 price objective on shares of Splunk and gave the company a “buy” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Splunk currently has an average rating of “Buy” and an average price target of $68.15.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pioneer Investment Management Inc. acquired a new position in shares of Splunk during the fourth quarter valued at approximately $4,715,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Splunk by 14.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,363 shares of the software company’s stock worth $1,975,000 after buying an additional 4,951 shares in the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in Splunk during the first quarter worth about $253,000. Fisher Asset Management LLC boosted its stake in Splunk by 11.9% in the first quarter. Fisher Asset Management LLC now owns 22,648 shares of the software company’s stock worth $1,129,000 after buying an additional 2,405 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Splunk during the first quarter worth about $435,000. 99.57% of the stock is currently owned by institutional investors.

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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