Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $58.35, for a total transaction of $2,334,000.00. Following the sale, the director now owns 789,540 shares in the company, valued at $46,069,659. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, July 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $57.69, for a total transaction of $2,307,600.00.
  • On Wednesday, July 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $60.27, for a total transaction of $2,410,800.00.
  • On Monday, June 12th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The stock was sold at an average price of $56.94, for a total transaction of $2,775,825.00.
  • On Tuesday, June 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.20, for a total transaction of $2,328,000.00.
  • On Wednesday, June 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $57.58, for a total transaction of $7,413,425.00.
  • On Wednesday, June 7th, Godfrey Sullivan sold 4,236 shares of Splunk stock. The stock was sold at an average price of $61.77, for a total transaction of $261,657.72.

Shares of Splunk Inc. (NASDAQ SPLK) opened at 59.84 on Monday. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The firm’s market capitalization is $8.28 billion. The stock has a 50 day moving average of $61.66 and a 200-day moving average of $60.34.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The business had revenue of $242.40 million during the quarter, compared to analysts’ expectations of $233.79 million. During the same period last year, the business earned ($0.02) earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. Equities analysts anticipate that Splunk Inc. will post $0.52 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in SPLK. Mn Services Vermogensbeheer B.V. boosted its position in Splunk by 513.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,994 shares of the software company’s stock valued at $1,251,000 after buying an additional 18,406 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Splunk by 0.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock valued at $1,709,000 after buying an additional 175 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Splunk during the second quarter valued at $688,000. Xact Kapitalforvaltning AB boosted its position in Splunk by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock valued at $1,038,000 after buying an additional 62 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Splunk by 19.2% in the first quarter. Clearbridge Investments LLC now owns 249,605 shares of the software company’s stock valued at $15,548,000 after buying an additional 40,229 shares in the last quarter.

A number of analysts have commented on SPLK shares. BTIG Research started coverage on shares of Splunk in a research report on Monday, April 17th. They set a “buy” rating and a $80.00 price target on the stock. Guggenheim upgraded shares of Splunk from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $70.00 in a research report on Thursday, June 22nd. Citigroup Inc. boosted their price target on shares of Splunk from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Wedbush downgraded shares of Splunk from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $72.00 to $63.00 in a research report on Thursday, June 15th. Eleven equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $71.26.

Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

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