Leonard R. Stein Sells 4,851 Shares of Splunk Inc. (SPLK) Stock
Splunk Inc. (NASDAQ:SPLK) SVP Leonard R. Stein sold 4,851 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $67.79, for a total value of $328,849.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Splunk Inc. (NASDAQ SPLK) opened at 67.38 on Thursday. The stock’s market cap is $9.37 billion. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23. The company has a 50-day moving average price of $62.06 and a 200-day moving average price of $61.75.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The company had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue was up 31.6% compared to the same quarter last year. On average, analysts anticipate that Splunk Inc. will post $0.54 earnings per share for the current year.
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Several analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Splunk in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $80.00 price objective on the stock. ValuEngine upgraded Splunk from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. MKM Partners restated a “neutral” rating and issued a $68.00 price objective (up from $63.00) on shares of Splunk in a research report on Monday, August 28th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $80.00 price objective on shares of Splunk in a research report on Friday, August 25th. Finally, Maxim Group restated a “buy” rating and issued a $85.00 price objective on shares of Splunk in a research report on Friday, August 25th. Twelve research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Splunk has an average rating of “Buy” and a consensus price target of $72.76.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPLK. BlackRock Inc. raised its holdings in Splunk by 5,553.3% during the first quarter. BlackRock Inc. now owns 6,931,967 shares of the software company’s stock valued at $431,791,000 after buying an additional 6,809,349 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Splunk by 2,492.5% in the first quarter. Wellington Management Group LLP now owns 1,350,153 shares of the software company’s stock worth $84,102,000 after purchasing an additional 1,298,074 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Splunk by 40.1% in the second quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock worth $224,259,000 after purchasing an additional 1,128,410 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Splunk by 6,237.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,061,852 shares of the software company’s stock worth $18,665,000 after purchasing an additional 1,045,097 shares during the period. Finally, ETF Managers Group LLC bought a new position in shares of Splunk in the second quarter worth about $39,864,000.
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.
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