Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 128,750 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $67.84, for a total transaction of $8,734,400.00. Following the completion of the transaction, the director now owns 699,540 shares in the company, valued at $47,456,793.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, September 11th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The shares were sold at an average price of $68.13, for a total transaction of $3,321,337.50.
  • On Tuesday, September 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $67.80, for a total transaction of $2,712,000.00.
  • On Tuesday, August 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.13, for a total transaction of $2,325,200.00.
  • On Monday, August 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.84, for a total transaction of $2,353,600.00.
  • On Wednesday, August 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The shares were sold at an average price of $59.09, for a total transaction of $7,090,800.00.
  • On Monday, July 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $57.69, for a total transaction of $2,307,600.00.
  • On Tuesday, July 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.35, for a total transaction of $2,334,000.00.
  • On Wednesday, July 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $60.27, for a total transaction of $2,410,800.00.

Splunk Inc. (NASDAQ:SPLK) traded up 0.25% during mid-day trading on Thursday, hitting $67.55. 194,853 shares of the stock traded hands. The firm’s market cap is $9.39 billion. The stock has a 50-day moving average of $62.06 and a 200 day moving average of $61.75. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $69.23.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $279.96 million during the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The company’s quarterly revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, equities analysts expect that Splunk Inc. will post $0.54 EPS for the current year.

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Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen and Company reiterated a “buy” rating on shares of Splunk in a report on Friday, August 18th. MKM Partners restated a “neutral” rating and issued a $63.00 price objective (up from $60.00) on shares of Splunk in a report on Tuesday, May 30th. Stifel Nicolaus restated a “hold” rating and issued a $61.00 price objective on shares of Splunk in a report on Sunday, May 28th. Finally, Guggenheim upgraded shares of Splunk from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $69.00 to $70.00 in a report on Thursday, June 22nd. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.76.

Several institutional investors have recently added to or reduced their stakes in SPLK. Perigon Wealth Management LLC lifted its holdings in Splunk by 302.7% in the second quarter. Perigon Wealth Management LLC now owns 28,332 shares of the software company’s stock worth $1,612,000 after purchasing an additional 21,297 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Splunk by 7.5% in the second quarter. Public Employees Retirement System of Ohio now owns 49,910 shares of the software company’s stock worth $2,839,000 after purchasing an additional 3,483 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Splunk by 39.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 32,533 shares of the software company’s stock worth $1,851,000 after purchasing an additional 9,165 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Splunk by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock worth $282,000 after purchasing an additional 389 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after purchasing an additional 656 shares during the period.

About Splunk

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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