Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 48,750 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $68.13, for a total transaction of $3,321,337.50. Following the sale, the director now owns 699,540 shares in the company, valued at $47,659,660.20. 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 Tuesday, September 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $67.80, for a total transaction of $2,712,000.00.
  • On Wednesday, September 13th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $67.84, for a total transaction of $8,734,400.00.
  • On Tuesday, August 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $60.27, for a total transaction of $2,410,800.00.

Shares of Splunk Inc. (SPLK) opened at 67.22 on Friday. The company has a 50 day moving average of $62.59 and a 200 day moving average of $61.87. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The firm’s market cap is $9.35 billion.

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 research analysts anticipate that Splunk Inc. will post $0.54 EPS for the current fiscal year.

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A number of equities research analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Splunk in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $80.00 price objective on the stock. ValuEngine raised shares of Splunk from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. MKM Partners reissued 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. reissued 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 reissued a “buy” rating and issued a $85.00 price objective on shares of Splunk in a research report on Friday, August 25th. Twelve investment 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.

Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its position in shares of Splunk by 0.3% during the second quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock worth $1,038,000 after acquiring an additional 62 shares during the last quarter. Patten Group Inc. lifted its holdings in Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after purchasing an additional 75 shares during the period. Aperio Group LLC lifted its holdings in Splunk by 1.3% in the second quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock worth $740,000 after purchasing an additional 164 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings 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 worth $1,709,000 after purchasing an additional 175 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Splunk by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 68,472 shares of the software company’s stock worth $4,260,000 after purchasing an additional 178 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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