Splunk Inc (NASDAQ:SPLK) SVP Timothy Tully sold 19,100 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total transaction of $2,396,286.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of SPLK traded up $0.39 during mid-day trading on Wednesday, reaching $125.94. 1,597,800 shares of the company’s stock were exchanged, compared to its average volume of 1,854,182. Splunk Inc has a 52-week low of $62.39 and a 52-week high of $130.00. The stock has a market cap of $18.18 billion, a price-to-earnings ratio of -95.55 and a beta of 2.06.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 23rd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. Splunk had a negative net margin of 20.55% and a negative return on equity of 26.44%. The firm had revenue of $388.30 million for the quarter, compared to analyst estimates of $358.46 million. During the same quarter last year, the business earned $0.08 earnings per share. Splunk’s revenue was up 38.6% compared to the same quarter last year. equities analysts expect that Splunk Inc will post -1.15 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. acquired a new stake in Splunk during the first quarter worth approximately $100,000. Tower Research Capital LLC TRC acquired a new stake in Splunk during the second quarter worth approximately $104,000. Three Peaks Capital Management LLC acquired a new stake in Splunk during the first quarter worth approximately $106,000. Point72 Hong Kong Ltd acquired a new stake in Splunk during the second quarter worth approximately $110,000. Finally, Centaurus Financial Inc. acquired a new stake in Splunk during the second quarter worth approximately $124,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

A number of research analysts have issued reports on SPLK shares. Deutsche Bank increased their target price on shares of Splunk from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 25th. Bank of America increased their target price on shares of Splunk from $124.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 25th. Maxim Group increased their target price on shares of Splunk to $126.00 and gave the company a “buy” rating in a report on Friday, May 25th. Deutsche Bank increased their target price on shares of Splunk from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 25th. Finally, BTIG Research increased their target price on shares of Splunk to $130.00 and gave the company a “buy” rating in a report on Friday, May 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus target price of $121.43.

Splunk Company Profile

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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

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