Douglas Merritt Sells 27,526 Shares of Splunk Inc. (NASDAQ:SPLK) Stock

Splunk Inc. (NASDAQ:SPLK) CEO Douglas Merritt sold 27,526 shares of Splunk stock in a transaction on Thursday, September 16th. The stock was sold at an average price of $151.55, for a total transaction of $4,171,565.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Douglas Merritt also recently made the following trade(s):

  • On Tuesday, June 29th, Douglas Merritt sold 6,047 shares of Splunk stock. The stock was sold at an average price of $145.00, for a total transaction of $876,815.00.

Splunk stock traded down $5.02 during trading hours on Monday, hitting $146.76. The company had a trading volume of 1,594,282 shares, compared to its average volume of 2,238,244. The firm has a market cap of $23.71 billion, a PE ratio of -19.97 and a beta of 1.22. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.16 and a quick ratio of 2.16. Splunk Inc. has a one year low of $110.28 and a one year high of $222.19. The firm has a 50-day moving average of $146.38 and a 200 day moving average of $135.94.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Tuesday, August 24th. The software company reported ($0.62) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.07. The firm had revenue of $605.74 million for the quarter, compared to analysts’ expectations of $563.27 million. Splunk had a negative net margin of 49.60% and a negative return on equity of 55.19%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.33) EPS. As a group, research analysts expect that Splunk Inc. will post -5.71 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in SPLK. IFP Advisors Inc increased its holdings in shares of Splunk by 16.8% during the second quarter. IFP Advisors Inc now owns 10,955 shares of the software company’s stock worth $1,575,000 after purchasing an additional 1,579 shares during the period. Green Alpha Advisors LLC increased its holdings in shares of Splunk by 83.7% during the second quarter. Green Alpha Advisors LLC now owns 8,419 shares of the software company’s stock worth $1,217,000 after purchasing an additional 3,837 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Splunk by 27.4% during the second quarter. Exchange Traded Concepts LLC now owns 6,941 shares of the software company’s stock worth $1,004,000 after purchasing an additional 1,493 shares during the period. White Pine Investment CO bought a new position in shares of Splunk during the second quarter worth approximately $3,803,000. Finally, Geode Capital Management LLC increased its holdings in shares of Splunk by 6.7% during the first quarter. Geode Capital Management LLC now owns 1,915,824 shares of the software company’s stock worth $259,191,000 after purchasing an additional 120,304 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of Splunk from $156.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, June 3rd. Raymond James cut their price objective on shares of Splunk from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, June 3rd. JMP Securities boosted their price objective on shares of Splunk from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, August 26th. Citigroup cut their price objective on shares of Splunk from $170.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, June 7th. Finally, Morgan Stanley boosted their price objective on shares of Splunk from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, August 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Splunk currently has an average rating of “Buy” and an average price target of $175.10.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics and industries. The company was founded by Erik M.

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

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