Insider Selling: Splunk Inc. (SPLK) Director Sells 40,000 Shares of Stock

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $63.48, for a total transaction of $2,539,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, October 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $65.82, for a total transaction of $2,632,800.00.
  • On Tuesday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $64.40, for a total transaction of $2,576,000.00.
  • On Wednesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $63.53, for a total transaction of $2,541,200.00.
  • 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 Wednesday, September 13th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were 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 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.

Splunk Inc. (NASDAQ:SPLK) traded up 1.13% on Monday, hitting $64.27. The stock had a trading volume of 1,857,103 shares. Splunk Inc. has a one year low of $50.64 and a one year high of $69.61. The stock’s market cap is $9.00 billion. The stock’s 50 day moving average is $66.73 and its 200 day moving average is $62.60.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) 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 business had revenue of $279.96 million for the quarter, compared to the consensus estimate of $268.72 million. During the same period in the prior year, the business earned $0.05 earnings per share. The business’s revenue was up 31.6% on a year-over-year basis. Analysts anticipate that Splunk Inc. will post $0.54 earnings per share for the current year.

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Several large investors have recently modified their holdings of SPLK. Patten Group Inc. lifted its position in shares of Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after acquiring an additional 75 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after acquiring an additional 656 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after acquiring an additional 204 shares in the last quarter. Diversified Trust Co lifted its position in shares of Splunk by 11.7% in the second quarter. Diversified Trust Co now owns 3,806 shares of the software company’s stock valued at $217,000 after acquiring an additional 400 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Splunk in the second quarter valued at $217,000.

Several equities analysts recently weighed in on SPLK shares. Morgan Stanley downgraded shares of Splunk from an “overweight” rating to an “equal weight” rating and set a $77.00 price target on the stock. in a report on Monday, October 2nd. Guggenheim reiterated a “buy” rating and issued a $70.00 price target on shares of Splunk in a report on Saturday, August 19th. BMO Capital Markets reiterated a “buy” rating and issued a $71.00 price target on shares of Splunk in a report on Wednesday, September 27th. Cowen and Company reiterated a “buy” rating and issued a $72.00 price target on shares of Splunk in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $73.06.

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.

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

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

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