Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $64.40, for a total transaction of $2,576,000.00. Following the sale, the director now owns 645,790 shares in the company, valued at $41,588,876. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, October 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $65.82, for a total transaction of $2,632,800.00.
  • On Wednesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was 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 stock was 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 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.

Splunk Inc. (SPLK) opened at 63.55 on Friday. Splunk Inc. has a one year low of $50.64 and a one year high of $69.61. The company has a 50 day moving average of $66.70 and a 200-day moving average of $62.59. The stock’s market capitalization is $8.90 billion.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $279.96 million for the quarter, compared to analysts’ expectations of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. Equities research analysts predict that Splunk Inc. will post $0.54 earnings per share for the current fiscal year.

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Several research firms have issued reports on SPLK. Morgan Stanley lowered shares of Splunk from an “overweight” rating to an “equal weight” rating and set a $77.00 price target for the company. in a report on Monday, October 2nd. Guggenheim restated a “buy” rating and set a $70.00 price target on shares of Splunk in a report on Saturday, August 19th. Cowen and Company restated a “buy” rating and set a $72.00 price target on shares of Splunk in a report on Thursday, September 28th. BMO Capital Markets restated a “buy” rating and set a $71.00 price target on shares of Splunk in a report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Wednesday, October 4th. 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $73.06.

Large investors have recently made changes to their positions in the business. Harbour Capital Advisors LLC purchased a new position in Splunk in the first quarter worth about $1,044,000. BNP Paribas Arbitrage SA boosted its position in Splunk by 99.8% in the second quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock worth $1,577,000 after purchasing an additional 13,849 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Splunk by 7.3% in the second quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock worth $863,000 after purchasing an additional 1,032 shares during the last quarter. Swiss National Bank boosted its position in Splunk by 3.8% in the second quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock worth $28,143,000 after purchasing an additional 17,900 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Splunk by 1.2% in the second quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock worth $31,160,000 after purchasing an additional 6,713 shares during the last quarter.

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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