Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $58.84, for a total transaction of $2,353,600.00. Following the transaction, the director now directly owns 744,540 shares in the company, valued at $43,808,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 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.
  • On Monday, June 12th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The stock was sold at an average price of $56.94, for a total transaction of $2,775,825.00.
  • On Tuesday, June 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.20, for a total transaction of $2,328,000.00.
  • On Wednesday, June 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $57.58, for a total transaction of $7,413,425.00.
  • On Wednesday, June 7th, Godfrey Sullivan sold 4,236 shares of Splunk stock. The stock was sold at an average price of $61.77, for a total transaction of $261,657.72.

Splunk Inc. (NASDAQ SPLK) traded up 4.29% on Wednesday, hitting $60.76. 1,723,308 shares of the stock were exchanged. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $69.23. The company has a 50-day moving average price of $59.10 and a 200 day moving average price of $61.39. The company’s market capitalization is $8.41 billion.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, May 25th. The software company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) EPS. Analysts anticipate that Splunk Inc. will post $0.52 EPS for the current fiscal year.

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Several equities analysts have commented on SPLK shares. Royal Bank Of Canada increased their target price on shares of Splunk from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 23rd. Mizuho reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Splunk in a research report on Tuesday. Robert W. Baird set a $71.00 price target on Splunk and gave the company a “buy” rating in a research report on Saturday, May 27th. Maxim Group reaffirmed a “buy” rating on shares of Splunk in a research report on Sunday, May 28th. Finally, Citigroup Inc. raised their price target on Splunk from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Twelve analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and an average price target of $70.77.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Splunk by 5,553.3% in the first quarter. BlackRock Inc. now owns 6,931,967 shares of the software company’s stock valued at $431,791,000 after buying an additional 6,809,349 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Splunk by 2,492.5% in the first quarter. Wellington Management Group LLP now owns 1,350,153 shares of the software company’s stock valued at $84,102,000 after buying an additional 1,298,074 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Splunk by 40.1% in the second quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock valued at $224,259,000 after buying an additional 1,128,410 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Splunk by 6,237.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,061,852 shares of the software company’s stock valued at $18,665,000 after buying an additional 1,045,097 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of Splunk by 113.8% in the first quarter. Pictet Asset Management Ltd. now owns 1,510,716 shares of the software company’s stock valued at $94,103,000 after buying an additional 804,201 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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