Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $57.69, for a total value of $2,307,600.00. Following the transaction, the director now directly owns 789,540 shares in the company, valued at approximately $45,548,562.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • 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 value 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 value 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 value 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 value 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 value 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 value of $261,657.72.

Splunk Inc. (SPLK) opened at 59.84 on Monday. The firm’s market capitalization is $8.28 billion. The company has a 50-day moving average price of $61.66 and a 200-day moving average price of $60.34. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $69.23.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $242.40 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. On average, equities research analysts predict that Splunk Inc. will post $0.52 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on SPLK. Drexel Hamilton reissued a “buy” rating and set a $93.00 price target on shares of Splunk in a research note on Thursday. Royal Bank Of Canada reissued a “buy” rating on shares of Splunk in a research note on Friday, April 21st. Robert W. Baird set a $71.00 price target on Splunk and gave the stock a “buy” rating in a research note on Saturday, May 27th. UBS AG set a $72.00 price target on Splunk and gave the stock a “buy” rating in a research note on Tuesday, March 21st. Finally, BTIG Research began coverage on Splunk in a research note on Monday, April 17th. They set a “buy” rating and a $80.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.26.

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in Splunk by 0.6% in the first quarter. IFP Advisors Inc now owns 3,304 shares of the software company’s stock worth $206,000 after buying an additional 20 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in Splunk by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock worth $1,038,000 after buying an additional 62 shares during the last quarter. Patten Group Inc. boosted its stake in Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Splunk by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,759 shares of the software company’s stock worth $1,542,000 after buying an additional 118 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Splunk by 0.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock worth $1,709,000 after buying an additional 175 shares during the last quarter.

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)

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