Splunk Inc (NASDAQ:SPLK) Director Thomas M. Neustaetter sold 4,070 shares of the company’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $118.70, for a total value of $483,109.00. Following the completion of the transaction, the director now owns 10,981 shares of the company’s stock, valued at $1,303,444.70. The transaction was disclosed in a filing with the SEC, which is available at this link.

Splunk traded up $2.01, hitting $119.68, on Thursday, according to Marketbeat. The company’s stock had a trading volume of 98,625 shares, compared to its average volume of 1,781,704. Splunk Inc has a 52-week low of $54.17 and a 52-week high of $119.83. The stock has a market cap of $16.98 billion, a P/E ratio of -92.02 and a beta of 1.83.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, May 24th. The software company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. Splunk had a negative return on equity of 33.11% and a negative net margin of 20.72%. The business had revenue of $311.60 million during the quarter, compared to analysts’ expectations of $297.58 million. During the same quarter last year, the business posted ($0.01) EPS. The business’s revenue was up 37.4% on a year-over-year basis. equities analysts forecast that Splunk Inc will post -1.27 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whale Rock Capital Management LLC bought a new position in shares of Splunk in the 1st quarter worth approximately $141,945,000. Two Sigma Advisers LP raised its position in shares of Splunk by 93.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,454,773 shares of the software company’s stock worth $120,513,000 after acquiring an additional 703,500 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Splunk in the 4th quarter worth approximately $34,127,000. Millennium Management LLC raised its position in shares of Splunk by 100.8% in the 1st quarter. Millennium Management LLC now owns 725,772 shares of the software company’s stock worth $71,409,000 after acquiring an additional 364,320 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Splunk by 42.8% in the 4th quarter. Two Sigma Investments LP now owns 1,205,331 shares of the software company’s stock worth $99,850,000 after acquiring an additional 361,491 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

A number of equities analysts have recently issued reports on SPLK shares. Zacks Investment Research cut Splunk from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Stephens reiterated a “buy” rating on shares of Splunk in a report on Friday, February 23rd. Credit Suisse Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Splunk in a report on Wednesday, February 28th. Wedbush upgraded Splunk from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $103.00 to $118.00 in a report on Friday, April 27th. Finally, Vetr cut Splunk from a “hold” rating to a “sell” rating and set a $103.98 price objective for the company. in a report on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Splunk currently has an average rating of “Buy” and a consensus price target of $108.71.

About Splunk

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.