Splunk Inc (NASDAQ:SPLK) SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total transaction of $390,699.54. Following the completion of the transaction, the senior vice president now owns 89,157 shares in the company, valued at $7,180,704.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Splunk Inc (NASDAQ:SPLK) opened at $80.17 on Wednesday. Splunk Inc has a 12 month low of $50.64 and a 12 month high of $84.88.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. The business had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. equities analysts forecast that Splunk Inc will post -1.3 earnings per share for the current fiscal year.

SPLK has been the topic of a number of research analyst reports. KeyCorp reiterated a “buy” rating on shares of Splunk in a research note on Friday, October 27th. ValuEngine cut shares of Splunk from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Maxim Group restated a “buy” rating and set a $79.00 price target on shares of Splunk in a research note on Friday, October 27th. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC started coverage on shares of Splunk in a research note on Monday, October 23rd. They set a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $82.74.

A number of institutional investors and hedge funds have recently made changes to their positions in SPLK. Patten Group Inc. boosted its position in Splunk by 1,048.8% during the 3rd quarter. Patten Group Inc. now owns 24,746 shares of the software company’s stock valued at $143,000 after buying an additional 22,592 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Splunk by 24.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after buying an additional 656 shares during the period. IFP Advisors Inc boosted its position in Splunk by 6.2% during the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after buying an additional 204 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Splunk during the 3rd quarter valued at $201,000. Finally, FDx Advisors Inc. purchased a new stake in Splunk during the 3rd quarter valued at $210,000.

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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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