Splunk Inc. (SPLK) Director Godfrey Sullivan Sells 40,000 Shares of Stock

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $64.40, for a total value of $2,576,000.00. Following the sale, the director now directly owns 645,790 shares of the company’s stock, valued at $41,588,876. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $7,090,800.00.

Splunk Inc. (NASDAQ SPLK) traded down 0.150% during trading on Thursday, hitting $63.385. The stock had a trading volume of 321,243 shares. The company’s market capitalization is $8.87 billion. The stock has a 50 day moving average price of $66.51 and a 200 day moving average price of $62.57. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.61.

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

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Several brokerages have recently commented on SPLK. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 target price on shares of Splunk in a research report on Thursday, July 13th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 target price on shares of Splunk in a research report on Monday, July 31st. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $75.00 target price on shares of Splunk in a research report on Friday, August 25th. Finally, UBS AG reaffirmed a “buy” rating and issued a $74.00 target price on shares of Splunk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.06.

A number of institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB raised its holdings in Splunk by 0.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock valued at $1,038,000 after acquiring an additional 62 shares during the period. Patten Group Inc. raised its holdings in Splunk by 3.6% in the 1st quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after acquiring an additional 75 shares during the period. Aperio Group LLC raised its holdings in Splunk by 1.3% in the 2nd quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock valued at $740,000 after acquiring an additional 164 shares during the period. Chevy Chase Trust Holdings Inc. raised its holdings in Splunk by 0.6% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock valued at $1,709,000 after acquiring an additional 175 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Splunk by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock valued at $406,000 after acquiring an additional 200 shares during the period.

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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