Splunk Inc (NASDAQ:SPLK) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,210 shares of the software company’s stock after selling 7,410 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Splunk were worth $14,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cable Hill Partners LLC purchased a new position in Splunk in the 1st quarter worth approximately $25,000. Berman Capital Advisors LLC purchased a new position in shares of Splunk during the 4th quarter valued at approximately $29,000. Bessemer Group Inc. boosted its stake in shares of Splunk by 192.2% during the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after buying an additional 198 shares during the last quarter. Trustcore Financial Services LLC purchased a new position in shares of Splunk during the 1st quarter valued at approximately $37,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Splunk during the 1st quarter valued at approximately $43,000.

NASDAQ:SPLK traded down $1.36 on Friday, reaching $116.88. The company’s stock had a trading volume of 418,193 shares, compared to its average volume of 2,601,924. Splunk Inc has a 1-year low of $83.69 and a 1-year high of $143.70. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of -73.51 and a beta of 2.15.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, May 23rd. The software company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.08). Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. The business had revenue of $424.90 million during the quarter, compared to analyst estimates of $395.92 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm’s revenue was up 36.4% on a year-over-year basis. Sell-side analysts forecast that Splunk Inc will post -0.99 earnings per share for the current year.

Several research firms have recently commented on SPLK. Zacks Investment Research cut Splunk from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Piper Jaffray Companies increased their target price on Splunk to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Argus increased their target price on Splunk to $156.00 and gave the company a “buy” rating in a research note on Friday, March 8th. BMO Capital Markets increased their target price on Splunk from $132.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Finally, ValuEngine cut Splunk from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $144.27.

In other Splunk news, General Counsel Scott Morgan sold 1,328 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.23, for a total value of $153,025.44. Following the completion of the transaction, the general counsel now directly owns 60,768 shares of the company’s stock, valued at $7,002,296.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy Tully sold 6,655 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $128.06, for a total value of $852,239.30. Following the completion of the transaction, the senior vice president now directly owns 127,727 shares of the company’s stock, valued at $16,356,719.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,953 shares of company stock valued at $11,725,445. Insiders own 0.36% of the company’s stock.

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Splunk Profile

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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