Splunk Inc (NASDAQ:SPLK) CFO David F. Conte sold 12,969 shares of Splunk stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $107.62, for a total value of $1,395,723.78. Following the transaction, the chief financial officer now owns 106,582 shares in the company, valued at approximately $11,470,354.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Splunk Inc (NASDAQ SPLK) traded up $2.24 during midday trading on Wednesday, hitting $108.67. The stock had a trading volume of 2,115,489 shares, compared to its average volume of 2,150,000. Splunk Inc has a twelve month low of $54.17 and a twelve month high of $109.88. The firm has a market capitalization of $15,370.00, a PE ratio of -58.42 and a beta of 1.95.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The business had revenue of $419.70 million during the quarter, compared to analysts’ expectations of $390.79 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 37.0% on a year-over-year basis. research analysts expect that Splunk Inc will post -1.21 earnings per share for the current fiscal year.
A number of brokerages recently commented on SPLK. Robert W. Baird lifted their price objective on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Barclays upgraded Splunk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $105.00 in a research report on Monday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective (up previously from $76.00) on shares of Splunk in a research report on Friday, November 17th. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, January 19th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $93.00 price objective on shares of Splunk in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $98.26.
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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.
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