Insider Selling: Splunk Inc (SPLK) Director Sells $484,040.00 in Stock

Splunk Inc (NASDAQ:SPLK) Director Graham Smith sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $121.01, for a total transaction of $484,040.00. Following the completion of the transaction, the director now owns 53,226 shares in the company, valued at approximately $6,440,878.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:SPLK opened at $115.86 on Monday. Splunk Inc has a one year low of $55.92 and a one year high of $121.64. The stock has a market cap of $16.80 billion, a P/E ratio of -88.44 and a beta of 1.83.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, May 24th. The software company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. Splunk had a negative net margin of 20.72% and a negative return on equity of 29.90%. The business had revenue of $311.60 million for the quarter, compared to analyst estimates of $297.58 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Splunk’s quarterly revenue was up 37.4% on a year-over-year basis. analysts expect that Splunk Inc will post -1.27 EPS for the current fiscal year.



A number of research firms have issued reports on SPLK. Deutsche Bank boosted their price objective on shares of Splunk from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 25th. Jefferies Financial Group boosted their price objective on shares of Splunk to $136.00 and gave the company a “buy” rating in a research report on Friday, May 25th. Credit Suisse Group boosted their price objective on shares of Splunk from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, May 25th. FIG Partners restated an “overweight” rating and issued a $127.00 price objective on shares of Splunk in a research report on Friday, May 25th. Finally, BTIG Research boosted their price objective on shares of Splunk to $130.00 and gave the company a “buy” rating in a research report on Friday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $108.71.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. bought a new position in shares of Splunk in the first quarter worth approximately $100,000. Three Peaks Capital Management LLC bought a new position in shares of Splunk in the first quarter worth approximately $106,000. SeaCrest Wealth Management LLC bought a new position in shares of Splunk in the fourth quarter worth approximately $102,000. James Hambro & Partners bought a new position in shares of Splunk in the fourth quarter worth approximately $124,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Splunk in the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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)

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