Godfrey Sullivan Sells 8,750 Shares of Splunk Inc (SPLK) Stock

Splunk Inc (NASDAQ:SPLK) Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $81.29, for a total value of $711,287.50. Following the sale, the director now owns 207,239 shares in the company, valued at approximately $16,846,458.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Godfrey Sullivan also recently made the following trade(s):

  • On Monday, November 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $68.62, for a total value of $2,744,800.00.
  • On Wednesday, November 15th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $68.22, for a total value of $8,186,400.00.
  • On Thursday, October 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $63.48, for a total value of $2,539,200.00.
  • 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 Tuesday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $64.40, for a total value of $2,576,000.00.
  • 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 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.

Shares of Splunk Inc (NASDAQ:SPLK) opened at $80.44 on Thursday. Splunk Inc has a 52 week low of $50.64 and a 52 week high of $84.88.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. AXA grew its holdings in shares of Splunk by 22.0% during the third quarter. AXA now owns 171,700 shares of the software company’s stock worth $11,406,000 after buying an additional 31,000 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Splunk by 189.2% during the third quarter. GSA Capital Partners LLP now owns 14,417 shares of the software company’s stock worth $958,000 after buying an additional 9,432 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Splunk during the third quarter worth about $532,000. IFM Investors Pty Ltd purchased a new position in shares of Splunk during the third quarter worth about $300,000. Finally, California Public Employees Retirement System grew its holdings in shares of Splunk by 5.7% during the third quarter. California Public Employees Retirement System now owns 224,190 shares of the software company’s stock worth $14,893,000 after buying an additional 11,990 shares during the last quarter.

A number of equities analysts recently weighed in on the company. Citigroup reaffirmed a “hold” rating and issued a $73.00 price target on shares of Splunk in a report on Monday, November 27th. Bank of America upped their price target on Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Barclays upped their price target on Splunk from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Robert W. Baird reaffirmed an “average” rating and issued a $85.00 price target (up previously from $75.00) on shares of Splunk in a report on Monday, November 20th. Finally, Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $82.74.

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About Splunk

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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