Splunk Inc (NASDAQ:SPLK) SVP Leonard R. Stein sold 10,047 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $107.89, for a total value of $1,083,970.83. Following the completion of the transaction, the senior vice president now directly owns 78,606 shares of the company’s stock, valued at approximately $8,480,801.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Splunk Inc (SPLK) opened at $108.04 on Friday. The firm has a market capitalization of $15,280.00, a P/E ratio of -58.09 and a beta of 1.95. Splunk Inc has a 1 year low of $54.17 and a 1 year high of $109.88.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $419.70 million for the quarter, compared to analysts’ expectations of $390.79 million. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. research analysts expect that Splunk Inc will post -1.21 EPS for the current year.
A number of research analysts recently commented on SPLK shares. Drexel Hamilton reissued a “buy” rating and issued a $93.00 price target on shares of Splunk in a report on Thursday, November 16th. Jefferies Group reissued a “buy” rating and issued a $88.00 price target on shares of Splunk in a report on Friday, November 17th. Wells Fargo & Co reissued a “buy” rating and issued a $95.00 price target on shares of Splunk in a report on Friday, November 17th. Mizuho raised Splunk from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $90.00 in a report on Friday, November 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target (up previously from $76.00) on shares of Splunk in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $98.26.
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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