Splunk Inc (NASDAQ:SPLK) Insider Sells $2,164,271.76 in Stock

Share on StockTwits

Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 14,744 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $146.79, for a total transaction of $2,164,271.76. Following the completion of the transaction, the insider now directly owns 194,473 shares of the company’s stock, valued at approximately $28,546,691.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ledger Susan St. also recently made the following trade(s):

  • On Monday, December 2nd, Ledger Susan St. sold 1,320 shares of Splunk stock. The shares were sold at an average price of $152.39, for a total transaction of $201,154.80.
  • On Friday, November 8th, Ledger Susan St. sold 8,096 shares of Splunk stock. The shares were sold at an average price of $125.00, for a total transaction of $1,012,000.00.

SPLK traded down $0.14 during trading on Friday, hitting $143.51. 2,354,384 shares of the company’s stock were exchanged, compared to its average volume of 1,836,264. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.06. Splunk Inc has a 1 year low of $90.08 and a 1 year high of $152.68. The stock has a 50 day moving average price of $132.90 and a 200 day moving average price of $124.82. The firm has a market cap of $22.76 billion, a P/E ratio of -90.26 and a beta of 2.10.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, November 21st. The software company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Splunk had a negative net margin of 14.24% and a negative return on equity of 11.03%. The company had revenue of $626.00 million during the quarter, compared to the consensus estimate of $605.20 million. During the same period in the previous year, the firm earned $0.38 earnings per share. Splunk’s revenue for the quarter was up 30.1% on a year-over-year basis. Analysts forecast that Splunk Inc will post -0.86 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPLK. Fisher Asset Management LLC grew its stake in Splunk by 21.7% during the second quarter. Fisher Asset Management LLC now owns 2,072 shares of the software company’s stock worth $261,000 after buying an additional 370 shares during the period. Aperio Group LLC grew its stake in Splunk by 3.4% during the second quarter. Aperio Group LLC now owns 50,085 shares of the software company’s stock worth $6,298,000 after buying an additional 1,628 shares during the period. Advisor Group Inc. grew its stake in Splunk by 9.1% during the second quarter. Advisor Group Inc. now owns 13,084 shares of the software company’s stock worth $1,646,000 after buying an additional 1,087 shares during the period. Janus Henderson Group PLC grew its stake in Splunk by 35.2% during the second quarter. Janus Henderson Group PLC now owns 47,323 shares of the software company’s stock worth $5,951,000 after buying an additional 12,311 shares during the period. Finally, Wedbush Securities Inc. grew its stake in Splunk by 30.6% during the second quarter. Wedbush Securities Inc. now owns 2,849 shares of the software company’s stock worth $358,000 after buying an additional 668 shares during the period. Institutional investors own 93.54% of the company’s stock.

A number of research firms have recently weighed in on SPLK. Citigroup cut their price objective on shares of Splunk from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Friday, August 23rd. Cleveland Research downgraded shares of Splunk from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Northland Securities restated a “buy” rating and issued a $160.00 target price on shares of Splunk in a report on Friday, November 22nd. Cowen restated a “buy” rating and issued a $160.00 target price on shares of Splunk in a report on Monday, November 18th. Finally, Wedbush boosted their target price on shares of Splunk from $153.00 to $162.00 and gave the company a “positive” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have assigned a buy rating to the company. Splunk presently has an average rating of “Buy” and an average price target of $156.50.

About Splunk

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.

Read More: Analyst Ratings

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.