Splunk Inc (NASDAQ:SPLK) insider Douglas Merritt sold 10,126 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total value of $810,586.30. Following the transaction, the insider now directly owns 189,079 shares in the company, valued at $15,135,773.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Splunk Inc (NASDAQ SPLK) opened at $82.46 on Friday. Splunk Inc has a one year low of $50.64 and a one year high of $84.88.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. The business had revenue of $328.65 million for the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. equities research analysts expect that Splunk Inc will post -1.3 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of SPLK. Aperio Group LLC lifted its stake in shares of Splunk by 1.3% during the second quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock valued at $740,000 after acquiring an additional 164 shares during the period. Prudential Financial Inc. lifted its stake in shares of Splunk by 2.9% during the second quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock valued at $406,000 after acquiring an additional 200 shares during the period. IFP Advisors Inc lifted its stake in shares of Splunk by 6.2% during the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after acquiring an additional 204 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Splunk by 5.2% during the second quarter. Salem Investment Counselors Inc. now owns 6,465 shares of the software company’s stock valued at $368,000 after acquiring an additional 320 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Splunk by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 127,208 shares of the software company’s stock valued at $7,924,000 after acquiring an additional 349 shares during the period.
A number of research firms recently issued reports on SPLK. Morgan Stanley lowered Splunk from an “overweight” rating to an “equal weight” rating and set a $77.00 target price on the stock. in a report on Monday, October 2nd. Guggenheim reaffirmed a “buy” rating and set a $70.00 target price on shares of Splunk in a report on Saturday, August 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $71.00 target price on shares of Splunk in a report on Wednesday, September 27th. Cowen reaffirmed a “buy” rating and set a $72.00 target price on shares of Splunk in a report on Thursday, September 28th. Finally, Robert W. Baird reaffirmed an “average” rating and set a $85.00 target price (up from $75.00) on shares of Splunk in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $82.74.
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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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