Splunk (NASDAQ:SPLK) Director Godfrey Sullivan sold 8,750 shares of Splunk stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $107.60, for a total value of $941,500.00. Following the completion of the transaction, the director now owns 161,700 shares in the company, valued at approximately $17,398,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Splunk stock opened at $97.46 on Friday. Splunk has a 52 week low of $54.17 and a 52 week high of $112.66.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.42% and a negative net margin of 20.39%. The business had revenue of $419.70 million for the quarter, compared to analyst estimates of $390.79 million. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was up 37.0% on a year-over-year basis. equities research analysts anticipate that Splunk will post -1.14 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of SPLK. Carmignac Gestion acquired a new position in Splunk during the 3rd quarter worth about $198,193,000. Two Sigma Advisers LP lifted its stake in Splunk by 93.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,454,773 shares of the software company’s stock worth $120,513,000 after acquiring an additional 703,500 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new position in Splunk during the 4th quarter worth about $34,127,000. JPMorgan Chase & Co. lifted its stake in Splunk by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after acquiring an additional 389,565 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Splunk by 42.8% during the 4th quarter. Two Sigma Investments LP now owns 1,205,331 shares of the software company’s stock worth $99,850,000 after acquiring an additional 361,491 shares in the last quarter.
Several equities analysts have issued reports on SPLK shares. Mizuho lifted their target price on Splunk from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus raised Splunk from a “hold” rating to a “buy” rating and raised their price target for the stock from $75.00 to $120.00 in a report on Friday, March 2nd. Credit Suisse Group reissued a “buy” rating and issued a $88.00 price target on shares of Splunk in a report on Wednesday, February 28th. Piper Jaffray reaffirmed a “buy” rating and set a $105.00 target price on shares of Splunk in a report on Tuesday, February 27th. Finally, Stephens reaffirmed a “buy” rating on shares of Splunk in a report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $99.41.
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Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company's products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service.
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