Splunk (NASDAQ:SPLK) insider Douglas Merritt sold 33,734 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $98.71, for a total value of $3,329,883.14. Following the sale, the insider now directly owns 318,894 shares in the company, valued at $31,478,026.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Douglas Merritt also recently made the following trade(s):
- On Tuesday, April 3rd, Douglas Merritt sold 16,677 shares of Splunk stock. The stock was sold at an average price of $97.66, for a total value of $1,628,675.82.
- On Wednesday, March 14th, Douglas Merritt sold 28,513 shares of Splunk stock. The stock was sold at an average price of $106.30, for a total value of $3,030,931.90.
Shares of NASDAQ SPLK opened at $97.46 on Friday. The company has a market capitalization of $14,291.02, a P/E ratio of -74.40 and a beta of 1.85. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $419.70 million during the quarter, compared to analyst estimates of $390.79 million. Splunk had a negative return on equity of 31.42% and a negative net margin of 20.39%. Splunk’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. research analysts expect that Splunk will post -1.14 EPS for the current fiscal year.
A number of research firms have recently commented on SPLK. BidaskClub cut Splunk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 29th. Wedbush reaffirmed a “neutral” rating and set a $103.00 target price (up previously from $101.00) on shares of Splunk in a research note on Wednesday, March 28th. ValuEngine raised Splunk from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Mizuho reaffirmed a “buy” rating and set a $120.00 target price on shares of Splunk in a research note on Wednesday, March 28th. Finally, Stifel Nicolaus raised Splunk from a “hold” rating to a “buy” rating and upped their target price for the company from $75.00 to $120.00 in a research note on Friday, March 2nd. Six research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and a consensus target price of $99.41.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of Splunk in the fourth quarter valued at approximately $102,000. James Hambro & Partners purchased a new stake in Splunk during the fourth quarter worth $124,000. MANA Advisors LLC purchased a new stake in Splunk during the fourth quarter worth $208,000. Creative Planning purchased a new stake in Splunk during the fourth quarter worth $210,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Splunk during the fourth quarter worth $214,000.
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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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