Splunk (NASDAQ:SPLK) SVP Leonard R. Stein sold 10,047 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $107.89, for a total transaction of $1,083,970.83. Following the transaction, the senior vice president now owns 78,606 shares in the company, valued at approximately $8,480,801.34. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of SPLK stock traded down $1.99 during trading on Friday, reaching $97.46. The company’s stock had a trading volume of 1,125,148 shares, compared to its average volume of 2,046,192. The stock has a market capitalization of $14,037.55, a P/E ratio of -74.40 and a beta of 1.85. Splunk has a 1-year low of $54.17 and a 1-year high of $112.66.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.42%. The firm had revenue of $419.70 million during the quarter, compared to analysts’ expectations of $390.79 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. equities analysts forecast that Splunk will post -1.14 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in Splunk by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock worth $282,000 after acquiring an additional 389 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Splunk by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,060 shares of the software company’s stock worth $336,000 after acquiring an additional 638 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Splunk by 7.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,473 shares of the software company’s stock worth $866,000 after acquiring an additional 698 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Splunk by 17.6% in the third quarter. CIBC Asset Management Inc now owns 5,741 shares of the software company’s stock worth $381,000 after acquiring an additional 860 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Splunk by 2.2% in the fourth quarter. LPL Financial LLC now owns 45,990 shares of the software company’s stock worth $3,809,000 after acquiring an additional 1,008 shares during the last quarter.
A number of research analysts have issued reports on SPLK shares. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Robert W. Baird increased their price objective on shares of Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Barclays upgraded shares of Splunk from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $105.00 in a research note on Monday, January 8th. Jefferies Group reissued a “buy” rating and set a $115.00 price target on shares of Splunk in a report on Wednesday, March 28th. Finally, Mizuho reissued a “buy” rating and set a $120.00 price target on shares of Splunk in a report on Wednesday, March 28th. Six equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus 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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