Splunk Inc (NASDAQ:SPLK) SVP Scott Morgan sold 1,724 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $165.00, for a total transaction of $284,460.00. Following the completion of the transaction, the senior vice president now owns 88,114 shares in the company, valued at $14,538,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Scott Morgan also recently made the following trade(s):
- On Thursday, April 9th, Scott Morgan sold 3,451 shares of Splunk stock. The shares were sold at an average price of $125.99, for a total transaction of $434,791.49.
- On Monday, March 30th, Scott Morgan sold 4,332 shares of Splunk stock. The shares were sold at an average price of $126.87, for a total transaction of $549,600.84.
Shares of SPLK opened at $163.45 on Friday. The business has a 50-day moving average of $134.75 and a 200 day moving average of $142.08. Splunk Inc has a fifty-two week low of $93.92 and a fifty-two week high of $176.31. The firm has a market cap of $25.94 billion, a P/E ratio of -72.97 and a beta of 1.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.15 and a current ratio of 2.15.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, May 21st. The software company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.01. Splunk had a negative return on equity of 10.80% and a negative net margin of 14.27%. The company had revenue of $434.08 million during the quarter, compared to analyst estimates of $443.60 million. During the same quarter last year, the firm posted $0.02 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts predict that Splunk Inc will post -3.23 earnings per share for the current fiscal year.
SPLK has been the topic of several research reports. UBS Group upped their price objective on shares of Splunk from $176.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Zacks Investment Research downgraded shares of Splunk from a “hold” rating to a “sell” rating and set a $158.00 price target on the stock. in a research note on Monday, May 11th. Raymond James decreased their price target on shares of Splunk from $179.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, April 3rd. ValuEngine upgraded shares of Splunk from a “hold” rating to a “buy” rating in a research note on Tuesday, March 10th. Finally, SunTrust Banks decreased their price target on shares of Splunk from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Splunk currently has an average rating of “Buy” and an average price target of $168.94.
A number of institutional investors and hedge funds have recently made changes to their positions in SPLK. Valeo Financial Advisors LLC increased its holdings in Splunk by 553.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 196 shares of the software company’s stock worth $29,000 after acquiring an additional 166 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Splunk by 42.4% in the 4th quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock worth $30,000 after acquiring an additional 59 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Splunk during the 1st quarter valued at about $30,000. Harbor Investment Advisory LLC grew its holdings in Splunk by 1,513.3% during the 1st quarter. Harbor Investment Advisory LLC now owns 242 shares of the software company’s stock valued at $31,000 after buying an additional 227 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in Splunk during the 4th quarter valued at about $35,000. 93.81% of the stock is owned by institutional investors.
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.
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