Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan Sells 40,000 Shares

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $60.27, for a total transaction of $2,410,800.00. Following the completion of the transaction, the director now owns 789,540 shares of the company’s stock, valued at $47,585,575.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Godfrey Sullivan also recently made the following trade(s):

  • On Monday, July 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $57.69, for a total transaction of $2,307,600.00.
  • On Tuesday, July 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.35, for a total transaction of $2,334,000.00.
  • On Monday, June 12th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The stock was sold at an average price of $56.94, for a total transaction of $2,775,825.00.
  • On Tuesday, June 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.20, for a total transaction of $2,328,000.00.
  • On Wednesday, June 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were sold at an average price of $57.58, for a total transaction of $7,413,425.00.
  • On Wednesday, June 7th, Godfrey Sullivan sold 4,236 shares of Splunk stock. The shares were sold at an average price of $61.77, for a total transaction of $261,657.72.

Splunk Inc. (NASDAQ SPLK) traded up 2.41% on Friday, reaching $58.20. The company had a trading volume of 1,057,275 shares. Splunk Inc. has a 52-week low of $50.64 and a 52-week high of $69.23. The company’s market capitalization is $8.05 billion. The company’s 50-day moving average is $59.10 and its 200-day moving average is $61.28.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Splunk had a negative return on equity of 40.82% and a negative net margin of 35.19%. The company had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The company’s revenue was up 30.4% compared to the same quarter last year. Equities analysts anticipate that Splunk Inc. will post $0.52 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of SPLK. TLP Group LLC bought a new stake in shares of Splunk during the first quarter valued at $102,000. Patten Group Inc. increased its stake in shares of Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after buying an additional 75 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Splunk by 79.9% in the first quarter. Acrospire Investment Management LLC now owns 2,701 shares of the software company’s stock valued at $168,000 after buying an additional 1,200 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Splunk during the first quarter valued at $200,000. Finally, IFP Advisors Inc increased its stake in shares of Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after buying an additional 204 shares during the last quarter.

Several equities analysts have recently issued reports on SPLK shares. BTIG Research started coverage on shares of Splunk in a report on Monday, April 17th. They set a “buy” rating and a $80.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Splunk in a report on Friday, April 21st. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Wedbush restated an “outperform” rating and set a $78.00 price objective on shares of Splunk in a report on Monday, May 22nd. Finally, Robert W. Baird set a $71.00 price objective on shares of Splunk and gave the company a “buy” rating in a report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $70.77.

About Splunk

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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