Splunk Inc. (SPLK) Director Godfrey Sullivan Sells 120,000 Shares

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 120,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $59.09, for a total value of $7,090,800.00. Following the sale, the director now owns 744,540 shares in the company, valued at approximately $43,994,868.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, August 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.13, for a total value of $2,325,200.00.
  • On Monday, August 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.84, for a total value of $2,353,600.00.
  • On Monday, July 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $57.69, for a total value of $2,307,600.00.
  • On Tuesday, July 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.35, for a total value of $2,334,000.00.
  • On Wednesday, July 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $60.27, for a total value of $2,410,800.00.
  • On Monday, June 12th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The shares were sold at an average price of $56.94, for a total value 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 value 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 value 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 value of $261,657.72.

Shares of Splunk Inc. (NASDAQ:SPLK) traded up 4.29% during mid-day trading on Wednesday, hitting $60.76. The stock had a trading volume of 1,723,308 shares. The firm’s 50 day moving average price is $59.10 and its 200-day moving average price is $61.39. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23. The company’s market cap is $8.41 billion.

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

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a report on Wednesday. MKM Partners restated a “neutral” rating and set a $63.00 price objective (up previously from $60.00) on shares of Splunk in a report on Tuesday, May 30th. Stifel Nicolaus restated a “hold” rating and set a $61.00 price objective on shares of Splunk in a report on Sunday, May 28th. Guggenheim upgraded Splunk from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $70.00 in a report on Thursday, June 22nd. Finally, BMO Capital Markets restated a “buy” rating and set a $71.00 price objective on shares of Splunk in a report on Wednesday, July 12th. Twelve research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $70.77.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its position in Splunk by 28.0% in the first quarter. Nationwide Fund Advisors now owns 159,900 shares of the software company’s stock worth $9,960,000 after buying an additional 34,950 shares in the last quarter. Gofen & Glossberg LLC IL raised its position in Splunk by 0.6% in the first quarter. Gofen & Glossberg LLC IL now owns 32,259 shares of the software company’s stock worth $2,009,000 after buying an additional 200 shares in the last quarter. Diversified Trust Co purchased a new position in Splunk during the first quarter worth $212,000. Harbour Capital Advisors LLC purchased a new position in Splunk during the first quarter worth $1,044,000. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Splunk during the first quarter worth $3,437,000.

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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