Splunk Inc. (SPLK) Director Godfrey Sullivan Sells 40,000 Shares of Stock

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $63.53, for a total value of $2,541,200.00. Following the completion of the transaction, the director now owns 645,790 shares in the company, valued at approximately $41,027,038.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Monday, October 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $65.82, for a total value of $2,632,800.00.
  • On Tuesday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $64.40, for a total value of $2,576,000.00.
  • On Monday, September 11th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The shares were sold at an average price of $68.13, for a total value of $3,321,337.50.
  • On Tuesday, September 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $67.80, for a total value of $2,712,000.00.
  • On Wednesday, September 13th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were sold at an average price of $67.84, for a total value of $8,734,400.00.
  • 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 Wednesday, August 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $59.09, for a total value of $7,090,800.00.

Splunk Inc. (SPLK) traded down 0.150% during midday trading on Thursday, reaching $63.385. The company had a trading volume of 321,243 shares. Splunk Inc. has a 12 month low of $50.64 and a 12 month high of $69.61. The firm’s 50-day moving average price is $66.51 and its 200 day moving average price is $62.57. The firm’s market capitalization is $8.87 billion.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $279.96 million during the quarter, compared to the consensus estimate of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. Splunk’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. Equities analysts anticipate that Splunk Inc. will post $0.54 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Patten Group Inc. lifted its holdings in Splunk by 3.6% during the 1st quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Splunk by 24.1% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after buying an additional 656 shares during the last quarter. IFP Advisors Inc lifted its holdings in Splunk by 6.2% during the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after buying an additional 204 shares during the last quarter. Achmea Investment Management B.V. bought a new position in Splunk during the 1st quarter worth approximately $230,000. Finally, Diversified Trust Co lifted its holdings in Splunk by 11.7% during the 2nd quarter. Diversified Trust Co now owns 3,806 shares of the software company’s stock worth $217,000 after buying an additional 400 shares during the last quarter.

SPLK has been the subject of a number of recent research reports. Guggenheim raised Splunk from a “neutral” rating to a “buy” rating and raised their target price for the stock from $69.00 to $70.00 in a research note on Thursday, June 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $71.00 target price on shares of Splunk in a research note on Monday, July 10th. Wedbush downgraded Splunk from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $72.00 to $63.00 in a research note on Thursday, June 15th. Zacks Investment Research downgraded Splunk from a “buy” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Mizuho reaffirmed a “hold” rating and issued a $60.00 target price on shares of Splunk in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.06.

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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