The 40,000 Shares of Stock are sold by Splunk Inc. (SPLK) Director Godfrey Sullivan

The 40,000 Shares of Stock are sold by Splunk Inc. (SPLK) Director Godfrey Sullivan

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $60.34, for a total transaction of $2,413,600.00. Following the transaction, the director now directly owns 311,676 shares of the company’s stock, valued at $18,806,529.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Godfrey Sullivan also recently made the following trade(s): On Wednesday, October 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $57.66, for a total transaction of $2,306,400.00. On Monday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $61.49, for a total transaction of $2,459,600.00. On Wednesday, September 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were sold at an average price of $58.93, for a total transaction of $7,587,237.50. On Monday, August 8th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $61.55, for a total transaction of $2,462,000.00. On Tuesday, August 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $62.20, for a total transaction of $2,488,000.00. On Wednesday, August 10th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The shares were sold at an average price of $62.01, for a total transaction of $7,441,200.00.

Shares of Splunk Inc. (NASDAQ:SPLK) opened at 57.38 on Thursday. The company’s market capitalization is $7.72 billion. The firm’s 50 day moving average is $59.62 and its 200-day moving average is $56.33. Splunk Inc. has a 52-week low of $29.85 and a 52-week high of $66.90.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The firm had revenue of $212.80 million for the quarter, compared to analyst estimates of $200.52 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue was up 43.5% on a year-over-year basis. Equities research analysts anticipate that Splunk Inc. will post $0.29 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of Splunk by 0.9% in the second quarter. CIBC Asset Management Inc now owns 5,181 shares of the software company’s stock worth $281,000 after buying an additional 46 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock worth $128,000 after buying an additional 123 shares in the last quarter. Calvert Investment Management Inc. raised its stake in shares of Splunk by 1.9% in the second quarter. Calvert Investment Management Inc. now owns 6,693 shares of the software company’s stock worth $363,000 after buying an additional 127 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Splunk by 2.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,165 shares of the software company’s stock worth $334,000 after buying an additional 128 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Splunk by 1.0% in the third quarter. Fisher Asset Management LLC now owns 22,871 shares of the software company’s stock worth $1,342,000 after buying an additional 223 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the stock. Vetr raised shares of Splunk from a “buy” rating to a “strong-buy” rating and set a $66.00 target price for the company in a report on Wednesday. Citigroup Inc. dropped their target price on shares of Splunk from $65.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday. Guggenheim cut shares of Splunk from a “buy” rating to a “neutral” rating in a report on Tuesday, October 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $66.00 price target on shares of Splunk in a research report on Friday, September 30th. Finally, Mizuho began coverage on shares of Splunk in a research report on Wednesday, September 21st. They issued a “neutral” rating and a $60.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Splunk presently has a consensus rating of “Buy” and a consensus target price of $67.55.

Splunk Company Profile

Related posts

Leave a Comment