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

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

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $61.49, for a total value of $2,459,600.00. Following the completion of the sale, the director now owns 311,676 shares of the company’s stock, valued at $19,164,957.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $2,306,400.00. On Tuesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $60.34, for a total value of $2,413,600.00. 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 value 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 value 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 value 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 value of $7,441,200.00.

Splunk Inc. (NASDAQ:SPLK) opened at 56.34 on Friday. The company’s 50-day moving average is $59.40 and its 200-day moving average is $56.33. Splunk Inc. has a one year low of $29.85 and a one year high of $66.90. The firm’s market capitalization is $7.58 billion.

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

A number of research analysts recently commented on SPLK shares. Barclays PLC upped their price objective on Splunk from $51.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, August 26th. Stifel Nicolaus cut Splunk from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. They noted that the move was a valuation call. Morgan Stanley upped their price target on Splunk from $58.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Drexel Hamilton restated a “buy” rating and set a $85.00 price target on shares of Splunk in a research note on Wednesday, July 13th. Finally, Wedbush restated an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Splunk in a research note on Sunday, August 28th. Twelve investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.55.

Institutional investors have recently bought and sold shares of the company. Gulf International Bank UK Ltd boosted its position in Splunk by 5.1% in the third quarter. Gulf International Bank UK Ltd now owns 41,160 shares of the software company’s stock worth $2,415,000 after buying an additional 2,000 shares during the last quarter. Fisher Asset Management LLC boosted its position in 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 during the last quarter. Macquarie Group Ltd. boosted its position in Splunk by 134.6% in the second quarter. Macquarie Group Ltd. now owns 43,997 shares of the software company’s stock worth $2,383,000 after buying an additional 25,242 shares during the last quarter. Williams Jones & Associates LLC boosted its position in Splunk by 2.9% in the second quarter. Williams Jones & Associates LLC now owns 295,019 shares of the software company’s stock worth $15,984,000 after buying an additional 8,424 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Splunk by 29.7% in the second quarter. Royal Bank of Canada now owns 71,966 shares of the software company’s stock worth $3,900,000 after buying an additional 16,463 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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