Splunk Inc (NASDAQ:SPLK) Insider Ledger Susan St. Sells 2,047 Shares

Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 2,047 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $163.19, for a total transaction of $334,049.93. Following the transaction, the insider now owns 213,042 shares in the company, valued at $34,766,323.98. The sale was disclosed in a filing with the SEC, which is available through this link.

Ledger Susan St. also recently made the following trade(s):

  • On Wednesday, April 8th, Ledger Susan St. sold 3,127 shares of Splunk stock. The stock was sold at an average price of $125.00, for a total transaction of $390,875.00.
  • On Monday, March 30th, Ledger Susan St. sold 6,154 shares of Splunk stock. The stock was sold at an average price of $126.87, for a total transaction of $780,757.98.
  • On Tuesday, March 24th, Ledger Susan St. sold 300 shares of Splunk stock. The stock was sold at an average price of $125.16, for a total transaction of $37,548.00.
  • On Wednesday, March 11th, Ledger Susan St. sold 17,338 shares of Splunk stock. The stock was sold at an average price of $122.06, for a total transaction of $2,116,276.28.

NASDAQ SPLK opened at $163.45 on Friday. Splunk Inc has a 52 week low of $93.92 and a 52 week high of $176.31. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.98. The business’s fifty day simple moving average is $134.75 and its 200-day simple moving average is $142.08. The firm has a market cap of $25.94 billion, a PE ratio of -72.97 and a beta of 1.52.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, May 21st. The software company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.01. Splunk had a negative return on equity of 10.80% and a negative net margin of 14.27%. The business had revenue of $434.08 million for the quarter, compared to analyst estimates of $443.60 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts expect that Splunk Inc will post -3.23 EPS for the current year.

Several research firms have commented on SPLK. Oppenheimer increased their price target on shares of Splunk from $154.00 to $170.00 in a research report on Thursday, March 5th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of Splunk in a research report on Tuesday. Raymond James decreased their price target on shares of Splunk from $179.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, April 3rd. Credit Suisse Group increased their price target on shares of Splunk from $160.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Splunk from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $168.94.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in Splunk by 7.8% in the 1st quarter. Jennison Associates LLC now owns 6,568,690 shares of the software company’s stock valued at $829,166,000 after buying an additional 473,790 shares during the period. Pictet Asset Management Ltd. raised its holdings in Splunk by 6.9% in the 4th quarter. Pictet Asset Management Ltd. now owns 3,192,389 shares of the software company’s stock valued at $478,124,000 after buying an additional 205,113 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Splunk by 36.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,227,375 shares of the software company’s stock valued at $281,162,000 after buying an additional 597,306 shares during the period. Geode Capital Management LLC raised its holdings in Splunk by 9.2% in the 1st quarter. Geode Capital Management LLC now owns 1,774,839 shares of the software company’s stock valued at $223,848,000 after buying an additional 149,291 shares during the period. Finally, First Trust Advisors LP raised its holdings in Splunk by 16.5% in the 1st quarter. First Trust Advisors LP now owns 1,693,072 shares of the software company’s stock valued at $213,716,000 after buying an additional 240,296 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

Splunk Company Profile

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

Read More: What is a good rate of return for a mutual fund?

Insider Buying and Selling by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.