Douglas Merritt Sells 27,526 Shares of Splunk Inc. (NASDAQ:SPLK) Stock

Splunk Inc. (NASDAQ:SPLK) CEO Douglas Merritt sold 27,526 shares of the company’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $151.55, for a total value of $4,171,565.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Douglas Merritt also recently made the following trade(s):

  • On Tuesday, June 29th, Douglas Merritt sold 6,047 shares of Splunk stock. The stock was sold at an average price of $145.00, for a total value of $876,815.00.

Shares of Splunk stock opened at $148.18 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.87. The company has a market cap of $23.94 billion, a PE ratio of -20.16 and a beta of 1.22. The business has a 50 day moving average of $146.64 and a 200 day moving average of $136.02. Splunk Inc. has a 52 week low of $110.28 and a 52 week high of $222.19.

Splunk (NASDAQ:SPLK) last announced its earnings results on Tuesday, August 24th. The software company reported ($0.62) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.07. The company had revenue of $605.74 million during the quarter, compared to the consensus estimate of $563.27 million. Splunk had a negative return on equity of 55.19% and a negative net margin of 49.60%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) earnings per share. On average, research analysts anticipate that Splunk Inc. will post -5.71 earnings per share for the current year.

Several brokerages have recently commented on SPLK. Needham & Company LLC boosted their price objective on Splunk from $198.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, August 26th. cut their price objective on Splunk from $170.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, June 7th. JMP Securities boosted their price objective on Splunk from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, August 26th. Raymond James cut their price objective on Splunk from $195.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, June 3rd. Finally, UBS Group raised Splunk from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $137.00 to $175.00 in a report on Wednesday, August 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Splunk has a consensus rating of “Buy” and a consensus price target of $175.10.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Splunk by 0.7% in the second quarter. Vanguard Group Inc. now owns 14,612,153 shares of the software company’s stock worth $2,112,624,000 after purchasing an additional 98,749 shares in the last quarter. Primecap Management Co. CA raised its holdings in Splunk by 20.9% in the second quarter. Primecap Management Co. CA now owns 6,867,151 shares of the software company’s stock worth $992,853,000 after purchasing an additional 1,186,701 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Splunk by 1.8% in the first quarter. Clearbridge Investments LLC now owns 5,545,920 shares of the software company’s stock worth $751,361,000 after purchasing an additional 98,098 shares in the last quarter. Geode Capital Management LLC raised its holdings in Splunk by 4.7% in the second quarter. Geode Capital Management LLC now owns 2,005,663 shares of the software company’s stock worth $289,539,000 after purchasing an additional 89,839 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Splunk by 18.4% in the second quarter. Legal & General Group Plc now owns 1,467,486 shares of the software company’s stock worth $212,169,000 after purchasing an additional 227,834 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

About Splunk

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.

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

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