Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 2,047 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $163.19, for a total value of $334,049.93. Following the transaction, the insider now owns 213,042 shares of the company’s stock, valued at approximately $34,766,323.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
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 value 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 value of $780,757.98.
- On Tuesday, March 24th, Ledger Susan St. sold 300 shares of Splunk stock. The shares were sold at an average price of $125.16, for a total value of $37,548.00.
- On Wednesday, March 11th, Ledger Susan St. sold 17,338 shares of Splunk stock. The shares were sold at an average price of $122.06, for a total value of $2,116,276.28.
Shares of Splunk stock opened at $163.45 on Friday. The firm has a market cap of $25.94 billion, a PE ratio of -72.97 and a beta of 1.52. Splunk Inc has a 12-month low of $93.92 and a 12-month 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 company’s fifty day simple moving average is $134.75 and its two-hundred day simple moving average is $142.08.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01. The firm had revenue of $434.08 million for the quarter, compared to analyst estimates of $443.60 million. Splunk had a negative net margin of 14.27% and a negative return on equity of 10.80%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS. As a group, sell-side analysts expect that Splunk Inc will post -3.23 earnings per share for the current fiscal year.
A number of brokerages have commented on SPLK. Bank of America restated a “buy” rating and issued a $225.00 target price on shares of Splunk in a research note on Thursday, March 5th. JPMorgan Chase & Co. boosted their target price on Splunk from $152.00 to $174.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Cowen downgraded Splunk from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $165.00 to $140.00 in a research note on Friday, April 24th. Oppenheimer boosted their price target on Splunk from $154.00 to $170.00 in a research report on Thursday, March 5th. Finally, UBS Group boosted their price target on Splunk from $176.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $168.94.
Institutional investors and hedge funds have recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in shares of Splunk by 553.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 196 shares of the software company’s stock valued at $29,000 after purchasing an additional 166 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Splunk by 42.4% during the 4th quarter. Meeder Asset Management Inc. now owns 198 shares of the software company’s stock valued at $30,000 after acquiring an additional 59 shares during the period. Orion Portfolio Solutions LLC purchased a new position in Splunk during the 4th quarter valued at about $35,000. Golden State Wealth Management LLC purchased a new position in Splunk during the 1st quarter valued at about $30,000. Finally, Harbor Investment Advisory LLC raised its holdings in Splunk by 1,513.3% in the first quarter. Harbor Investment Advisory LLC now owns 242 shares of the software company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.
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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