Splunk Inc (NASDAQ:SPLK) Insider Sells $2,443,776.02 in Stock

Splunk Inc (NASDAQ:SPLK) insider Ledger Susan St. sold 13,931 shares of Splunk stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $175.42, for a total value of $2,443,776.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Friday, June 12th, Ledger Susan St. sold 18,739 shares of Splunk stock. The stock was sold at an average price of $178.88, for a total value of $3,352,032.32.
  • On Monday, June 1st, Ledger Susan St. sold 4,664 shares of Splunk stock. The stock was sold at an average price of $187.95, for a total value of $876,598.80.
  • On Friday, May 22nd, Ledger Susan St. sold 2,047 shares of Splunk stock. The stock was sold at an average price of $174.95, for a total value of $358,122.65.
  • On Wednesday, May 20th, Ledger Susan St. sold 2,047 shares of Splunk stock. The stock was sold at an average price of $163.19, for a total value of $334,049.93.
  • On Wednesday, April 8th, Ledger Susan St. sold 3,127 shares of Splunk stock. The shares were 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 shares were 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.

Shares of NASDAQ SPLK opened at $187.16 on Friday. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of -59.60 and a beta of 1.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.27 and a quick ratio of 2.27. The business has a 50-day moving average of $168.64 and a two-hundred day moving average of $149.83. Splunk Inc has a 1 year low of $93.92 and a 1 year high of $192.75.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, May 21st. The software company reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.01. The company had revenue of $434.08 million during the quarter, compared to the consensus estimate of $443.60 million. Splunk had a negative return on equity of 17.40% and a negative net margin of 20.56%. Splunk’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. As a group, equities research analysts expect that Splunk Inc will post -3.31 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPLK. Jennison Associates LLC lifted its holdings in shares of 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 purchasing an additional 473,790 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Splunk by 0.9% in the 1st quarter. Clearbridge Investments LLC now owns 4,845,224 shares of the software company’s stock valued at $611,613,000 after purchasing an additional 44,910 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of 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 purchasing an additional 205,113 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of 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 purchasing an additional 597,306 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 149,291 shares during the last quarter. 92.86% of the stock is owned by institutional investors.

SPLK has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Splunk from $150.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Monness Crespi & Hardt downgraded Splunk from a “buy” rating to a “neutral” rating in a research report on Thursday, March 5th. Wells Fargo & Co restated a “buy” rating and issued a $200.00 target price on shares of Splunk in a research report on Thursday, March 5th. JPMorgan Chase & Co. lifted their target price on Splunk from $174.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, Deutsche Bank dropped their price objective on Splunk from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, April 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $178.22.

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.

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