Splunk Inc (SPLK) SVP Leonard R. Stein Sells 13,890 Shares

Splunk Inc (NASDAQ:SPLK) SVP Leonard R. Stein sold 13,890 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $117.92, for a total value of $1,637,908.80. Following the completion of the sale, the senior vice president now directly owns 118,263 shares of the company’s stock, valued at $13,945,572.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Splunk traded up $1.60, reaching $119.27, during midday trading on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 91,371 shares, compared to its average volume of 1,781,704. Splunk Inc has a fifty-two week low of $54.17 and a fifty-two week high of $119.83. The company has a market cap of $16.98 billion, a P/E ratio of -92.02 and a beta of 1.83.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, May 24th. The software company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Splunk had a negative return on equity of 33.11% and a negative net margin of 20.72%. The company had revenue of $311.60 million during the quarter, compared to the consensus estimate of $297.58 million. During the same quarter last year, the company earned ($0.01) earnings per share. Splunk’s quarterly revenue was up 37.4% compared to the same quarter last year. equities analysts anticipate that Splunk Inc will post -1.27 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in SPLK. Aperio Group LLC increased its position in shares of Splunk by 14.6% in the fourth quarter. Aperio Group LLC now owns 14,796 shares of the software company’s stock valued at $1,226,000 after buying an additional 1,884 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Splunk in the fourth quarter valued at $102,000. Teacher Retirement System of Texas increased its position in shares of Splunk by 234.7% in the fourth quarter. Teacher Retirement System of Texas now owns 37,614 shares of the software company’s stock valued at $3,116,000 after buying an additional 26,377 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Splunk by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 236,333 shares of the software company’s stock valued at $19,578,000 after buying an additional 12,143 shares in the last quarter. Finally, Gradient Investments LLC increased its position in shares of Splunk by 19.7% in the fourth quarter. Gradient Investments LLC now owns 6,650 shares of the software company’s stock valued at $551,000 after buying an additional 1,096 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies increased their price objective on Splunk from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, May 21st. Jefferies Financial Group increased their price objective on Splunk to $136.00 and gave the company a “buy” rating in a report on Friday, May 25th. BTIG Research increased their price objective on Splunk to $130.00 and gave the company a “buy” rating in a report on Friday, May 25th. Deutsche Bank increased their price objective on Splunk from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 25th. Finally, Maxim Group increased their price objective on Splunk to $126.00 and gave the company a “buy” rating in a report on Friday, May 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.71.

Splunk Company Profile

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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

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