Splunk Inc (NASDAQ:SPLK) Director Graham Smith Sells 10,000 Shares

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Splunk Inc (NASDAQ:SPLK) Director Graham Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $148.64, for a total value of $1,486,400.00. Following the completion of the transaction, the director now owns 45,179 shares of the company’s stock, valued at $6,715,406.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Splunk stock traded down $1.18 on Monday, reaching $148.04. 2,288,396 shares of the company were exchanged, compared to its average volume of 1,839,169. Splunk Inc has a one year low of $90.08 and a one year high of $152.68. The company has a market capitalization of $22.58 billion, a price-to-earnings ratio of -93.11 and a beta of 2.10. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $125.75 and a 200 day moving average of $124.03.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 21st. The software company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Splunk had a negative return on equity of 11.72% and a negative net margin of 14.24%. The company had revenue of $626.00 million for the quarter, compared to analysts’ expectations of $605.20 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 30.1% compared to the same quarter last year. Analysts predict that Splunk Inc will post -0.86 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Splunk by 8.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,287,809 shares of the software company’s stock worth $3,054,191,000 after purchasing an additional 1,942,047 shares in the last quarter. Vanguard Group Inc. raised its stake in Splunk by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 13,535,699 shares of the software company’s stock valued at $1,702,114,000 after acquiring an additional 370,125 shares during the period. Pictet Asset Management Ltd. raised its stake in Splunk by 6.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,987,276 shares of the software company’s stock valued at $352,080,000 after acquiring an additional 171,422 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Splunk by 19.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,688,527 shares of the software company’s stock valued at $199,010,000 after acquiring an additional 280,294 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Splunk by 7.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,404,517 shares of the software company’s stock valued at $176,618,000 after acquiring an additional 93,101 shares during the period. Institutional investors own 93.49% of the company’s stock.

Several equities analysts recently issued reports on the company. UBS Group set a $150.00 price objective on Splunk and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Co upped their price target on Splunk from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. ValuEngine downgraded Splunk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies assumed coverage on Splunk in a research report on Friday, November 8th. They set an “overweight” rating and a $160.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Splunk in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-eight have assigned a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and a consensus target price of $156.50.

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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