Scott Morgan Sells 1,131 Shares of Splunk Inc (NASDAQ:SPLK) Stock

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Splunk Inc (NASDAQ:SPLK) SVP Scott Morgan sold 1,131 shares of Splunk stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $150.00, for a total transaction of $169,650.00. Following the completion of the sale, the senior vice president now owns 53,741 shares in the company, valued at approximately $8,061,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SPLK stock opened at $148.09 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Splunk Inc has a twelve month low of $90.08 and a twelve month high of $152.68. The company’s 50-day moving average price is $126.30 and its 200-day moving average price is $124.09. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of -93.14 and a beta of 2.10.

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

Several research analysts recently weighed in on SPLK shares. Credit Suisse Group restated a “buy” rating and set a $150.00 price target on shares of Splunk in a research report on Sunday, November 24th. Goldman Sachs Group upgraded Splunk from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $147.00 to $180.00 in a research note on Monday. UBS Group set a $150.00 target price on Splunk and gave the company a “buy” rating in a report on Thursday, September 26th. ValuEngine downgraded Splunk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Mizuho lifted their price target on Splunk from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $156.50.

A number of large investors have recently bought and sold shares of SPLK. Nisa Investment Advisors LLC increased its holdings in shares of Splunk by 46.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,669 shares of the software company’s stock worth $1,216,000 after buying an additional 3,050 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Splunk by 13.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,190 shares of the software company’s stock valued at $1,029,000 after buying an additional 942 shares during the period. FDx Advisors Inc. lifted its holdings in Splunk by 5.4% in the second quarter. FDx Advisors Inc. now owns 1,860 shares of the software company’s stock valued at $234,000 after acquiring an additional 95 shares during the last quarter. Manchester Financial Inc. acquired a new position in Splunk in the second quarter valued at approximately $29,000. Finally, Whittier Trust Co. grew its position in Splunk by 115.0% in the second quarter. Whittier Trust Co. now owns 273 shares of the software company’s stock worth $34,000 after acquiring an additional 146 shares during the period. Institutional investors own 93.49% of the company’s stock.

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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