Insider Selling: Splunk Inc. (NASDAQ:SPLK) CFO Sells 10,525 Shares of Stock

Splunk Inc. (NASDAQ:SPLK) CFO David F. Conte sold 10,525 shares of Splunk stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $66.03, for a total value of $694,965.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Splunk Inc. (SPLK) traded down 1.07% on Friday, hitting $67.22. 1,281,909 shares of the stock traded hands. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The firm’s market cap is $9.35 billion. The stock has a 50-day moving average price of $62.59 and a 200 day moving average price of $61.87.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $279.96 million during the quarter, compared to the consensus estimate of $268.72 million. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The firm’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. Equities research analysts predict that Splunk Inc. will post $0.54 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by BBNS and is the property of of BBNS. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://baseballnewssource.com/markets/insider-selling-splunk-inc-splk-cfo-sells-694965-75-in-stock/1566510.html.

Hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors increased its position in shares of Splunk by 28.0% in the first quarter. Nationwide Fund Advisors now owns 159,900 shares of the software company’s stock valued at $9,960,000 after acquiring an additional 34,950 shares during the period. Gofen & Glossberg LLC IL increased its position in shares of Splunk by 0.6% in the first quarter. Gofen & Glossberg LLC IL now owns 32,259 shares of the software company’s stock valued at $2,009,000 after acquiring an additional 200 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Splunk in the first quarter valued at about $1,044,000. Advisors Asset Management Inc. increased its position in shares of Splunk by 7.3% in the second quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock valued at $863,000 after acquiring an additional 1,032 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Splunk by 1.2% in the second quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock valued at $31,160,000 after acquiring an additional 6,713 shares during the period.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised Splunk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Cowen and Company reissued a “buy” rating on shares of Splunk in a research report on Friday, August 18th. MKM Partners reissued a “neutral” rating and set a $63.00 price target (up previously from $60.00) on shares of Splunk in a research report on Tuesday, May 30th. Stifel Nicolaus reissued a “hold” rating and set a $61.00 price target on shares of Splunk in a research report on Sunday, May 28th. Finally, Guggenheim raised Splunk from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $70.00 in a research report on Thursday, June 22nd. Twelve analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Splunk has a consensus rating of “Buy” and a consensus target price of $72.76.

Splunk Company Profile

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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

Receive News & Ratings for Splunk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.