Godfrey Sullivan Sells 40,000 Shares of Splunk Inc. (SPLK) Stock

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $59.48, for a total transaction of $2,379,200.00. Following the transaction, the director now directly owns 291,676 shares of the company’s stock, valued at $17,348,888.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Godfrey Sullivan also recently made the following trade(s):

  • On Monday, November 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $58.46, for a total transaction of $2,338,400.00.
  • On Wednesday, November 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The stock was sold at an average price of $59.33, for a total transaction of $7,119,600.00.
  • On Wednesday, October 12th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $57.66, for a total transaction of $2,306,400.00.
  • On Monday, October 10th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $61.49, for a total transaction of $2,459,600.00.
  • On Tuesday, October 11th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The stock was sold at an average price of $60.34, for a total transaction of $2,413,600.00.
  • On Wednesday, September 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The stock was sold at an average price of $58.93, for a total transaction of $7,587,237.50.

Shares of Splunk Inc. (NASDAQ:SPLK) traded up 0.90% during midday trading on Wednesday, hitting $60.32. The stock had a trading volume of 1,168,000 shares. The stock’s market cap is $8.12 billion. The stock’s 50-day moving average is $59.12 and its 200-day moving average is $57.94. Splunk Inc. has a 12 month low of $29.85 and a 12 month high of $66.90.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Splunk had a negative return on equity of 38.45% and a negative net margin of 42.84%. The company had revenue of $212.80 million for the quarter, compared to analyst estimates of $200.52 million. During the same period in the previous year, the company posted $0.03 earnings per share. The firm’s revenue was up 43.5% on a year-over-year basis. Equities analysts anticipate that Splunk Inc. will post $0.29 EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC raised its stake in Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock valued at $128,000 after buying an additional 123 shares in the last quarter. Advisor Group Inc. purchased a new stake in Splunk during the second quarter valued at $157,000. Mn Services Vermogensbeheer B.V. raised its stake in Splunk by 5.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,397 shares of the software company’s stock valued at $199,000 after buying an additional 177 shares in the last quarter. Seven Eight Capital LLC purchased a new stake in Splunk during the second quarter valued at $193,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Splunk during the third quarter valued at $210,000. Institutional investors own 98.36% of the company’s stock.

SPLK has been the subject of a number of recent research reports. Stifel Nicolaus cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. They noted that the move was a valuation call. Barclays PLC boosted their target price on shares of Splunk from $51.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, August 26th. Morgan Stanley boosted their target price on shares of Splunk from $58.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. Wedbush reissued an “outperform” rating and issued a $72.00 target price (up previously from $70.00) on shares of Splunk in a research report on Sunday, August 28th. Finally, Vetr cut shares of Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 target price for the company. in a research report on Tuesday, October 4th. Eleven research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Splunk presently has an average rating of “Buy” and a consensus price target of $67.50.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

5 Day Chart for NASDAQ:SPLK

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