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

Splunk Inc. (NASDAQ:SPLK) Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $56.10, for a total value of $2,244,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, January 9th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $55.85, for a total value of $2,234,000.00.
  • On Wednesday, January 11th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The shares were sold at an average price of $56.40, for a total value of $6,768,000.00.
  • On Monday, December 12th, Godfrey Sullivan sold 48,750 shares of Splunk stock. The shares were sold at an average price of $56.36, for a total value of $2,747,550.00.
  • On Tuesday, December 13th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $57.17, for a total value of $2,286,800.00.
  • On Wednesday, December 14th, Godfrey Sullivan sold 128,750 shares of Splunk stock. The shares were sold at an average price of $56.41, for a total value of $7,262,787.50.
  • On Tuesday, November 15th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $59.48, for a total value of $2,379,200.00.
  • On Monday, November 14th, Godfrey Sullivan sold 40,000 shares of Splunk stock. The shares were sold at an average price of $58.46, for a total value of $2,338,400.00.
  • On Wednesday, November 16th, Godfrey Sullivan sold 120,000 shares of Splunk stock. The shares were sold at an average price of $59.33, for a total value of $7,119,600.00.

Splunk Inc. (NASDAQ:SPLK) opened at 56.33 on Friday. The company’s market cap is $7.64 billion. The company has a 50-day moving average price of $55.41 and a 200 day moving average price of $58.46. Splunk Inc. has a 52 week low of $29.85 and a 52 week high of $65.75.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Tuesday, November 29th. The software company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The firm had revenue of $245 million for the quarter. Splunk had a negative net margin of 41.72% and a negative return on equity of 41.28%. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. On average, equities research analysts forecast that Splunk Inc. will post $0.32 EPS for the current fiscal year.

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

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A number of research analysts have issued reports on the company. Wedbush reiterated a “buy” rating and set a $75.00 price objective (up previously from $72.00) on shares of Splunk in a research note on Wednesday, November 30th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $60.00 price objective on shares of Splunk in a research note on Wednesday, November 30th. MKM Partners reiterated a “neutral” rating and set a $60.00 price objective (up previously from $55.00) on shares of Splunk in a research note on Thursday, December 1st. Jefferies Group reiterated a “buy” rating and set a $81.00 price objective on shares of Splunk in a research note on Wednesday, November 30th. Finally, Pacific Crest reiterated an “overweight” rating on shares of Splunk in a research note on Wednesday, November 30th. Ten investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its position in shares of Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock worth $128,000 after buying an additional 123 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Splunk during the second quarter worth $157,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Splunk by 5.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,397 shares of the software company’s stock worth $199,000 after buying an additional 177 shares in the last quarter. Seven Eight Capital LLC bought a new position in shares of Splunk during the second quarter worth $193,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of Splunk during the third quarter worth $210,000. 97.75% of the stock is currently owned by hedge funds and other institutional investors.

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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