Insider Selling: Splunk Inc (NASDAQ:SPLK) SVP Sells 4,391 Shares of Stock

Splunk Inc (NASDAQ:SPLK) SVP Timothy Tully sold 4,391 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $115.21, for a total transaction of $505,887.11. The transaction was disclosed in a filing with the SEC, which is available through this link.

SPLK traded up $0.02 on Thursday, hitting $113.91. The company’s stock had a trading volume of 1,714,876 shares, compared to its average volume of 1,822,835. The company’s 50 day simple moving average is $122.95 and its 200-day simple moving average is $126.88. The firm has a market cap of $17.24 billion, a P/E ratio of -71.64 and a beta of 2.04. Splunk Inc has a 12 month low of $83.69 and a 12 month high of $143.70. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.30.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Wednesday, August 21st. The software company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.16. The company had revenue of $516.56 million during the quarter, compared to the consensus estimate of $488.97 million. Splunk had a negative net margin of 15.16% and a negative return on equity of 12.73%. Splunk’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. Equities analysts predict that Splunk Inc will post -0.87 earnings per share for the current fiscal year.

SPLK has been the subject of a number of research reports. Maxim Group set a $148.00 target price on shares of Splunk and gave the company a “buy” rating in a research report on Thursday, September 5th. Goldman Sachs Group increased their target price on shares of Splunk from $131.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Piper Jaffray Companies reissued an “overweight” rating and set a $160.00 target price on shares of Splunk in a research report on Monday, June 24th. Citigroup reduced their target price on shares of Splunk from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Friday, August 23rd. Finally, Guggenheim reduced their target price on shares of Splunk from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $145.42.

A number of large investors have recently made changes to their positions in SPLK. Geode Capital Management LLC boosted its holdings in Splunk by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,338,165 shares of the software company’s stock valued at $140,208,000 after purchasing an additional 42,563 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Splunk by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 166,204 shares of the software company’s stock valued at $17,425,000 after purchasing an additional 8,366 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Splunk in the 1st quarter valued at $203,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Splunk during the 1st quarter valued at $258,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Splunk during the 1st quarter valued at $202,000. 92.16% of the stock is owned by hedge funds and other institutional investors.

About Splunk

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.

Featured Story: Gap Up Stocks

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

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