Splunk Inc. (NASDAQ:SPLK) CEO Douglas Merritt Sells 8,114 Shares

Splunk Inc. (NASDAQ:SPLK) CEO Douglas Merritt sold 8,114 shares of Splunk stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $138.48, for a total value of $1,123,626.72. Following the sale, the chief executive officer now owns 341,240 shares of the company’s stock, valued at approximately $47,254,915.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Douglas Merritt also recently made the following trade(s):

  • On Tuesday, March 16th, Douglas Merritt sold 11,222 shares of Splunk stock. The shares were sold at an average price of $140.83, for a total transaction of $1,580,394.26.

Shares of SPLK opened at $138.79 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.43 and a quick ratio of 2.43. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of -27.81 and a beta of 1.44. Splunk Inc. has a 1 year low of $120.58 and a 1 year high of $225.89. The business’s 50 day simple moving average is $142.83 and its 200-day simple moving average is $173.57.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Tuesday, March 2nd. The software company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.35. The company had revenue of $745.08 million for the quarter, compared to the consensus estimate of $677.24 million. Splunk had a negative net margin of 34.77% and a negative return on equity of 34.13%. Splunk’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, sell-side analysts expect that Splunk Inc. will post -4 earnings per share for the current year.

SPLK has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Splunk in a research report on Tuesday, March 16th. They set an “outperform” rating and a $200.00 price objective on the stock. Needham & Company LLC reduced their price objective on Splunk from $275.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, March 10th. Oppenheimer restated an “outperform” rating and issued a $203.00 target price on shares of Splunk in a research report on Thursday, February 11th. Robert W. Baird decreased their price target on shares of Splunk from $215.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 10th. Finally, Barclays decreased their target price on shares of Splunk from $220.00 to $206.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have assigned a buy rating to the company. Splunk presently has an average rating of “Buy” and an average target price of $210.06.

Large investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC increased its position in Splunk by 4.8% during the fourth quarter. AE Wealth Management LLC now owns 1,320 shares of the software company’s stock valued at $224,000 after acquiring an additional 60 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Splunk by 37.7% during the fourth quarter. Bessemer Group Inc. now owns 219 shares of the software company’s stock valued at $37,000 after buying an additional 60 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Splunk by 2.0% during the 3rd quarter. IHT Wealth Management LLC now owns 3,184 shares of the software company’s stock worth $599,000 after acquiring an additional 63 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Splunk by 9.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 883 shares of the software company’s stock valued at $150,000 after acquiring an additional 73 shares during the period. Finally, Wunderlich Capital Managemnt grew its position in Splunk by 0.8% in the 4th quarter. Wunderlich Capital Managemnt now owns 10,317 shares of the software company’s stock valued at $1,753,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

About Splunk

Splunk Inc develops and markets software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company offers Splunk Enterprise, a real-time data platform, which include collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud, a cloud service for machine data.

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

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