Splunk Inc (NASDAQ:SPLK) General Counsel Scott Morgan sold 1,366 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $124.49, for a total value of $170,053.34. Following the sale, the general counsel now owns 46,807 shares of the company’s stock, valued at $5,827,003.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of SPLK stock traded up $0.90 during trading hours on Friday, hitting $127.32. 1,937,973 shares of the company were exchanged, compared to its average volume of 1,798,788. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.14. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70. The firm has a market cap of $18.81 billion, a P/E ratio of -80.08 and a beta of 2.05.
Several hedge funds have recently modified their holdings of the company. Taylor Frigon Capital Management LLC increased its stake in shares of Splunk by 0.5% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 17,800 shares of the software company’s stock worth $1,866,000 after purchasing an additional 87 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Splunk by 0.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,282 shares of the software company’s stock valued at $1,183,000 after buying an additional 90 shares in the last quarter. Utah Retirement Systems grew its stake in Splunk by 0.4% in the 4th quarter. Utah Retirement Systems now owns 27,100 shares of the software company’s stock valued at $2,841,000 after buying an additional 100 shares in the last quarter. ETRADE Capital Management LLC grew its stake in Splunk by 1.7% in the 4th quarter. ETRADE Capital Management LLC now owns 6,182 shares of the software company’s stock valued at $648,000 after buying an additional 104 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in Splunk by 6.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,955 shares of the software company’s stock valued at $205,000 after buying an additional 118 shares in the last quarter. Institutional investors own 93.95% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. ValuEngine raised shares of Splunk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 5th. Piper Jaffray Companies dropped their price target on shares of Splunk to $120.00 and set an “overweight” rating on the stock in a research report on Monday, November 26th. Guggenheim started coverage on shares of Splunk in a research report on Monday, December 10th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Morgan Stanley set a $121.00 price target on shares of Splunk and gave the company a “hold” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Splunk presently has an average rating of “Buy” and an average price target of $141.94.
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Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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