Splunk Inc (NASDAQ:SPLK) SVP Timothy Tully sold 4,624 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.59, for a total value of $534,488.16. Following the completion of the sale, the senior vice president now owns 117,261 shares of the company’s stock, valued at $13,554,198.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Timothy Tully also recently made the following trade(s):
- On Friday, April 5th, Timothy Tully sold 6,655 shares of Splunk stock. The stock was sold at an average price of $128.06, for a total value of $852,239.30.
SPLK stock opened at $118.24 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.29. The stock has a market cap of $17.53 billion, a PE ratio of -74.36 and a beta of 2.15. Splunk Inc has a fifty-two week low of $83.69 and a fifty-two week high of $143.70.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.08). Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. The company had revenue of $424.90 million for the quarter, compared to analyst estimates of $395.92 million. During the same period last year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. As a group, equities research analysts anticipate that Splunk Inc will post -0.99 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc boosted its position in Splunk by 0.3% during the third quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock valued at $1,508,569,000 after purchasing an additional 37,885 shares during the last quarter. BlackRock Inc. boosted its position in Splunk by 5.1% during the first quarter. BlackRock Inc. now owns 8,494,532 shares of the software company’s stock valued at $1,058,421,000 after purchasing an additional 408,840 shares during the last quarter. Clearbridge Investments LLC boosted its position in Splunk by 2.3% during the first quarter. Clearbridge Investments LLC now owns 4,766,131 shares of the software company’s stock valued at $593,860,000 after purchasing an additional 104,910 shares during the last quarter. Wellington Management Group LLP boosted its position in Splunk by 63.6% during the first quarter. Wellington Management Group LLP now owns 3,372,991 shares of the software company’s stock valued at $420,275,000 after purchasing an additional 1,311,025 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in Splunk by 28.9% during the first quarter. Pictet Asset Management Ltd. now owns 2,598,685 shares of the software company’s stock valued at $323,796,000 after purchasing an additional 582,919 shares during the last quarter.
Several equities research analysts have issued reports on SPLK shares. BidaskClub downgraded Splunk from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Wedbush increased their price target on Splunk from $159.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Northland Securities restated a “buy” rating and issued a $160.00 price target on shares of Splunk in a report on Friday, May 24th. Mizuho started coverage on Splunk in a report on Wednesday, March 13th. They issued a “buy” rating and a $150.00 price target for the company. Finally, Barclays increased their price target on Splunk from $154.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $144.27.
Splunk Company Profile
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.
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