Insider Selling: Splunk Inc. (NASDAQ:SPLK) CAO Sells 358 Shares of Stock

Splunk Inc. (NASDAQ:SPLK) CAO Timothy Emanuelson sold 358 shares of the firm’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $151.02, for a total transaction of $54,065.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Timothy Emanuelson also recently made the following trade(s):

  • On Monday, August 16th, Timothy Emanuelson sold 363 shares of Splunk stock. The stock was sold at an average price of $147.16, for a total transaction of $53,419.08.
  • On Friday, July 16th, Timothy Emanuelson sold 362 shares of Splunk stock. The stock was sold at an average price of $134.68, for a total value of $48,754.16.

Shares of SPLK stock traded down $5.02 during midday trading on Monday, reaching $146.76. 1,594,282 shares of the company were exchanged, compared to its average volume of 2,238,244. Splunk Inc. has a 12 month low of $110.28 and a 12 month high of $222.19. The company has a market cap of $23.71 billion, a P/E ratio of -19.97 and a beta of 1.22. The company’s 50 day moving average price is $146.38 and its two-hundred day moving average price is $135.94. The company has a debt-to-equity ratio of 1.87, a quick ratio of 2.16 and a current ratio of 2.16.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Tuesday, August 24th. The software company reported ($0.62) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.07. Splunk had a negative net margin of 49.60% and a negative return on equity of 55.19%. The company had revenue of $605.74 million for the quarter, compared to the consensus estimate of $563.27 million. During the same period in the previous year, the firm earned ($0.33) EPS. Splunk’s revenue was up 23.2% on a year-over-year basis. As a group, sell-side analysts predict that Splunk Inc. will post -5.71 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. raised its holdings in shares of Splunk by 1.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 6,305 shares of the software company’s stock worth $912,000 after purchasing an additional 73 shares in the last quarter. KB Financial Partners LLC raised its holdings in shares of Splunk by 17.8% in the 2nd quarter. KB Financial Partners LLC now owns 496 shares of the software company’s stock worth $72,000 after purchasing an additional 75 shares in the last quarter. San Francisco Sentry Investment Group CA raised its holdings in shares of Splunk by 19.6% during the second quarter. San Francisco Sentry Investment Group CA now owns 463 shares of the software company’s stock valued at $67,000 after acquiring an additional 76 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Splunk by 8.6% during the second quarter. Clearstead Advisors LLC now owns 998 shares of the software company’s stock valued at $144,000 after acquiring an additional 79 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its holdings in shares of Splunk by 1.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 6,738 shares of the software company’s stock valued at $974,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Several equities research analysts have recently issued reports on SPLK shares. Raymond James reduced their price objective on shares of Splunk from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, June 3rd. UBS Group raised shares of Splunk from a “neutral” rating to a “buy” rating and boosted their target price for the company from $137.00 to $175.00 in a research note on Wednesday, August 11th. Needham & Company LLC lifted their price objective on Splunk from $198.00 to $203.00 and gave the company a “buy” rating in a report on Thursday, August 26th. reduced their target price on shares of Splunk from $170.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, June 7th. Finally, Stifel Nicolaus reduced their target price on shares of Splunk from $160.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, June 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $175.10.

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.

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

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