Splunk (SPLK) CFO David F. Conte Sells 20,199 Shares of Stock

Splunk (NASDAQ:SPLK) CFO David F. Conte sold 20,199 shares of Splunk stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $97.88, for a total transaction of $1,977,078.12. Following the transaction, the chief financial officer now directly owns 168,243 shares of the company’s stock, valued at $16,467,624.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Splunk stock traded down $0.74 during trading on Friday, reaching $98.71. The company’s stock had a trading volume of 124,866 shares, compared to its average volume of 1,865,316. Splunk has a 52 week low of $54.17 and a 52 week high of $112.66. The stock has a market cap of $14,291.02, a PE ratio of -75.92 and a beta of 1.85.

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Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.42%. The business had revenue of $419.70 million during the quarter, compared to analysts’ expectations of $390.79 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Splunk’s revenue was up 37.0% compared to the same quarter last year. equities analysts anticipate that Splunk will post -1.14 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of SPLK. Two Sigma Advisers LP lifted its position in Splunk by 93.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,454,773 shares of the software company’s stock worth $120,513,000 after purchasing an additional 703,500 shares during the period. Carillon Tower Advisers Inc. bought a new stake in Splunk during the fourth quarter worth about $34,127,000. Two Sigma Investments LP lifted its position in Splunk by 42.8% during the fourth quarter. Two Sigma Investments LP now owns 1,205,331 shares of the software company’s stock worth $99,850,000 after purchasing an additional 361,491 shares during the period. BlackRock Inc. lifted its position in Splunk by 4.2% during the fourth quarter. BlackRock Inc. now owns 7,517,442 shares of the software company’s stock worth $622,742,000 after purchasing an additional 302,410 shares during the period. Finally, Garelick Capital Partners LP bought a new stake in Splunk during the fourth quarter worth about $22,418,000.

SPLK has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Barclays raised shares of Splunk from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $105.00 in a research report on Monday, January 8th. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Deutsche Bank lifted their price objective on shares of Splunk to $100.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Finally, BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $99.41.

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About Splunk

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company's products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service.

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

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