Splunk (NASDAQ:SPLK) CEO Douglas Merritt sold 16,677 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $97.66, for a total value of $1,628,675.82. Following the sale, the chief executive officer now owns 318,894 shares of the company’s stock, valued at approximately $31,143,188.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Douglas Merritt also recently made the following trade(s):
- On Thursday, April 5th, Douglas Merritt sold 33,734 shares of Splunk stock. The stock was sold at an average price of $98.71, for a total value of $3,329,883.14.
- On Wednesday, March 14th, Douglas Merritt sold 28,513 shares of Splunk stock. The stock was sold at an average price of $106.30, for a total value of $3,030,931.90.
NASDAQ:SPLK opened at $97.46 on Friday. The company has a market capitalization of $14,291.02, a PE ratio of -74.40 and a beta of 1.85. Splunk has a 12-month low of $54.17 and a 12-month high of $112.66.
Several research firms recently weighed in on SPLK. ValuEngine upgraded Splunk from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub cut Splunk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 29th. Mizuho restated a “buy” rating and set a $120.00 target price on shares of Splunk in a research note on Wednesday, March 28th. Wedbush restated a “neutral” rating and set a $103.00 target price (up previously from $101.00) on shares of Splunk in a research note on Wednesday, March 28th. Finally, Jefferies Group restated a “buy” rating and set a $115.00 target price on shares of Splunk in a research note on Wednesday, March 28th. Six equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.41.
Several large investors have recently added to or reduced their stakes in SPLK. Two Sigma Advisers LP increased its holdings in shares of Splunk by 93.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,454,773 shares of the software company’s stock valued at $120,513,000 after purchasing an additional 703,500 shares during the period. Carillon Tower Advisers Inc. acquired a new position in shares of Splunk in the fourth quarter valued at approximately $34,127,000. Two Sigma Investments LP increased its holdings in shares of Splunk by 42.8% in the fourth quarter. Two Sigma Investments LP now owns 1,205,331 shares of the software company’s stock valued at $99,850,000 after purchasing an additional 361,491 shares during the period. BlackRock Inc. increased its holdings in shares of Splunk by 4.2% in the fourth quarter. BlackRock Inc. now owns 7,517,442 shares of the software company’s stock valued at $622,742,000 after purchasing an additional 302,410 shares during the period. Finally, Garelick Capital Partners LP acquired a new position in shares of Splunk in the fourth quarter valued at approximately $22,418,000.
ILLEGAL ACTIVITY WARNING: “Douglas Merritt Sells 16,677 Shares of Splunk (SPLK) Stock” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3337297/douglas-merritt-sells-16677-shares-of-splunk-splk-stock.html.
Splunk Company Profile
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.
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.