Splunk (SPLK) SVP Leonard R. Stein Sells 4,165 Shares

Splunk (NASDAQ:SPLK) SVP Leonard R. Stein sold 4,165 shares of the company’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $97.78, for a total value of $407,253.70. Following the sale, the senior vice president now owns 125,768 shares of the company’s stock, valued at approximately $12,297,595.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ SPLK opened at $97.46 on Friday. The stock has a market capitalization of $14,291.02, a PE ratio of -74.40 and a beta of 1.85. Splunk has a twelve month low of $54.17 and a twelve month high of $112.66.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPLK. Comerica Bank boosted its stake in shares of Splunk by 22.6% in the third quarter. Comerica Bank now owns 10,343 shares of the software company’s stock worth $686,000 after acquiring an additional 1,910 shares during the period. Russell Investments Group Ltd. boosted its stake in Splunk by 9.5% during the third quarter. Russell Investments Group Ltd. now owns 44,454 shares of the software company’s stock valued at $2,953,000 after buying an additional 3,865 shares during the last quarter. Legal & General Group Plc boosted its stake in Splunk by 5.0% during the third quarter. Legal & General Group Plc now owns 574,909 shares of the software company’s stock valued at $38,191,000 after buying an additional 27,171 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Splunk by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 422,355 shares of the software company’s stock valued at $28,058,000 after buying an additional 22,286 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Splunk by 8.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 20,057 shares of the software company’s stock valued at $1,332,000 after buying an additional 1,500 shares during the last quarter.

A number of analysts recently commented on the company. Piper Jaffray reiterated a “buy” rating and set a $105.00 price objective on shares of Splunk in a research report on Tuesday, February 27th. Jefferies Group reiterated a “buy” rating and set a $111.00 price objective on shares of Splunk in a research report on Friday, March 2nd. Stephens reiterated a “buy” rating and set a $115.00 price objective on shares of Splunk in a research report on Friday, March 2nd. UBS upped their price objective on Splunk from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. Finally, Maxim Group upped their price objective on Splunk from $96.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. Six research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Splunk has a consensus rating of “Buy” and an average target price of $99.41.

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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. 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.

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