Splunk Inc (NASDAQ:SPLK) SVP Leonard R. Stein sold 8,344 shares of Splunk stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $125.28, for a total transaction of $1,045,336.32. Following the sale, the senior vice president now directly owns 75,833 shares of the company’s stock, valued at $9,500,358.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of SPLK stock traded up $0.90 during mid-day trading on Friday, reaching $127.32. The stock had a trading volume of 1,937,973 shares, compared to its average volume of 1,798,788. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of -80.08 and a beta of 2.05. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.14.
Several hedge funds have recently added to or reduced their stakes in SPLK. Robeco Institutional Asset Management B.V. increased its position in shares of Splunk by 16.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 35,839 shares of the software company’s stock valued at $4,332,000 after acquiring an additional 5,016 shares during the period. Comerica Bank increased its position in shares of Splunk by 93.1% in the third quarter. Comerica Bank now owns 21,086 shares of the software company’s stock valued at $2,047,000 after acquiring an additional 10,167 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Splunk in the third quarter valued at about $169,000. Janney Montgomery Scott LLC increased its position in shares of Splunk by 88.7% in the third quarter. Janney Montgomery Scott LLC now owns 7,401 shares of the software company’s stock valued at $895,000 after acquiring an additional 3,478 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Splunk by 35.3% in the third quarter. Commonwealth Equity Services LLC now owns 7,362 shares of the software company’s stock valued at $890,000 after acquiring an additional 1,919 shares during the period. Hedge funds and other institutional investors own 93.95% of the company’s stock.
SPLK has been the subject of several recent research reports. Zacks Investment Research raised shares of Splunk from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, December 12th. Cowen reissued a “buy” rating and issued a $133.00 price target on shares of Splunk in a research note on Sunday, December 2nd. Bank of America reissued a “buy” rating and issued a $143.00 price target (up from $140.00) on shares of Splunk in a research note on Friday, November 30th. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Finally, ValuEngine downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $141.94.
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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