Splunk Inc (NASDAQ:SPLK) CEO Douglas Merritt sold 14,634 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $186.92, for a total value of $2,735,387.28. Following the completion of the sale, the chief executive officer now owns 289,202 shares in the company, valued at approximately $54,057,637.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Douglas Merritt also recently made the following trade(s):
- On Monday, August 31st, Douglas Merritt sold 13,709 shares of Splunk stock. The shares were sold at an average price of $218.10, for a total value of $2,989,932.90.
NASDAQ SPLK opened at $185.35 on Wednesday. The stock’s 50-day simple moving average is $203.28 and its two-hundred day simple moving average is $169.90. Splunk Inc has a twelve month low of $93.92 and a twelve month high of $225.89. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $29.73 billion, a price-to-earnings ratio of -45.10 and a beta of 1.55.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Wednesday, August 26th. The software company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.12) by $0.79. The business had revenue of $491.66 million for the quarter, compared to the consensus estimate of $520.28 million. Splunk had a negative return on equity of 25.57% and a negative net margin of 27.62%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, equities analysts expect that Splunk Inc will post -3.47 earnings per share for the current fiscal year.
A number of research firms have commented on SPLK. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Barclays increased their price objective on Splunk from $195.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. They noted that the move was a valuation call. Goldman Sachs Group increased their price objective on Splunk from $203.00 to $254.00 in a research note on Monday, June 29th. Piper Sandler increased their price target on Splunk from $185.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Royal Bank of Canada increased their price target on Splunk from $210.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-three have given a buy rating to the stock. Splunk presently has a consensus rating of “Buy” and a consensus price target of $225.19.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SPLK. IBM Retirement Fund increased its position in shares of Splunk by 1.1% during the second quarter. IBM Retirement Fund now owns 4,975 shares of the software company’s stock worth $989,000 after acquiring an additional 52 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Splunk by 13.5% in the second quarter. Flagship Harbor Advisors LLC now owns 463 shares of the software company’s stock valued at $91,000 after acquiring an additional 55 shares during the period. Wealthsource Partners LLC raised its stake in shares of Splunk by 3.6% in the second quarter. Wealthsource Partners LLC now owns 1,727 shares of the software company’s stock valued at $343,000 after purchasing an additional 60 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Splunk by 2.5% in the first quarter. FinTrust Capital Advisors LLC now owns 2,785 shares of the software company’s stock valued at $351,000 after purchasing an additional 67 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Splunk by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,570 shares of the software company’s stock valued at $3,802,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Splunk Company Profile
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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