Insider Selling: Splunk Director Unloads 1,500 Shares of Stock (SPLK)

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Splunk (NASDAQ:SPLK) Director Thomas M. Neustaetter sold 1,500 shares of Splunk stock on the open market in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $82.64, for a total transaction of $123,960.00. Following the sale, the director now directly owns 71,603 shares of the company’s stock, valued at approximately $5,917,272. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Splunk (NASDAQ:SPLK) traded down 0.51% during mid-day trading on Thursday, hitting $81.82. 4,217,240 shares of the company’s stock traded hands. Splunk has a 52 week low of $32.31 and a 52 week high of $83.97. The stock’s 50-day moving average is $72.28 and its 200-day moving average is $61.18. The company’s market cap is $8.777 billion.

A number of analysts have recently weighed in on SPLK shares. Analysts at Deutsche Bank initiated coverage on shares of Splunk in a research note to investors on Wednesday. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Splunk from $72.00 to $90.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald set a $90.00 price target on shares of Splunk in a research note to investors on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $71.86.

Splunk Inc (NASDAQ:SPLK) provides a software platform.

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