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

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Splunk (NASDAQ:SPLK) Director Thomas M. Neustaetter unloaded 1,500 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $63.32, for a total transaction of $94,980.00. Following the completion of the sale, the director now directly owns 52,103 shares in the company, valued at approximately $3,299,162. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on SPLK shares. Analysts at Credit Agricole upgraded shares of Splunk from an “outperform” rating to a “buy” rating in a research note on Thursday, April 17th. They now have a $80.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of Splunk in a research note on Monday, March 31st. They set an “outperform” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.20.

Shares of Splunk (NASDAQ:SPLK) traded down 3.61% during mid-day trading on Thursday, hitting $59.23. The stock had a trading volume of 5,449,423 shares. Splunk has a 52-week low of $40.48 and a 52-week high of $106.15. The stock has a 50-day moving average of $74.4 and a 200-day moving average of $72.3. The company’s market cap is $6.983 billion.

Splunk (NASDAQ:SPLK) last released its earnings data on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.02. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $90.36 million. During the same quarter last year, the company posted $0.03 earnings per share. Splunk’s revenue was up 53.2% compared to the same quarter last year.

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

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