Splunk (NASDAQ:SPLK) Director Thomas Neustaetter sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $61.22, for a total value of $91,830.00. Following the completion of the transaction, the director now directly owns 95,603 shares of the company’s stock, valued at approximately $5,852,816. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on SPLK. Analysts at Wedbush raised their price target on shares of Splunk (NASDAQ:SPLK) from $60.00 to $69.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Splunk (NASDAQ:SPLK) from $43.00 to $60.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Splunk (NASDAQ:SPLK) from $62.00 to $68.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.57.
Shares of Splunk (NASDAQ:SPLK) traded up 3.78% during mid-day trading on Friday, hitting $62.95. 1,324,379 shares of the company’s stock traded hands. Splunk has a 52-week low of $26.10 and a 52-week high of $63.77. The stock’s 50-day moving average is $56.80 and its 200-day moving average is $48.05. The company’s market cap is $6.660 billion.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.02. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $62.97 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 50.3% on a year-over-year basis.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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