Splunk (NASDAQ:SPLK) Director Thomas Neustaetter unloaded 1,500 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $70.60, for a total value of $105,900.00. Following the completion of the sale, the director now directly owns 77,603 shares of the company’s stock, valued at approximately $5,478,772. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
SPLK has been the subject of a number of recent research reports. Analysts at Oppenheimer initiated coverage on shares of Splunk in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $80.00 price target on the stock. Separately, analysts at FBN Securities raised their price target on shares of Splunk from $65.00 to $75.00 in a research note to investors on Friday, November 22nd. Finally, analysts at Susquehanna raised their price target on shares of Splunk from $67.00 to $74.00 in a research note to investors on Friday, November 22nd. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $68.27.
Splunk (NASDAQ:SPLK) opened at 68.99 on Monday. Splunk has a 1-year low of $28.08 and a 1-year high of $74.97. The stock has a 50-day moving average of $67.5 and a 200-day moving average of $57.42. The company’s market cap is $7.400 billion.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.