Timothy Emanuelson Sells 1,131 Shares of Splunk Inc (NASDAQ:SPLK) Stock

Splunk Inc (NASDAQ:SPLK) CAO Timothy Emanuelson sold 1,131 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $186.92, for a total value of $211,406.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ SPLK opened at $185.35 on Wednesday. Splunk Inc has a twelve month low of $93.92 and a twelve month high of $225.89. The stock has a market capitalization of $29.73 billion, a PE ratio of -45.10 and a beta of 1.55. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $203.28 and a 200-day simple moving average of $169.90.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Wednesday, August 26th. The software company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.12) by $0.79. Splunk had a negative return on equity of 25.57% and a negative net margin of 27.62%. The firm had revenue of $491.66 million during the quarter, compared to the consensus estimate of $520.28 million. During the same period in the prior year, the business earned $0.30 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, equities analysts predict that Splunk Inc will post -3.47 earnings per share for the current year.

A number of equities analysts have recently issued reports on SPLK shares. Mizuho reissued a “buy” rating and set a $225.00 price target (up previously from $205.00) on shares of Splunk in a research report on Thursday, August 27th. Credit Suisse Group raised their price objective on Splunk from $190.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. JMP Securities initiated coverage on Splunk in a report on Thursday, August 27th. They set an “outperform” rating and a $240.00 target price on the stock. Goldman Sachs Group raised their price objective on Splunk from $203.00 to $254.00 in a report on Monday, June 29th. Finally, Morgan Stanley lifted their price objective on Splunk from $246.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $225.19.

A number of large investors have recently bought and sold shares of SPLK. IBM Retirement Fund grew its position in Splunk by 1.1% in the second quarter. IBM Retirement Fund now owns 4,975 shares of the software company’s stock worth $989,000 after buying an additional 52 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Splunk by 13.5% during the second quarter. Flagship Harbor Advisors LLC now owns 463 shares of the software company’s stock worth $91,000 after buying an additional 55 shares during the last quarter. Wealthsource Partners LLC lifted its position in shares of Splunk by 3.6% during the second quarter. Wealthsource Partners LLC now owns 1,727 shares of the software company’s stock worth $343,000 after purchasing an additional 60 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in 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 buying an additional 67 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in Splunk by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,570 shares of the software company’s stock worth $3,802,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds 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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