Splunk Inc (SPLK): Steven R Sommer , SVP & Chief Marketing Officer of Splunk Inc sold 5,000 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $58.89 per share for a total value of $293,298.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 13, 2016, Godfrey Sullivan (director) sold 120,000 shares at $58.28 per share price.On Jul 13, 2016, Leonard R Stein (SVP, General Counsel & Sec.) sold 7,000 shares at $59.00 per share price.Also, On Jun 22, 2016, Steven R Sommer (SVP & Chief Marketing Officer) sold 465 shares at $58.51 per share price.On Jan 13, 2016, Guido Schroeder (SVP, Products) sold 10,000 shares at $51.60 per share price.
Shares of Splunk Inc (SPLK) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -1.14% at $58.04 with 12,95,491 shares getting traded. Post opening the session at $58.79, the shares hit an intraday low of $58 and an intraday high of $59.6492 and the price vacillated in this range throughout the day. The company has a market cap of $7,712 M and the number of outstanding shares has been calculated to be 13,28,79,875 shares. The 52-week high of Splunk Inc is $76.85 and the 52-week low is $29.85.
Company has been under the radar of several Street Analysts.Splunk Inc is Downgraded by Citigroup to Neutral and the brokerage firm has set the Price Target at $62. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 20, 2016.Splunk Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $56 .The Rating was issued on Jun 16, 2016.Splunk Inc is Reiterated by BMO Capital Markets to Outperform and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $58 .The Rating was issued on Jun 15, 2016.Splunk Inc is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 75 from a previous price target of $72 .The Rating was issued on May 27, 2016.Splunk Inc is Reiterated by BMO Capital Markets to Outperform and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $55 .The Rating was issued on May 27, 2016.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Company’s products allow users to collect index search explore monitor and analyze data regardless of format or source. The Company’s products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Company’s flagship product is Splunk Enterprise which is a machine data engine consisting of collection indexing search reporting analysis alerting and monitoring and data management capabilities. The Company’s Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition the Company offers user behavioral analytics to help detect respond to and mitigate advanced hidden and insider threats.