Splunk Inc (SPLK): Godfrey Sullivan , director of Splunk Inc sold 70,116 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $51.25 per share for a total value of $3,532,750.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Steven R Sommer (SVP & Chief Marketing Officer) sold 4,303 shares at $49.41 per share price.On Apr 19, 2016, Godfrey Sullivan (director) sold 120,384 shares at $50.08 per share price.Also, On Apr 6, 2016, Leonard R Stein (SVP, General Counsel & Sec.) sold 6,826 shares at $50.00 per share price.On Jan 13, 2016, Guido Schroeder (SVP, Products) sold 10,000 shares at $51.60 per share price.
Splunk Inc: On Wednesday, Apr 20, 2016 heightened volatility was witnessed in Splunk Inc which led to swings in the share price. The shares opened for trading at $50.91 and hit $52.89 on the upside , eventually ending the session at $51.57, with a gain of 3.74% or 1.86 points. The heightened volatility saw the trading volume jump to 17,24,923 shares. The 52-week high of the share price is $76.85 and the company has a market cap of $6,827 M . The 52-week low of the share price is at $29.85.
Company has been under the radar of several Street Analysts.Splunk Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 56 from a previous price target of $51 .The Rating was issued on Mar 22, 2016.Splunk Inc is Initiated by Macquarie to Outperform. The Rating was issued on Mar 4, 2016.Splunk Inc is Initiated by BMO Capital Markets to Outperform and the brokerage firm has set the Price Target at $55. The Rating was issued on Mar 4, 2016.Splunk Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 51 from a previous price target of $45 .The Rating was issued on Feb 26, 2016.Splunk Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $56 .The Rating was issued on Feb 26, 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.