Splunk Inc (SPLK) Files Form 4 Insider Selling : Steven R Sommer Sells 5,855 Shares

Splunk Inc (SPLK): Steven R Sommer , SVP & Chief Marketing Officer of Splunk Inc sold 5,855 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $58.13 per share for a total value of $340,601.19 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Godfrey Sullivan (director) sold 128,750 shares at $56.87 per share price.On Jun 14, 2016, Leonard R Stein (SVP, General Counsel & Sec.) sold 3,436 shares at $56.47 per share price.Also, On May 26, 2016, Steven R Sommer (SVP & Chief Marketing Officer) sold 5,000 shares at $55.00 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, Jun 15, 2016 heightened volatility was witnessed in Splunk Inc which led to swings in the share price. The shares opened for trading at $56.8 and hit $58.9 on the upside , eventually ending the session at $57.91, with a gain of 2.24% or 1.27 points. The heightened volatility saw the trading volume jump to 22,56,011 shares. The 52-week high of the share price is $76.85 and the company has a market cap of $7,695 M . The 52-week low of the share price is at $29.85.

Splunk Inc Money Flow Index Chart

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 $ 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 Initiated by MKM Partners to Neutral and the brokerage firm has set the Price Target at $55. The Rating was issued on May 6, 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.

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Splunk Inc - Is it time to Sell?

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