Splunk Inc. (NASDAQ:SPLK – Get Rating) was the target of unusually large options trading activity on Monday. Stock investors acquired 15,233 call options on the stock. This represents an increase of approximately 43% compared to the typical daily volume of 10,646 call options.
Insider Transactions at Splunk
In other news, SVP Scott Morgan sold 2,000 shares of Splunk stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $101.04, for a total value of $202,080.00. Following the completion of the transaction, the senior vice president now owns 115,907 shares in the company, valued at approximately $11,711,243.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Scott Morgan sold 2,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $101.04, for a total transaction of $202,080.00. Following the transaction, the senior vice president now directly owns 115,907 shares in the company, valued at $11,711,243.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elisa Steele sold 3,050 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $105.00, for a total transaction of $320,250.00. Following the completion of the transaction, the director now directly owns 14,481 shares of the company’s stock, valued at $1,520,505. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
Hedge Funds Weigh In On Splunk
Large investors have recently bought and sold shares of the stock. Meiji Yasuda Life Insurance Co increased its holdings in Splunk by 3.6% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,062 shares of the software company’s stock worth $455,000 after buying an additional 105 shares in the last quarter. Sandy Spring Bank raised its stake in Splunk by 24.7% in the fourth quarter. Sandy Spring Bank now owns 545 shares of the software company’s stock valued at $47,000 after buying an additional 108 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of Splunk by 2.6% in the fourth quarter. Mayflower Financial Advisors LLC now owns 4,436 shares of the software company’s stock worth $382,000 after buying an additional 114 shares during the last quarter. Future Fund LLC grew its stake in Splunk by 3.7% during the 4th quarter. Future Fund LLC now owns 3,482 shares of the software company’s stock valued at $300,000 after purchasing an additional 124 shares during the last quarter. Finally, Prelude Capital Management LLC raised its position in Splunk by 2.7% during the 2nd quarter. Prelude Capital Management LLC now owns 4,845 shares of the software company’s stock worth $429,000 after buying an additional 129 shares during the last quarter. 85.71% of the stock is owned by hedge funds and other institutional investors.
Splunk Price Performance
Analyst Ratings Changes
A number of analysts recently commented on SPLK shares. Guggenheim lowered Splunk from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 17th. BTIG Research upped their target price on Splunk from $105.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, February 27th. Wells Fargo & Company raised their target price on Splunk from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. Morgan Stanley cut their price objective on Splunk from $123.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, December 19th. Finally, Wedbush started coverage on Splunk in a research report on Wednesday, December 14th. They set a “neutral” rating and a $86.00 price target on the stock. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.23.
About Splunk
Splunk, Inc engages in the development and marketing of cloud 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.
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