Insider Selling: Splunk Inc (SPLK) General Counsel Sells 1,366 Shares of Stock
Splunk Inc (NASDAQ:SPLK) General Counsel Scott Morgan sold 1,366 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $124.49, for a total value of $170,053.34. Following the completion of the sale, the general counsel now owns 46,807 shares of the company’s stock, valued at $5,827,003.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
SPLK stock opened at $127.32 on Friday. The stock has a market cap of $18.82 billion, a PE ratio of -80.08 and a beta of 2.05. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.14. Splunk Inc has a 1 year low of $83.69 and a 1 year high of $143.70.
Hedge funds have recently added to or reduced their stakes in the company. Berman Capital Advisors LLC bought a new position in shares of Splunk during the 4th quarter worth about $29,000. Bessemer Group Inc. boosted its position in shares of Splunk by 192.2% during the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Splunk by 244.4% during the 4th quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock worth $45,000 after purchasing an additional 303 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in Splunk in the 4th quarter valued at about $56,000. Finally, Financial Advocates Investment Management lifted its position in Splunk by 461.0% in the 4th quarter. Financial Advocates Investment Management now owns 864 shares of the software company’s stock valued at $61,000 after acquiring an additional 710 shares in the last quarter. 93.95% of the stock is currently owned by institutional investors.
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
Recommended Story: What is dollar cost averaging (DCA)?
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.