What Did This CEO Just Do with Personal Shares of Splunk (NASDAQ: SPLK)?

Yesterday, the President & CEO of Splunk (SPLKResearch Report), Douglas Merritt, sold shares of SPLK for $2.18M.

Following Douglas Merritt’s last SPLK Sell transaction on September 12, 2018, the stock climbed by 17.6%. In addition to Douglas Merritt, 4 other SPLK executives reported Sell trades in the last month.

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Based on Splunk’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $626 million and GAAP net loss of $57.64 million. In comparison, last year the company earned revenue of $481 million and had a GAAP net loss of $55.71 million. The company has a one-year high of $152.68 and a one-year low of $90.08. Currently, Splunk has an average volume of .

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SPLK with a $165.00 price target.

The insider sentiment on Splunk has been negative according to 66 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Splunk, Inc. engages in the development and marketing of 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.