Friday, September 22, 2017 10:15 PM ET
Splunk (SPLK) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
A notable level of insider sales in Splunk was disclosed in form 4 documents filed with the SEC today. Two insiders — Thomas M Neustaetter, Director, and David F Conte, Officer — disposed of 25,203 shares in the company having a market value of approximately $1,734,093. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 30,801 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 56,004 shares and have averaged 11,201 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Splunk is higher than its 91-company peer group average. The Software peer group saw 160 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Splunk insiders is lower than its peers. Within the peer group there were 1,112,442 shares purchased and 10,279,994 shares sold with company insiders disposing of 57,297 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.
Today’s Insider Activity
* Thomas M Neustaetter, Director, sold 3,614 shares
* David F Conte, Officer, sold 21,589 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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