Insider Trading Alert - SPLK, SNDK And RAI Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, April 24, 2014, 69 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $101.08 to $41,000,000.00.

Highlighted Stocks Traded by Insiders:

Splunk (SPLK) - FREE Research Report

Neustaetter Thomas M, who is Director at Splunk, sold 1,500 shares at $63.32 on April 24, 2014. Following this transaction, the Director owned 52,103 shares meaning that the stake was reduced by 2.8% with the 1,500-share transaction.

Sommer Steven R, who is SVP & Chief Marketing Officer at Splunk, sold 20,000 shares at $65.00 on April 24, 2014. Following this transaction, the SVP & Chief Marketing Officer owned 290,505 shares meaning that the stake was reduced by 6.44% with the 20,000-share transaction.

The shares most recently traded at $56.47, down $8.53, or 15.11% since the insider transaction. Historical insider transactions for Splunk go as follows:

  • 4-Week # shares sold: 37,700
  • 12-Week # shares sold: 180,724
  • 24-Week # shares sold: 276,859

The average volume for Splunk has been 2.9 million shares per day over the past 30 days. Splunk has a market cap of $7.2 billion and is part of the technology sector and computer software & services industry. Shares are down 13.75% year-to-date as of the close of trading on Thursday.

Splunk, Inc. provides software solutions that provide real-time operational intelligence in the United States and internationally. Currently, there are 15 analysts who rate Splunk a buy, no analysts rate it a sell, and 6 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on SPLK - FREE

TheStreet Quant Ratings rates Splunk as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share. Get the full Splunk Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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