Qlik Technologies Inc. (QLIK) Sees Unusually-High Trading Volume
Shares of Qlik Technologies Inc. (NASDAQ:QLIK) saw strong trading volume on Friday . 2,602,395 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 1,580,177 shares.The stock last traded at $30.30 and had previously closed at $30.34.
Several equities analysts have weighed in on the company. Jefferies Group reissued a “hold” rating and issued a $30.50 target price on shares of Qlik Technologies in a research note on Friday, July 29th. Macquarie assumed coverage on Qlik Technologies in a research note on Tuesday, April 26th. They issued an “outperform” rating and a $38.00 target price on the stock. Barclays PLC increased their target price on Qlik Technologies from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, April 29th. Credit Agricole SA lowered Qlik Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 7th. Finally, Zacks Investment Research raised Qlik Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Twenty-one research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.12.
The company’s market cap is $2.88 billion. The firm’s 50 day moving average price is $29.93 and its 200 day moving average price is $27.84.
Qlik Technologies (NASDAQ:QLIK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. The business had revenue of $180.60 million for the quarter, compared to analyst estimates of $145.80 million. On average, equities analysts predict that Qlik Technologies Inc. will post $0.48 EPS for the current year.
In other news, CMO Eugene Jackson sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $30.93, for a total transaction of $123,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 41,500 shares in the company, valued at $1,283,595. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Timothy J. Maccarrick sold 4,025 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $30.14, for a total value of $121,313.50. Following the transaction, the chief financial officer now owns 26,276 shares of the company’s stock, valued at $791,958.64. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Qlik Technologies by 447.4% in the fourth quarter. Bank of Montreal Can now owns 423,669 shares of the company’s stock worth $13,412,000 after buying an additional 346,279 shares during the last quarter. Marshall Wace LLP raised its position in shares of Qlik Technologies by 462.0% in the fourth quarter. Marshall Wace LLP now owns 394,254 shares of the company’s stock worth $12,482,000 after buying an additional 324,107 shares during the last quarter. Jennison Associates LLC raised its position in shares of Qlik Technologies by 4.2% in the fourth quarter. Jennison Associates LLC now owns 3,671,317 shares of the company’s stock worth $116,234,000 after buying an additional 147,403 shares during the last quarter. Airain ltd purchased a new position in shares of Qlik Technologies during the fourth quarter worth approximately $2,420,000. Finally, UBS Oconnor LLC purchased a new position in shares of Qlik Technologies during the fourth quarter worth approximately $1,266,000.
Qlik Technologies Inc (Qlik) is a provider of user-driven Business Intelligence (BI) solutions that enable its customers to make informed business decisions. The Company is engaged in the development, commercialization and implementation of software products and related services segment. The Company’s software products help people create and share insights and analysis in groups and across organizations.
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