Qlik Technologies Inc. (QLIK) Sees Strong Trading Volume
Qlik Technologies Inc. (NASDAQ:QLIK) shares saw strong trading volume on Friday . 2,602,395 shares were traded during 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 research analysts recently commented on the company. Zacks Investment Research raised Qlik Technologies from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Saturday. Brean Capital reissued a “hold” rating on shares of Qlik Technologies in a research note on Friday, July 29th. Wedbush reissued a “neutral” rating and set a $30.50 target price on shares of Qlik Technologies in a research note on Friday, July 29th. Jefferies Group reissued a “hold” rating and set a $30.50 target price on shares of Qlik Technologies in a research note on Friday, July 29th. Finally, JMP Securities cut Qlik Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Twenty equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Qlik Technologies presently has a consensus rating of “Hold” and a consensus price target of $35.12.
The stock’s 50 day moving average price is $29.93 and its 200-day moving average price is $27.84. The company’s market cap is $2.88 billion.
Qlik Technologies (NASDAQ:QLIK) last issued its earnings results on Thursday, July 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.11. The business earned $180.60 million during the quarter, compared to the consensus estimate of $145.80 million. On average, equities research analysts forecast that Qlik Technologies Inc. will post $0.48 earnings per share for the current year.
In other news, SVP Anthony Deighton sold 4,811 shares of Qlik Technologies stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $30.12, for a total transaction of $144,907.32. Following the sale, the senior vice president now owns 10,432 shares of the company’s stock, valued at $314,211.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Eugene Jackson sold 4,025 shares of Qlik Technologies stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $30.10, for a total value of $121,152.50. Following the sale, the chief marketing officer now directly owns 29,025 shares in the company, valued at approximately $873,652.50. The disclosure for this sale can be found here.
Several large investors have added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its stake in Qlik Technologies by 2.3% in the fourth quarter. Nationwide Fund Advisors now owns 60,014 shares of the company’s stock worth $1,900,000 after buying an additional 1,348 shares during the period. Rhumbline Advisers boosted its stake in Qlik Technologies by 4.6% in the fourth quarter. Rhumbline Advisers now owns 98,796 shares of the company’s stock worth $3,128,000 after buying an additional 4,355 shares during the period. Broadview Advisors LLC boosted its stake in Qlik Technologies by 7.8% in the fourth quarter. Broadview Advisors LLC now owns 379,649 shares of the company’s stock worth $12,020,000 after buying an additional 27,575 shares during the period. UBS Oconnor LLC acquired a new stake in Qlik Technologies during the fourth quarter worth $1,266,000. Finally, Airain ltd acquired a new stake in Qlik Technologies during the fourth quarter worth $2,420,000.
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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