Qlik Technologies Inc. (QLIK) Sees Large Volume Increase
Qlik Technologies Inc. (NASDAQ:QLIK) saw strong trading volume on Wednesday . 4,024,467 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 1,594,542 shares.The stock last traded at $30.47 and had previously closed at $30.37.
Several equities research analysts have weighed in on the company. Mizuho upped their target price on Qlik Technologies from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 29th. Morgan Stanley reiterated a “hold” rating on shares of Qlik Technologies in a report on Saturday, April 30th. Citigroup Inc. reiterated a “hold” rating on shares of Qlik Technologies in a report on Saturday, June 4th. Jefferies Group reiterated a “buy” rating on shares of Qlik Technologies in a report on Saturday, June 4th. Finally, Brean Capital reiterated a “buy” rating on shares of Qlik Technologies in a report on Wednesday, May 4th. Twenty-one investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.12.
The company’s 50 day moving average price is $30.06 and its 200-day moving average price is $28.14. The firm’s market capitalization is $2.89 billion.
Qlik Technologies (NASDAQ:QLIK) last announced its earnings results on Thursday, July 28th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.11. The firm earned $180.60 million during the quarter, compared to analysts’ expectations of $145.80 million. On average, equities analysts anticipate that Qlik Technologies Inc. will post $0.49 EPS for the current fiscal year.
In related news, CMO Eugene Jackson sold 12,500 shares of the stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $30.20, for a total transaction of $377,500.00. Following the completion of the transaction, the chief marketing officer now owns 25,000 shares in the company, valued at $755,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lars Bjork sold 16,800 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $30.12, for a total transaction of $506,016.00. Following the transaction, the chief executive officer now owns 886,272 shares of the company’s stock, valued at approximately $26,694,512.64. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of QLIK. Bank of Montreal Can raised its position in Qlik Technologies by 447.4% in the fourth quarter. Bank of Montreal Can now owns 423,669 shares of the company’s stock valued at $13,412,000 after buying an additional 346,279 shares during the last quarter. Jennison Associates LLC raised its position in Qlik Technologies by 4.2% in the fourth quarter. Jennison Associates LLC now owns 3,671,317 shares of the company’s stock valued at $116,234,000 after buying an additional 147,403 shares during the last quarter. Finally, Airain ltd bought a new position in Qlik Technologies during the fourth quarter valued at $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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