Qlik Technologies Inc. (QLIK) Sees Large Volume Increase
Shares of Qlik Technologies Inc. (NASDAQ:QLIK) saw strong trading volume on Wednesday . 4,024,467 shares traded hands during 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.
A number of equities research analysts recently weighed in on the stock. Jefferies Group reissued a “hold” rating and set a $30.50 price target on shares of Qlik Technologies in a research note on Friday, July 29th. Macquarie began coverage on shares of Qlik Technologies in a research note on Tuesday, April 26th. They issued an “outperform” rating and a $38.00 target price for the company. Zacks Investment Research downgraded shares of Qlik Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays PLC upped their target price on shares of Qlik Technologies from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, April 29th. Finally, Credit Agricole SA downgraded shares of Qlik Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 7th. Twenty analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Qlik Technologies presently has an average rating of “Hold” and a consensus price target of $35.12.
The firm’s market cap is $2.89 billion. The company has a 50 day moving average of $30.11 and a 200-day moving average of $28.17.
Qlik Technologies (NASDAQ:QLIK) last released its quarterly earnings data 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 business had revenue of $180.60 million for the quarter, compared to analysts’ expectations of $145.80 million. Analysts predict that Qlik Technologies Inc. will post $0.49 earnings per share for the current year.
In other news, 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 value of $506,016.00. Following the sale, the chief executive officer now directly owns 886,272 shares of the company’s stock, valued at $26,694,512.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Eugene Jackson sold 4,025 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $30.10, for a total transaction of $121,152.50. Following the completion of the sale, the chief marketing officer now directly owns 29,025 shares in the company, valued at $873,652.50. The disclosure for this sale can be found here.
Other large investors have recently made changes to their positions in the company. Jennison Associates LLC increased its stake 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. Bank of Montreal Can boosted 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 period. 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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