Qlik Technologies CEO Sells $1,392,000 in Stock (QLIK)
Qlik Technologies (NASDAQ:QLIK) CEO Lars Bjork unloaded 40,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $34.80, for a total transaction of $1,392,000.00. Following the sale, the chief executive officer now directly owns 766,996 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on QLIK. Analysts at Pacific Crest raised their price target on shares of Qlik Technologies (NASDAQ:QLIK) from $34.00 to $40.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Qlik Technologies (NASDAQ:QLIK) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $36.50 price target on the stock. Finally, analysts at Susquehanna cut their price target on shares of Qlik Technologies (NASDAQ:QLIK) from $36.00 to $35.00 in a research note to investors on Friday, July 26th. They now have a “positive” rating on the stock.
One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Qlik Technologies presently has an average rating of “Buy” and a consensus target price of $32.82.
Qlik Technologies (NASDAQ:QLIK) traded down 0.09% during mid-day trading on Friday, hitting $34.66. The stock had a trading volume of 701,783 shares. Qlik Technologies has a 52-week low of $16.71 and a 52-week high of $35.70. The stock’s 50-day moving average is $32.99 and its 200-day moving average is $29.12. The company’s market cap is $3.045 billion.
Qlik Technologies (NASDAQ:QLIK) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.01. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $106.54 million. During the same quarter last year, the company posted $0.02 earnings per share. Qlik Technologies’s revenue was up 25.9% compared to the same quarter last year.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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