Qlik Technologies Sees Unusually High Options Volume (QLIK)
Shares of Qlik Technologies (NASDAQ:QLIK) saw unusually large options trading activity on Friday. Traders bought 12,021 put options on the stock, Stock Ratings Network.com reports. This is an increase of 484% compared to the average daily volume of 2,060 put options.
In other Qlik Technologies news, CEO Lars Bjork sold 40,000 shares of Qlik Technologies stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $33.47, for a total value of $1,338,800.00. Following the completion of the transaction, the chief executive officer now directly owns 766,996 shares of the company’s stock, valued at approximately $25,671,356. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on QLIK shares. Analysts at William Blair initiated coverage on shares of Qlik Technologies in a research note to investors on Tuesday, October 8th. They set an “outperform” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Qlik Technologies from $35.00 to $40.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of Qlik Technologies in a research note to investors on Friday, September 20th. They now have a $36.50 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.61.
Shares of Qlik Technologies (NASDAQ:QLIK) traded down 19.03% during mid-day trading on Friday, hitting $27.11. The stock had a trading volume of 17,718,564 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 $33.08 and its 200-day moving average is $29.1. The company’s market cap is $2.382 billion.
Qlik Technologies (NASDAQ:QLIK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $107.80 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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