Traders Purchase Large Volume of Qlik Technologies Call Options (QLIK)
Qlik Technologies (NASDAQ:QLIK) was the target of some unusual options trading on Monday. Stock investors bought 35,752 call options on the company, AnalystRatings.NET reports. This is an increase of approximately 739% compared to the average volume of 4,262 call options.
A number of research firms have recently commented on QLIK. Analysts at Mizuho initiated coverage on shares of Qlik Technologies in a research note to investors on Monday, December 16th. They set a “neutral” rating and a $25.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Qlik Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $33.00 price target on the stock, up previously from $26.00. Finally, analysts at Zacks downgraded shares of Qlik Technologies from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 29th. They now have a $25.20 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.61.
Shares of Qlik Technologies (NASDAQ:QLIK) opened at 25.85 on Tuesday. Qlik Technologies has a 1-year low of $19.60 and a 1-year high of $37.56. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $30.00. The company’s market cap is $2.294 billion.
Qlik Technologies (NASDAQ:QLIK) last announced its earnings results on Thursday, October 24th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that Qlik Technologies will post $0.25 EPS for the current fiscal year.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.