Qlik Technologies Given New $28.00 Price Target at Mizuho (QLIK)
Analysts at Mizuho hoisted their price objective on shares of Qlik Technologies (NASDAQ:QLIK) from $25.00 to $28.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential upside of 0.29% from the stock’s previous close.
Shares of Qlik Technologies (NASDAQ:QLIK) traded up 0.79% during mid-day trading on Friday, hitting $28.14. The stock had a trading volume of 6,756,408 shares. Qlik Technologies has a one year low of $23.23 and a one year high of $37.56. The stock has a 50-day moving average of $27.24 and a 200-day moving average of $29.29. The company’s market cap is $2.498 billion.
Qlik Technologies (NASDAQ:QLIK) last announced its earnings results on Thursday, February 20th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.01. The company had revenue of $161.80 million for the quarter, compared to the consensus estimate of $158.24 million. On average, analysts predict that Qlik Technologies will post $0.25 earnings per share for the current fiscal year.
In other Qlik Technologies news, CEO Lars Bjork unloaded 40,000 shares of Qlik Technologies stock on the open market in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $27.37, for a total value of $1,094,800.00. Following the transaction, the chief executive officer now directly owns 767,991 shares of the company’s stock, valued at approximately $21,019,914. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on QLIK. Analysts at Deutsche Bank initiated coverage on shares of Qlik Technologies in a research note on Wednesday, January 22nd. They set a “hold” rating and a $28.00 price target on the stock. Separately, analysts at Drexel Hamilton upgraded shares of Qlik Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, analysts at Zacks upgraded shares of Qlik Technologies from an “underperform” rating to a “neutral” rating in a research note on Monday, January 13th. They now have a $28.40 price target on the stock. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Qlik Technologies currently has an average rating of “Buy” and an average target price of $33.91.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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