Insider Selling: Qlik Technologies COO Sells 53,892 Shares of Stock (QLIK)
Qlik Technologies (NASDAQ:QLIK) COO Leslie Bonney unloaded 53,892 shares of Qlik Technologies stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $28.10, for a total value of $1,514,365.20. Following the sale, the chief operating officer now directly owns 5,866 shares of the company’s stock, valued at approximately $164,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Qlik Technologies (NASDAQ:QLIK) traded up 1.31% during mid-day trading on Tuesday, hitting $28.60. The stock had a trading volume of 857,371 shares. Qlik Technologies has a 52-week low of $20.17 and a 52-week high of $37.56. The stock’s 50-day moving average is $26. and its 200-day moving average is $24.98. The company’s market cap is $2.572 billion.
Qlik Technologies (NASDAQ:QLIK) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.05. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $125.30 million. During the same quarter last year, the company posted ($0.02) earnings per share. Qlik Technologies’s revenue was up 21.9% compared to the same quarter last year. Analysts expect that Qlik Technologies will post $0.25 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Qlik Technologies from $24.00 to $27.00 in a research note on Friday, July 25th. They now have a “market perform” rating on the stock. Separately, analysts at Barclays upgraded shares of Qlik Technologies from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 21st. They now have a $31.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at BMO Capital Markets initiated coverage on shares of Qlik Technologies in a research note on Thursday, July 17th. They set a “market perform” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Qlik Technologies currently has a consensus rating of “Buy” and an average target price of $31.50.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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