Insider Selling: Qlik Technologies Insider Unloads 4,152 Shares of Stock (QLIK)
Qlik Technologies (NASDAQ:QLIK) Insider Diane Adams unloaded 4,152 shares of the stock in a transaction dated Monday, September 1st. The shares were sold at an average price of $28.40, for a total transaction of $117,916.80. Following the sale, the insider now directly owns 16,652 shares of the company’s stock, valued at approximately $472,917. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Qlik Technologies (NASDAQ:QLIK) traded down 1.22% on Wednesday, hitting $28.25. The stock had a trading volume of 705,406 shares. Qlik Technologies has a 1-year low of $20.17 and a 1-year high of $37.56. The stock’s 50-day moving average is $26.33 and its 200-day moving average is $25.01. The company’s market cap is $2.540 billion.
Qlik Technologies (NASDAQ:QLIK) last released its earnings data on Thursday, July 24th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ 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.
A number of research firms have recently commented on QLIK. 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.50.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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