Qlik Technologies Given New $33.00 Price Target at Barclays (QLIK)
Research analysts at Barclays lifted their target price on shares of Qlik Technologies (NASDAQ:QLIK) from $31.00 to $33.00 in a report released on Thursday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 16.77% from the company’s current price.
Qlik Technologies (NASDAQ:QLIK) traded up 1.27% during mid-day trading on Thursday, hitting $28.61. The stock had a trading volume of 682,713 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 $2.573 billion.
Qlik Technologies (NASDAQ:QLIK) last issued its quarterly 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. On average, analysts predict that Qlik Technologies will post $0.25 earnings per share for the current fiscal year.
In other Qlik Technologies news, Insider Diane Adams sold 4,152 shares of the stock on the open market in a transaction that occurred on Monday, September 1st. The shares were sold at an average price of $28.40, for a total value of $117,916.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on QLIK. Analysts at Pacific Crest initiated coverage on shares of Qlik Technologies in a research note on Thursday. They set an “outperform” rating and a $36.00 price target on the stock. Separately, 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. 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 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. Qlik Technologies currently has a consensus rating of “Buy” and an average price target of $31.78.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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