Qlik Technologies Inc (QLIK) is Downgraded by Citigroup to Neutral

Qlik Technologies Inc (QLIK) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Qlik Technologies Inc. Qlik Technologies Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Mar 21, 2016. Qlik Technologies Inc was Initiated by Macquarie to “Outperform” on Mar 4, 2016. Company shares were Reiterated by Barclays on Mar 4, 2016 to “Overweight”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .

On the company’s financial health, Qlik Technologies Inc reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.38. The company had revenue of $205.50 million for the quarter, compared to analysts expectations of $208.30 million. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Qlik Technologies Inc closed down -1.03 points or -3.54% at $28.04 with 21,59,694 shares getting traded on Monday. Post opening the session at $28.2, the shares hit an intraday low of $27.69 and an intraday high of $28.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 5, 2016, Eugene Jackson (Chief Marketing Officer) sold 4,000 shares at $30.00 per share price. According to the SEC, on Nov 10, 2015, Lars Bjork (CEO and President) sold 858 shares at $32.13 per share price. On Nov 10, 2015, Anthony Deighton (CTO and SVP, Products) sold 726 shares at $32.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Qlik Technologies Inc. is a provider of user-driven business intelligence (BI) solutions. The Company is engaged in the development commercialization and implementation of software products and related services. The Company’s core solution for guided analytics is QlikView which allows people create and share insights and analysis in groups and across organizations. The Company’s QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source load data build user interfaces and conduct interactive analyses of their data.

Qlik Technologies Inc

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