Price Target Update on Qlik Technologies (NASDAQ:QLIK)

Qlik Technologies (NASDAQ:QLIK) stock is expected to deviate a maximum of $3.6 from the average target price of $34.16 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $30.

Other Equity analysts have also commented on the company shares. Brokerage firm SunTrust Robinson Humphrey downgrades its rating on Qlik Technologies (NASDAQ:QLIK). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 6, 2016.

Qlik Technologies (NASDAQ:QLIK): stock turned positive on Thursday. Though the stock opened at $30.04, the bulls momentum made the stock top out at $30.1 level for the day. The stock recorded a low of $29.99 and closed the trading day at $30.02, in the green by 0.03%. The total traded volume for the day was 3,588,973. The stock had closed at $30.01 in the previous days trading.

The company shares have dropped -17.94% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $42.18 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $30.42 and the 200 Day Moving Average price is recorded at $27.85. On the companys insider trading activities, The officer (VP and General Counsel), of Qlik Technologies Inc, Lofton Deborah C had unloaded 3,029 shares at $30.11 per share in a transaction on June 6, 2016. The total value of transaction was $91,203. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 Companys core solution for guided analytics is QlikView, which allows people create and share insights and analysis in groups and across organizations. The Companys 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.

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