Qlik Technologies Inc (QLIK) is Downgraded by Mizuho to Neutral, Price Target at $30.50

Qlik Technologies Inc (QLIK) was Downgraded by Mizuho to ” Neutral” and the brokerage firm has set the Price Target at $30.50. Earlier the firm had a rating of “Buy ” on the company shares. Mizuho advised their investors in a research report released on Jun 2, 2016.

Many Wall Street Analysts have commented on Qlik Technologies Inc. Company shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $31 .Company shares were Reiterated by BMO Capital Markets on Apr 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Company shares were Reiterated by UBS on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .

On the company’s financial health, Qlik Technologies Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.12. The company had revenue of $138.00 million for the quarter, compared to analysts expectations of $134.38 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Qlik Technologies Inc opened for trading at $28.86 and hit $29 on the upside on Wednesday, eventually ending the session at $28.97, with a gain of 0.94% or 0.27 points. The heightened volatility saw the trading volume jump to 27,37,401 shares. Company has a market cap of $2,722 M.

In a different news, on May 17, 2016, Eugene Jackson (Chief Marketing Officer) sold 4,000 shares at $30.93 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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