Large Outflow of Money Witnessed in Qlik Technologies

Qlik Technologies (QLIK) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.28 million) and the uptick to downtick ratio was 0.3. The transaction value on upticks was $0.99 million and on downticks, the transaction value was $3.27 million. The transaction value of block trades during downticks was $2.13 million. The money flow was negative ($2.13 million), indicating the traders were booking profit on the price strength. Qlik Technologies (QLIK) rose $0.02 at $30.05, during intraday Friday , a rise of 0.07% over the previous days close.


Qlik Technologies (QLIK) : The consensus price target for Qlik Technologies (QLIK) is $33.76 for the short term with a standard deviation of $3.56. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $40, however, the pessimist price target for the company is $30.

Qlik Technologies (NASDAQ:QLIK): stock turned positive on Friday. Though the stock opened at $30.04, the bulls momentum made the stock top out at $30.09 level for the day. The stock recorded a low of $30.03 and closed the trading day at $30.06, in the green by 0.10%. The total traded volume for the day was 995,130. The stock had closed at $30.03 in the previous days trading.

In a related news, Lofton Deborah C, officer (VP and General Counsel) of Qlik Technologies Inc, unloaded 3,029 shares at an average price of $30.11 on June 6, 2016. The total amount of the transaction was worth $91,203, according to the disclosed information with 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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