Qlik Technologies (QLIK) has risen sharply, recording gains of 1.54% in the past 4 weeks. However, the stock has corrected -0.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.7% and the 50-Day Moving Average is 1.25%. Qlik Technologies (NASDAQ:QLIK): The stock was completely flat for the day, closing at $30.36 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $30.36, the stock touched an intraday high of $30.38 and a low of $30.35. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $30.36. The total trading volume on Friday was 866,349.
The company Insiders own 2.6% of Qlik Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.33% . During last six month period, the net percent change held by insiders has seen a change of -33.33%. Also, In a research note released to the investors, Jefferies downgrades its rating on Qlik Technologies (NASDAQ:QLIK).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Jefferies lowers the new price target from $38 per share to $30.5 per share. The rating by the firm was issued on July 18, 2016.
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.