How Goldman Sachs Currently Rates Qlik Technologies (NASDAQ:QLIK)
Goldman Sachs released in an interesting analyst report that it started coverage on Qlik Technologies (NASDAQ:QLIK) stock, with Buy rating.
From a total of 25 analysts covering Qlik Technologies (NASDAQ:QLIK) stock, 22 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 79% of the ratings are positive. The highest target price is $52 while the lowest target price is $35. The mean of all analyst targets is $42.96 with a 43.32% above today’s ($30.33) stock price. Qlik Technologies was the topic of 20 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. FBR Capital upgraded shares on November 6 to “Outperform” rating. Nomura initiated shares with “Buy” rating and $50.0 target share price in a report from an August 27. UBS maintained QLIK stock in a recent report from October 23 with “Buy” rating. Finally, Lake Street initiated the stock with “Buy” rating in a report issued on an October 19.
Approximately 216,204 shares of stock traded hands. Qlik Technologies Inc (NASDAQ:QLIK) has declined 13.71% since May 8, 2015 and is downtrending. It has underperformed by 10.69% the S&P500.
The overall sentiment of institutions has decreased to 1 in Q2 2015. Its down 0.26, from 1.26 in 2015Q2. The ratio is negative, as 31 institutions have sold all the shares of Qlik Technologies Inc that they owned while 93 funds have taken shares off the table. 40 funds have purchased shares for the first time while 84 added to their positions. These institutions now hold 88.95 million shares or 5.14% less than the 93.77 million shares they owned in 2015Q2.
The Fund Kingdom Ridge Capital Llc currently is holding shares equating to 11.77% of its total portfolio in Qlik Technologies Inc representing a total of 552,000 shares. Another fund,Cadian Capital Management Lp, is holding a total of 4.99 million shares equating to 6.54% of their holdings. Additionally, Platinum Investment Management Ltd has a 4.82 million share stake in Qlik Technologies Inc which represents 4.76% of their total portfolio. The Fund, Jericho Capital Asset Management L.P., based out of New York, has also built up a stake in the stock, which represents a total of 3.41% of their total portfolio. Finally Dorsal Capital Management Llc, a fund which is based in the state of California reported a total holdings of 1.00 million shares.
Insider activity is a very important aspect to track on any stock. Going back to April 8, 2015, shareholders of Qlik Technologies Inc have witnessed 0 buys, and a total of 4 sales equating to a net activity of approximately $2.34 million . Deighton Anthony sold 2,825 shares worth approximately $113,113. Johnson Dennis E. sold 1,053 shares worth approximately $38,381. Lofton Deborah C sold 6,550 shares worth approximately $238,632. Maccarrick Timothy J sold 3,661 shares worth approximately $133,441. The company insider Adams Diane sold 10,385 shares worth $380,023.
Qlik Technologies Inc. is a provider of user-driven, business intelligence solutions. The company has a market cap of $2.87 billion. The Firm is engaged in the development, commercialization and implementation of software products and related services. It currently has negative earnings. The Company’s core solution for guided analytics is QlikView, which allows people create and share insights and analysis in groups and across organizations.
According to Zacks Investment Research, “QLIK Technologies Inc. engages in developing business intelligence solutions. The Company’s flagship product, QlikView delivers enterprise-class analytics and search with the simplicity and ease of use of office productivity software. Its in-memory associative search technology makes calculations in real-time enabling business professionals to gain insight through intuitive data exploration. The QlikView product is designed to allow deployments to scale from the single user to thousands of users. The users of QlikView include sales, marketing, human resources and finance professionals; executive management and other managers; operations, support and IT staff; data analysts and statisticians. The Company has a diversified distribution model that consists of a direct sales force and a partner network that includes resellers, OEMs and systems integrators. QlikTech is headquartered in Radnor, Pennsylvania.” Get a free copy of the Zacks research report on Qlik Technologies Inc (QLIK).