LMR Partners LLP purchased a new position in Qlik Technologies Inc (NASDAQ:QLIK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,000 shares of the company’s stock, valued at approximately $1,775,000.
Other hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC boosted its stake in Qlik Technologies by 3.8% in the first quarter. TimesSquare Capital Management LLC now owns 6,176,835 shares of the company’s stock valued at $178,634,000 after buying an additional 225,590 shares in the last quarter. Elliott Management Corp acquired a new stake in Qlik Technologies during the first quarter valued at approximately $134,042,000. State Street Corp boosted its stake in Qlik Technologies by 4.2% in the first quarter. State Street Corp now owns 1,697,713 shares of the company’s stock valued at $49,098,000 after buying an additional 68,713 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in Qlik Technologies by 4.1% in the first quarter. Champlain Investment Partners LLC now owns 1,126,895 shares of the company’s stock valued at $32,590,000 after buying an additional 44,690 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Qlik Technologies by 44.4% in the first quarter. Goldman Sachs Group Inc. now owns 876,759 shares of the company’s stock valued at $25,355,000 after buying an additional 269,400 shares in the last quarter.
Qlik Technologies Inc (NASDAQ:QLIK) remained flat at $30.50 during trading on Friday. Qlik Technologies Inc has a 12-month low of $15.77 and a 12-month high of $40.56. The company’s 50 day moving average is $30.16 and its 200 day moving average is $28.29.
Qlik Technologies (NASDAQ:QLIK) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.11. The firm earned $180.60 million during the quarter, compared to analyst estimates of $145.80 million. Equities research analysts anticipate that Qlik Technologies Inc will post $0.60 EPS for the current year.
Several analysts recently commented on the company. Wedbush restated a “neutral” rating and issued a $30.50 target price on shares of Qlik Technologies in a research report on Friday, July 29th. Zacks Investment Research raised Qlik Technologies from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Saturday, August 6th. Brean Capital reaffirmed a “hold” rating on shares of Qlik Technologies in a research note on Saturday, June 25th. Jefferies Group reaffirmed a “hold” rating and set a $30.50 price target on shares of Qlik Technologies in a research note on Friday, July 29th. Finally, JMP Securities lowered Qlik Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Twenty analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.91.
In related news, insider Eugene Jackson sold 4,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $30.36, for a total value of $121,440.00. Following the completion of the transaction, the insider now directly owns 29,000 shares of the company’s stock, valued at approximately $880,440. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
About Qlik Technologies
Zoona is a Zambia-based financial technology company. The Company provides the technology and business support to over 1,000 entrepreneurs across Africa, enabling them to start their own business. The Company offers Kiva, which is a crowd-lending platform. The Company’s mobile money platform enables over 1,000 entrepreneurs to become Zoona Agents.
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