Qualys, Inc. (NASDAQ:QLYS) Receives $164.50 Consensus PT from Analysts

Qualys, Inc. (NASDAQ:QLYS) has received an average recommendation of “Reduce” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $164.50.

QLYS has been the subject of several research analyst reports. Scotiabank initiated coverage on Qualys in a research note on Friday, April 26th. They set a “sector perform” rating and a $172.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, May 13th. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird cut their price objective on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Truist Financial cut their target price on shares of Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $137.76 on Monday. Qualys has a one year low of $131.07 and a one year high of $206.35. The firm’s 50 day simple moving average is $141.10 and its two-hundred day simple moving average is $159.28. The stock has a market capitalization of $5.09 billion, a P/E ratio of 31.89 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.17. The company had revenue of $145.81 million during the quarter, compared to analyst estimates of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. As a group, equities analysts expect that Qualys will post 3.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total transaction of $83,504.96. Following the completion of the sale, the chief financial officer now directly owns 92,580 shares in the company, valued at $12,550,144.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the transaction, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $135.56, for a total transaction of $83,504.96. Following the transaction, the chief financial officer now directly owns 92,580 shares in the company, valued at $12,550,144.80. The disclosure for this sale can be found here. Insiders sold 30,027 shares of company stock worth $4,216,326 over the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several institutional investors have recently made changes to their positions in QLYS. Wellington Management Group LLP bought a new stake in Qualys in the 4th quarter worth about $18,844,000. Dorsey Wright & Associates bought a new stake in Qualys in the 4th quarter worth about $4,455,000. Intrust Bank NA grew its position in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after purchasing an additional 69 shares in the last quarter. NewSquare Capital LLC bought a new stake in Qualys in the 4th quarter worth about $3,731,000. Finally, Roberts Wealth Advisors LLC purchased a new position in Qualys in the first quarter valued at about $863,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.