Qualys, Inc. (NASDAQ:QLYS) Receives $147.00 Average PT from Analysts

Qualys, Inc. (NASDAQ:QLYS) has been given an average recommendation of “Hold” by the sixteen research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $146.08.

A number of analysts recently issued reports on the company. Northland Securities reissued a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Truist Financial dropped their price objective on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Scotiabank reduced their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. TD Cowen lowered their target price on Qualys from $140.00 to $130.00 and set a “hold” rating for the company in a report on Monday, October 7th. Finally, Piper Sandler cut their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the transaction, the insider now owns 58,947 shares of the company’s stock, valued at $8,450,052.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction on Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the transaction, the chief financial officer now directly owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the transaction, the insider now owns 58,947 shares in the company, valued at approximately $8,450,052.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,535 shares of company stock worth $1,469,140. Insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC bought a new position in Qualys in the 1st quarter valued at about $26,000. First Horizon Advisors Inc. increased its stake in shares of Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC lifted its holdings in Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares during the last quarter. DecisionPoint Financial LLC acquired a new stake in Qualys during the 1st quarter worth approximately $34,000. Finally, UMB Bank n.a. boosted its stake in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Down 1.0 %

NASDAQ:QLYS opened at $123.21 on Friday. Qualys has a 12-month low of $119.32 and a 12-month high of $206.35. The stock’s fifty day simple moving average is $124.56 and its 200-day simple moving average is $140.10. The firm has a market capitalization of $4.54 billion, a P/E ratio of 27.14 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same period last year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Qualys will post 3.94 earnings per share for the current year.

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.