Qualys (NASDAQ:QLYS) Stock Price Expected to Rise, UBS Group Analyst Says

Qualys (NASDAQ:QLYS) had its price objective hoisted by UBS Group from $140.00 to $160.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

A number of other analysts also recently weighed in on QLYS. TD Cowen increased their price target on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday. Wedbush reduced their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC began coverage on Qualys in a research report on Wednesday. They set a “hold” rating on the stock. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, DA Davidson lifted their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Qualys presently has an average rating of “Hold” and an average price target of $152.80.

Qualys Trading Down 0.7 %

Qualys stock traded down $1.09 on Wednesday, reaching $153.99. 711,963 shares of the stock were exchanged, compared to its average volume of 445,613. The stock has a market cap of $5.63 billion, a PE ratio of 33.92 and a beta of 0.47. The firm has a fifty day moving average price of $126.10 and a two-hundred day moving average price of $136.35. Qualys has a twelve month low of $119.17 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. Equities analysts anticipate that Qualys will post 3.94 EPS for the current fiscal year.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,919 shares of company stock valued at $1,360,140. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. boosted its stake in Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares during the last quarter. Quarry LP bought a new position in Qualys in the second quarter valued at approximately $40,000. DT Investment Partners LLC acquired a new position in shares of Qualys in the 2nd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after purchasing an additional 223 shares during the period. 99.31% of the stock is currently owned by institutional investors.

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.