TD Cowen Begins Coverage on Qualys (NASDAQ:QLYS)

TD Cowen began coverage on shares of Qualys (NASDAQ:QLYS) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “market perform” rating and a $170.00 price target on the software maker’s stock. TD Cowen’s price objective would indicate a potential upside of 2.91% from the company’s previous close.

A number of other research firms also recently issued reports on QLYS. Wedbush lowered their price target on Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Stephens reissued an “equal weight” rating and set a $190.00 price target on shares of Qualys in a research report on Thursday, February 8th. StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a research report on Monday. Truist Financial upped their target price on Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada decreased their target price on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $153.23.

Qualys Trading Up 0.2 %

Qualys stock opened at $165.20 on Tuesday. The firm has a market capitalization of $6.11 billion, a P/E ratio of 40.89 and a beta of 0.52. The stock has a fifty day moving average price of $173.93 and a 200 day moving average price of $173.78. Qualys has a 52 week low of $107.00 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The firm had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. As a group, equities analysts predict that Qualys will post 3.35 EPS for the current year.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 2,129 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $182.55, for a total value of $388,648.95. Following the completion of the transaction, the chief financial officer now owns 100,493 shares of the company’s stock, valued at $18,344,997.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total transaction of $197,780.00. Following the sale, the insider now owns 63,255 shares in the company, valued at $12,510,573.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 2,129 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $182.55, for a total value of $388,648.95. Following the sale, the chief financial officer now owns 100,493 shares in the company, valued at approximately $18,344,997.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,537 shares of company stock valued at $2,784,700. Insiders own 1.20% of the company’s stock.

Institutional Trading of Qualys

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Qualys during the 4th quarter worth approximately $30,000. Dark Forest Capital Management LP raised its position in shares of Qualys by 58.2% during the 1st quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock worth $31,000 after purchasing an additional 89 shares during the period. Blue Trust Inc. raised its position in shares of Qualys by 218.2% during the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock worth $41,000 after purchasing an additional 144 shares during the period. Fifth Third Bancorp raised its position in shares of Qualys by 54.1% during the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock worth $43,000 after purchasing an additional 99 shares during the period. Finally, Fortis Capital Advisors LLC raised its position in shares of Qualys by 3,000.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 341 shares of the software maker’s stock worth $44,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Company Profile

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.