Qualys, Inc. (NASDAQ:QLYS) Given Average Rating of “Reduce” by Brokerages

Qualys, Inc. (NASDAQ:QLYS) has been assigned a consensus recommendation of “Reduce” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $162.23.

A number of equities research analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Monday, May 13th. Robert W. Baird reduced their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Truist Financial reduced their target price on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Scotiabank began coverage on Qualys in a report on Friday, April 26th. They set a “sector perform” rating and a $172.00 target price for the company. Finally, StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a report on Thursday.

Qualys Stock Down 1.1 %

Shares of QLYS stock opened at $136.69 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 31.64 and a beta of 0.47. Qualys has a 52 week low of $122.53 and a 52 week high of $206.35. The firm has a 50 day moving average of $153.35 and a 200-day moving average of $171.10.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The business had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. Analysts anticipate that Qualys will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the sale, the insider now owns 63,057 shares in the company, valued at $10,398,729.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total value of $235,821.30. Following the completion of the sale, the insider now owns 63,057 shares in the company, valued at $10,398,729.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 1,912 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $165.04, for a total value of $315,556.48. Following the completion of the sale, the chief financial officer now owns 97,176 shares of the company’s stock, valued at approximately $16,037,927.04. The disclosure for this sale can be found here. Insiders sold a total of 21,543 shares of company stock valued at $3,250,832 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of Qualys during the first quarter valued at approximately $26,000. Global Retirement Partners LLC raised its holdings in shares of Qualys by 1,666.7% during the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Qualys during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC raised its holdings in shares of Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after acquiring an additional 169 shares in the last quarter. Finally, DecisionPoint Financial LLC bought a new position in shares of Qualys during the first quarter valued at approximately $34,000. Institutional investors 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.