Qualys, Inc. (NASDAQ:QLYS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $147.83.

Several research analysts have recently weighed in on the stock. Northland Securities reiterated a “market perform” rating and issued a $140.00 price target (down previously from $150.00) on shares of Qualys 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. Truist Financial dropped their price target on Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. DA Davidson raised Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird dropped their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th.

Qualys Stock Up 1.0 %

Shares of NASDAQ QLYS opened at $125.71 on Friday. Qualys has a twelve month low of $121.64 and a twelve month high of $206.35. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 29.10 and a beta of 0.49. The company’s fifty day moving average is $136.30 and its 200-day moving average is $150.66.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. On average, research analysts anticipate that Qualys will post 3.94 EPS for the current fiscal year.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $144.75, for a total transaction of $91,771.50. Following the sale, the chief financial officer now directly owns 90,745 shares of the company’s stock, valued at $13,135,338.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $144.75, for a total transaction of $91,771.50. Following the completion of the transaction, the chief financial officer now owns 90,745 shares in the company, valued at $13,135,338.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey P. Hank sold 850 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $135.45, for a total value of $115,132.50. Following the completion of the sale, the director now owns 11,353 shares in the company, valued at approximately $1,537,763.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,385 shares of company stock valued at $3,658,342. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new stake in shares of Qualys during the 1st quarter worth about $26,000. Global Retirement Partners LLC boosted 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 worth $27,000 after acquiring an additional 150 shares during the period. First Horizon Advisors Inc. boosted its holdings 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 acquiring an additional 168 shares during the period. Sound Income Strategies LLC grew its position in shares of Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the last quarter. Finally, DecisionPoint Financial LLC bought a new position in shares of Qualys during the first quarter worth approximately $34,000. 99.31% of the stock is 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.