Qualys, Inc. (NASDAQ:QLYS) Receives $152.80 Average Price Target from Analysts

Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned an average rating of “Reduce” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $152.80.

Several research firms recently issued reports on QLYS. Jefferies Financial Group raised their price target on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Needham & Company LLC began coverage on shares of Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating for the company. Truist Financial lifted their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their price objective on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 634 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,858 shares of company stock worth $4,239,673 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its holdings 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 valued at $32,000 after acquiring an additional 168 shares in the last quarter. UMB Bank n.a. increased its stake in shares of 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 buying an additional 143 shares during the period. Quarry LP acquired a new position in shares of Qualys in the second quarter valued at approximately $40,000. DT Investment Partners LLC bought a new position in Qualys in the 2nd quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC boosted its position in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Down 1.3 %

NASDAQ QLYS opened at $156.79 on Friday. The stock has a market capitalization of $5.74 billion, a PE ratio of 34.53 and a beta of 0.54. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35. The company has a 50 day moving average price of $136.88 and a two-hundred day moving average price of $135.32.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million during 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. As a group, equities analysts anticipate that Qualys will post 4.34 EPS 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.