StockNews.com Lowers Qualys (NASDAQ:QLYS) to Hold

Qualys (NASDAQ:QLYS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

QLYS has been the subject of several other research reports. TD Cowen began coverage on Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective for the company. Truist Financial lowered their target price on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective on the stock. Robert W. Baird lowered their price objective on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $162.23.

Qualys Trading Down 0.2 %

QLYS stock opened at $142.28 on Tuesday. The company’s 50 day moving average is $147.41 and its 200 day moving average is $167.09. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 32.94 and a beta of 0.49. Qualys has a 1-year low of $122.53 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The company had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. As a group, sell-side analysts forecast that Qualys will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,912 shares of the stock in a transaction on Friday, April 5th. The stock was 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 in the company, valued at approximately $16,037,927.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sumedh S. Thakar sold 4,034 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the transaction, the chief executive officer now owns 193,608 shares of the company’s stock, valued at approximately $31,743,967.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 1,912 shares of the firm’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 directly owns 97,176 shares of the company’s stock, valued at $16,037,927.04. The disclosure for this sale can be found here. Insiders have sold 28,443 shares of company stock valued at $4,148,987 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of Qualys during the first quarter valued at approximately $26,000. Global Retirement Partners LLC grew its position in shares of Qualys by 1,666.7% in the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock worth $27,000 after buying an additional 150 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Qualys during the fourth quarter worth $30,000. Sound Income Strategies LLC raised its stake in 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 buying an additional 169 shares during the last quarter. Finally, DecisionPoint Financial LLC acquired a new stake in Qualys in the 1st quarter worth 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.