Qualys (NASDAQ:QLYS) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Qualys (NASDAQ:QLYS) in a report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $135.00 price objective on the software maker’s stock.

Several other analysts also recently weighed in on the stock. Truist Financial cut their price objective on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Piper Sandler cut their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Monday, August 5th. Royal Bank of Canada reduced their price target on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Wedbush lowered their price target on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $146.08.

Qualys Stock Down 1.0 %

Shares of NASDAQ QLYS opened at $123.21 on Wednesday. The firm’s 50-day moving average price is $124.56 and its two-hundred day moving average price is $139.91. Qualys has a 52-week low of $119.32 and a 52-week high of $206.35. The stock has a market capitalization of $4.55 billion, a P/E ratio of 28.52 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same quarter last year, the business posted $0.95 EPS. The business’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that Qualys will post 3.94 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at $22,493,851.29. The trade was a 0.00 % decrease in their ownership of the stock. 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 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the transaction, the insider now owns 58,947 shares in the company, valued at approximately $8,450,052.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,535 shares of company stock valued at $1,469,140. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. Wellington Management Group LLP purchased a new stake in Qualys in the 4th quarter worth approximately $18,844,000. Roberts Wealth Advisors LLC purchased a new stake in shares of Qualys during the 1st quarter worth about $863,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Qualys by 96.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,656 shares of the software maker’s stock valued at $5,116,000 after buying an additional 15,045 shares during the last quarter. Vanguard Group Inc. increased its holdings in Qualys by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,756,297 shares of the software maker’s stock worth $737,286,000 after buying an additional 16,331 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Qualys by 36.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock worth $3,374,000 after buying an additional 5,508 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.