Qualys, Inc. (NASDAQ:QLYS) Receives $147.00 Consensus Price Target from Brokerages

Qualys, Inc. (NASDAQ:QLYS) has received a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $147.00.

Several research analysts recently weighed in on the company. Northland Securities restated a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Scotiabank reduced their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. TD Cowen dropped their price objective on shares of Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, October 7th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada dropped their price target on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th.

Qualys Trading Down 0.1 %

NASDAQ:QLYS opened at $125.44 on Friday. The company has a market capitalization of $4.63 billion, a P/E ratio of 29.04 and a beta of 0.46. Qualys has a 12 month low of $119.32 and a 12 month high of $206.35. The business’s 50-day moving average is $125.03 and its 200 day moving average is $141.19.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data 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. The business had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. On average, research analysts forecast that Qualys will post 3.94 earnings per share for the current year.

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the sale, the insider now directly owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the transaction, the chief financial officer now directly owns 87,077 shares in the company, valued at $11,662,222.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,535 shares of company stock valued at $592,670. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Large investors have recently modified their holdings of the stock. Rise Advisors LLC bought a new position in shares of Qualys during the first quarter valued at approximately $26,000. Sound Income Strategies LLC grew its holdings in Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after acquiring an additional 169 shares during the period. DecisionPoint Financial LLC bought a new stake in shares of Qualys in the 1st quarter worth approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the period. 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.