Qualys (NASDAQ:QLYS) Given New $150.00 Price Target at TD Cowen

Qualys (NASDAQ:QLYS) had its price objective raised by equities researchers at TD Cowen from $130.00 to $150.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. TD Cowen’s price objective indicates a potential downside of 3.28% from the company’s current price.

Several other equities analysts have also issued reports on QLYS. Scotiabank decreased their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reduced 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 report on Wednesday, August 7th. Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Truist Financial cut their target price on shares of Qualys from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Piper Sandler decreased their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Qualys has an average rating of “Hold” and an average price target of $152.80.

Qualys Trading Down 2.6 %

Shares of QLYS opened at $155.08 on Wednesday. The firm has a market cap of $5.71 billion, a P/E ratio of 34.16 and a beta of 0.47. The company’s 50-day moving average price is $125.52 and its 200 day moving average price is $136.45. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. Equities research analysts forecast 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 company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’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 transaction 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,919 shares of company stock worth $1,360,140 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in Qualys by 10.5% during the first quarter. Commonwealth Equity Services LLC now owns 3,983 shares of the software maker’s stock worth $665,000 after buying an additional 380 shares during the period. BNP Paribas Financial Markets raised its position in Qualys by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 61,121 shares of the software maker’s stock valued at $10,199,000 after purchasing an additional 306 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Qualys by 93.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,150 shares of the software maker’s stock valued at $1,193,000 after purchasing an additional 3,450 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Qualys during the 1st quarter worth $240,000. Finally, Central Pacific Bank Trust Division purchased a new position in Qualys during the 1st quarter worth $119,000. Institutional investors and hedge funds 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.