Analysts Set Qualys, Inc. (NASDAQ:QLYS) PT at $164.50

Qualys, Inc. (NASDAQ:QLYS) has received an average rating of “Reduce” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $164.50.

Several equities research analysts have weighed in on QLYS shares. Truist Financial dropped their target price on Qualys from $175.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Robert W. Baird dropped their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, May 13th. Finally, Scotiabank assumed coverage on Qualys in a research note on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price target for the company.

Qualys Stock Down 0.5 %

Shares of QLYS opened at $137.76 on Monday. The business’s 50 day moving average is $141.10 and its two-hundred day moving average is $159.28. Qualys has a 52-week low of $131.07 and a 52-week high of $206.35. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 31.89 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.17. The business had revenue of $145.81 million for the quarter, compared to analyst estimates of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. On average, equities analysts expect that Qualys will post 3.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $135.56, for a total value of $83,504.96. Following the completion of the sale, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at approximately $12,550,144.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $135.56, for a total value of $83,504.96. Following the completion of the sale, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at approximately $12,550,144.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $145.24, for a total value of $193,169.20. Following the sale, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,027 shares of company stock valued at $4,216,326. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QLYS. Rise Advisors LLC acquired a new position in shares of Qualys during the 1st quarter valued at about $26,000. Global Retirement Partners LLC grew its holdings in Qualys by 1,666.7% in the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Qualys in the 4th quarter valued at approximately $30,000. First Horizon Advisors Inc. grew its holdings in Qualys by 294.7% in the 2nd 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 during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Qualys by 545.2% in the 1st 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. 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.