Qualys, Inc. (NASDAQ:QLYS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Qualys, Inc. (NASDAQ:QLYS) have received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $146.08.

QLYS has been the topic of several recent analyst reports. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Northland Securities restated a “market perform” rating and set a $140.00 target price (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Truist Financial dropped their price target on 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 reduced their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

Insider Activity

In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated 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 transaction, the insider now directly owns 58,947 shares of the company’s stock, valued at $8,450,052.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction 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 sale, the chief financial officer now owns 87,077 shares in the company, valued at $11,662,222.61. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,535 shares of company stock worth $1,469,140. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

A number of hedge funds and other institutional investors have recently modified their holdings of QLYS. Wallace Advisory Group LLC boosted its position in Qualys by 4.0% in the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock valued at $275,000 after buying an additional 63 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after acquiring an additional 83 shares during the last quarter. Covenant Partners LLC increased its position in Qualys by 3.5% in the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock worth $492,000 after purchasing an additional 84 shares during the period. Fisher Asset Management LLC raised its holdings in Qualys by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 23,700 shares of the software maker’s stock worth $4,652,000 after purchasing an additional 89 shares during the last quarter. Finally, Bridge City Capital LLC boosted its stake in shares of Qualys by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 12,630 shares of the software maker’s stock valued at $2,108,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Price Performance

NASDAQ QLYS opened at $123.21 on Friday. Qualys has a fifty-two week low of $119.32 and a fifty-two week high of $206.35. The stock’s 50-day moving average is $124.56 and its two-hundred day moving average is $140.10. The firm has a market cap of $4.54 billion, a P/E ratio of 27.14 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share 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 firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, equities analysts expect that Qualys will post 3.94 EPS for the current year.

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.