DA Davidson Forecasts Strong Price Appreciation for Qualys (NASDAQ:QLYS) Stock

Qualys (NASDAQ:QLYS) had its price target boosted by DA Davidson from $120.00 to $147.00 in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the software maker’s stock.

A number of other analysts have also issued reports on the stock. Scotiabank dropped their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Wednesday. Piper Sandler lowered their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. TD Cowen boosted their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group raised their price objective on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Trading Down 0.7 %

NASDAQ:QLYS opened at $153.99 on Wednesday. Qualys has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 33.92 and a beta of 0.47. The firm’s fifty day simple moving average is $126.10 and its 200 day simple moving average is $136.10.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, analysts predict that Qualys will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. 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 three months, insiders have sold 10,919 shares of company stock valued at $1,360,140. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

Large investors have recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of Qualys by 100.7% during the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock valued at $52,401,000 after purchasing an additional 184,403 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Qualys by 169.7% during the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock valued at $40,970,000 after purchasing an additional 154,492 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Qualys by 95.7% during the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after buying an additional 139,897 shares in the last quarter. Boston Trust Walden Corp grew its position in Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after buying an additional 117,079 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Qualys by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after buying an additional 83,504 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Company Profile

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.