FBN Securities started coverage on shares of Qualys (NASDAQ:QLYS) in a report issued on Monday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $100.00 price objective on the software maker’s stock.
QLYS has been the subject of a number of other reports. Wedbush reiterated a buy rating on shares of Liquidia Technologies in a report on Thursday, May 2nd. Northland Securities reiterated a buy rating and issued a $280.00 price objective on shares of ServiceNow in a report on Thursday, May 2nd. JMP Securities upped their price objective on shares of Qualys from $85.00 to $100.00 and gave the stock a market outperform rating in a report on Thursday, May 2nd. Royal Bank of Canada set a $42.00 price objective on shares of Devon Energy and gave the stock a hold rating in a report on Thursday, May 2nd. Finally, Summit Insights cut shares of Qualys from a buy rating to a hold rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $94.29.
Qualys stock opened at $88.21 on Monday. The firm’s fifty day moving average is $87.37. Qualys has a 12 month low of $65.93 and a 12 month high of $98.30. The stock has a market cap of $3.51 billion, a PE ratio of 74.13 and a beta of 1.36.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.09). The business had revenue of $75.34 million during the quarter, compared to the consensus estimate of $74.92 million. Qualys had a return on equity of 15.51% and a net margin of 21.23%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, research analysts expect that Qualys will post 1.34 EPS for the current year.
In other Qualys news, insider Sumedh S. Thakar sold 4,082 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $85.86, for a total transaction of $350,480.52. Following the completion of the sale, the insider now directly owns 190,132 shares in the company, valued at $16,324,733.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sumedh S. Thakar sold 4,083 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $87.33, for a total transaction of $356,568.39. Following the sale, the insider now owns 185,168 shares of the company’s stock, valued at $16,170,721.44. The disclosure for this sale can be found here. Insiders have sold 57,497 shares of company stock valued at $5,060,930 over the last 90 days. Corporate insiders own 17.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Navellier & Associates Inc increased its holdings in shares of Qualys by 6.9% during the second quarter. Navellier & Associates Inc now owns 30,402 shares of the software maker’s stock worth $2,647,000 after buying an additional 1,966 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Qualys during the second quarter worth approximately $223,000. We Are One Seven LLC increased its holdings in shares of Qualys by 6.6% during the second quarter. We Are One Seven LLC now owns 5,659 shares of the software maker’s stock worth $492,000 after buying an additional 350 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Qualys by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,317 shares of the software maker’s stock worth $1,160,000 after buying an additional 200 shares in the last quarter. Finally, SevenBridge Financial Group LLC acquired a new stake in shares of Qualys during the second quarter worth approximately $50,000. Institutional investors own 85.17% of the company’s stock.
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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