Wall Street Zen cut shares of Qualys (NASDAQ:QLYS – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday,Wall Street Zen reports.
Other research analysts have also issued reports about the company. Scotiabank boosted their target price on Qualys from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Canaccord Genuity Group set a $190.00 price target on Qualys in a report on Wednesday, August 5th. Weiss Ratings raised shares of Qualys from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. TD Cowen lifted their price objective on shares of Qualys from $170.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 13th. Finally, Truist Financial upped their price objective on shares of Qualys from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $185.87.
Read Our Latest Stock Report on QLYS
Qualys Stock Performance
Shares of NASDAQ:QLYS opened at $210.89 on Monday. Qualys has a 52-week low of $74.51 and a 52-week high of $235.54. The company has a market capitalization of $7.30 billion, a P/E ratio of 36.06 and a beta of 0.54. The company has a 50-day simple moving average of $190.27 and a 200 day simple moving average of $136.09.
Qualys (NASDAQ:QLYS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%. The firm had revenue of $182.18 million for the quarter, compared to the consensus estimate of $178.57 million. During the same quarter in the previous year, the business earned $1.68 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Qualys will post 5.84 earnings per share for the current year.
Insider Transactions at Qualys
In related news, insider Bruce Posey sold 881 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $189.52, for a total value of $166,967.12. Following the completion of the transaction, the insider owned 57,807 shares of the company’s stock, valued at $10,955,582.64. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joo Mi Kim sold 2,659 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $209.66, for a total transaction of $557,485.94. Following the sale, the chief financial officer directly owned 68,208 shares of the company’s stock, valued at $14,300,489.28. This represents a 3.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,672 shares of company stock valued at $2,192,747. 0.72% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Qualys
A number of large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Qualys in the second quarter valued at approximately $792,316,000. Legal & General Group Plc acquired a new position in Qualys during the second quarter valued at approximately $197,624,000. Arrowstreet Capital Limited Partnership raised its position in Qualys by 127.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 832,796 shares of the software maker’s stock valued at $73,161,000 after purchasing an additional 465,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Qualys by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 763,099 shares of the software maker’s stock worth $67,041,000 after purchasing an additional 45,718 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Qualys by 3.6% during the first quarter. Renaissance Technologies LLC now owns 497,600 shares of the software maker’s stock worth $43,714,000 after purchasing an additional 17,300 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.
About Qualys
Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.
The company’s offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.
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