Qualys, Inc. (NASDAQ:QLYS) Receives $147.83 Average Target Price from Analysts

Qualys, Inc. (NASDAQ:QLYS) has been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $147.83.

Several equities analysts recently issued reports on QLYS shares. TD Cowen lowered their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Truist Financial cut their price target on Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Wedbush decreased their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Piper Sandler dropped their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $124.41 on Tuesday. The stock has a market capitalization of $4.60 billion, a P/E ratio of 28.80 and a beta of 0.46. The company’s 50-day moving average is $130.65 and its 200 day moving average is $145.75. Qualys has a 1 year low of $119.32 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that Qualys will post 3.94 earnings per share for the current year.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the sale, the insider now directly owns 58,947 shares in the company, valued at approximately $8,450,052.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the firm’s 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 sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,205 shares of company stock valued at $1,444,369. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Qualys

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

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.