Qualys (NASDAQ:QLYS) Research Coverage Started at Jefferies Financial Group

Investment analysts at Jefferies Financial Group initiated coverage on shares of Qualys (NASDAQ:QLYS) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “hold” rating and a $135.00 price target on the software maker’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 7.12% from the stock’s previous close.

Several other analysts have also issued reports on QLYS. Northland Securities reissued a “market perform” rating and issued a $140.00 price target (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Scotiabank decreased their price objective on Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Piper Sandler decreased their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial cut their price objective on shares of Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $146.08.

Qualys Trading Up 0.5 %

Qualys stock opened at $126.03 on Wednesday. The business’s 50 day simple moving average is $124.66 and its 200 day simple moving average is $140.62. Qualys has a 12 month low of $119.32 and a 12 month high of $206.35. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 29.17 and a beta of 0.46.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,535 shares of company stock worth $1,469,140 in the last quarter. 1.00% of the stock is owned by insiders.

Institutional Trading of Qualys

A number of institutional investors have recently made changes to their positions in QLYS. Wallace Advisory Group LLC boosted its position in Qualys by 4.0% during 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 period. Fisher Asset Management LLC grew 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 worth $4,652,000 after buying an additional 89 shares during the last quarter. Bridge City Capital LLC increased its stake in shares of Qualys by 0.8% during the first quarter. Bridge City Capital LLC now owns 12,630 shares of the software maker’s stock valued at $2,108,000 after buying an additional 97 shares during the period. Bank of Montreal Can raised its holdings in shares of Qualys by 2.2% during the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after acquiring an additional 107 shares in the last quarter. Finally, Legacy Advisors LLC lifted its stake in Qualys by 1.4% in the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.