Qualys (NASDAQ:QLYS) Price Target Lowered to $120.00 at Truist Financial

Qualys (NASDAQ:QLYS) had its price objective reduced by Truist Financial from $130.00 to $120.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a hold rating on the software maker’s stock.

QLYS has been the subject of several other research reports. Royal Bank of Canada lowered their target price on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. TD Cowen decreased their price objective on shares of Qualys from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, October 7th. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. UBS Group decreased their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $140.00 price target (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $144.23.

Qualys Price Performance

Qualys stock opened at $121.50 on Wednesday. The stock has a market cap of $4.49 billion, a PE ratio of 28.13 and a beta of 0.46. The stock’s fifty day moving average is $124.54 and its two-hundred day moving average is $139.04. Qualys has a 1-year low of $119.32 and a 1-year high of $206.35.

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

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 11,535 shares of company stock valued at $1,442,641 over the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Qualys

Several institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its stake in shares of Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC increased its holdings in Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after buying an additional 169 shares in the last quarter. DecisionPoint Financial LLC purchased a new position in Qualys in the first quarter valued at about $34,000. UMB Bank n.a. lifted its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares during the period. Finally, Quarry LP purchased a new stake in shares of Qualys during the 2nd quarter worth approximately $40,000. 99.31% of the stock is currently 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.