Qualys (NASDAQ:QLYS) Price Target Raised to $155.00

Qualys (NASDAQ:QLYS) had its target price lifted by equities researchers at Jefferies Financial Group from $135.00 to $155.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 4.42% from the stock’s current price.

A number of other equities analysts have also commented on QLYS. Wedbush cut their price objective on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC began coverage on shares of Qualys in a research note on Wednesday. They issued a “hold” rating on the stock. Piper Sandler cut their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” 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 Wednesday. Finally, UBS Group cut their target price on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $151.47.

Qualys Trading Up 15.8 %

QLYS stock traded up $20.21 during trading on Wednesday, reaching $148.44. The stock had a trading volume of 1,116,177 shares, compared to its average volume of 433,159. Qualys has a 1-year low of $119.17 and a 1-year high of $206.35. The company has a market capitalization of $5.46 billion, a P/E ratio of 32.70 and a beta of 0.47. The firm has a fifty day moving average price of $124.24 and a 200 day moving average price of $136.16.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm 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 business posted $0.95 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Sell-side analysts predict that Qualys will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the transaction, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the transaction, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the transaction, the chief financial officer now owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,919 shares of company stock worth $1,360,140. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Qualys by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after acquiring an additional 83,504 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after acquiring an additional 117,079 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Qualys by 15.3% in the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock valued at $67,607,000 after acquiring an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Qualys by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after acquiring an additional 3,357 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of Qualys by 1.3% in the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after acquiring an additional 4,932 shares in the last quarter. 99.31% of the stock is currently owned by 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.