Qualys (NASDAQ:QLYS) Price Target Lowered to $140.00 at Loop Capital

Qualys (NASDAQ:QLYS) had its price objective cut by Loop Capital from $150.00 to $140.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the software maker’s stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. DA Davidson lifted their price target on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Truist Financial increased their price objective on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price target on Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Canaccord Genuity Group cut their price objective on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.25.

Qualys Stock Down 3.7 %

QLYS stock opened at $135.57 on Friday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 29.15 and a beta of 0.56. Qualys has a twelve month low of $119.17 and a twelve month high of $174.73. The business’s fifty day simple moving average is $143.41 and its two-hundred day simple moving average is $135.70.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 39.64% and a net margin of 28.59%. Research analysts expect that Qualys will post 4.31 EPS for the current year.

Insider Activity at Qualys

In other news, insider Bruce K. Posey sold 8,555 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the transaction, the insider now directly owns 64,032 shares in the company, valued at approximately $9,900,627.84. This represents a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 4,000 shares of Qualys stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $146.31, for a total value of $585,240.00. Following the sale, the director now directly owns 12,666 shares in the company, valued at $1,853,162.46. The trade was a 24.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,259 shares of company stock worth $4,578,153. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

Several large investors have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in Qualys by 42.1% during the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock worth $250,000 after acquiring an additional 519 shares during the last quarter. Cetera Investment Advisers boosted its stake in Qualys by 27.3% in the second quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock valued at $1,423,000 after acquiring an additional 2,137 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Qualys during the 2nd quarter valued at approximately $536,000. Handelsbanken Fonder AB increased its stake in shares of Qualys by 23.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,551 shares of the software maker’s stock worth $1,098,000 after purchasing an additional 1,600 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Qualys by 80.8% in the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds 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.