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DA Davidson Forecasts Strong Price Appreciation for Qualys (NASDAQ:QLYS) Stock

Qualys logo with Computer and Technology background

Key Points

  • DA Davidson has raised its price target for Qualys (NASDAQ:QLYS) from $130.00 to $135.00, indicating a potential upside of 3.28%.
  • Several analysts have updated their ratings for Qualys, with Jefferies increasing its target to $150.00 and upgrading their rating to "hold."
  • Qualys reported $1.68 earnings per share for its recent quarter, surpassing expectations, and achieved a revenue of $164.06 million, marking a 10.3% year-over-year increase.
  • Looking to Export and Analyze Qualys Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Qualys (NASDAQ:QLYS - Get Free Report) had its price objective increased by analysts at DA Davidson from $130.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. DA Davidson's price target points to a potential upside of 3.28% from the stock's previous close.

Several other brokerages also recently weighed in on QLYS. Jefferies Financial Group raised their target price on Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a research note on Wednesday. Wall Street Zen upgraded Qualys from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Scotiabank lifted their price target on Qualys from $142.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Wednesday. UBS Group lifted their price target on Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $139.14.

Get Our Latest Analysis on QLYS

Qualys Stock Up 0.1%

Shares of QLYS traded up $0.11 on Wednesday, reaching $130.72. The stock had a trading volume of 563,055 shares, compared to its average volume of 337,151. The firm has a 50-day moving average of $139.89 and a 200 day moving average of $134.53. The firm has a market capitalization of $4.75 billion, a PE ratio of 26.73 and a beta of 0.56. Qualys has a twelve month low of $112.61 and a twelve month high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.21. The company had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 EPS. On average, sell-side analysts anticipate that Qualys will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, CFO Joo Mi Kim sold 845 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $139.96, for a total transaction of $118,266.20. Following the sale, the chief financial officer directly owned 100,075 shares of the company's stock, valued at approximately $14,006,497. This represents a 0.84% 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 link. Also, CEO Sumedh S. Thakar sold 12,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the sale, the chief executive officer directly owned 217,962 shares in the company, valued at $32,530,828.50. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,580 shares of company stock worth $5,885,177. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Qualys

Large investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Qualys during the second quarter valued at approximately $44,000. SBI Securities Co. Ltd. grew its stake in shares of Qualys by 82.7% during the first quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock valued at $46,000 after purchasing an additional 167 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after purchasing an additional 156 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Qualys during the fourth quarter valued at approximately $54,000. Finally, Manchester Capital Management LLC grew its stake in shares of Qualys by 52.4% during the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock valued at $55,000 after purchasing an additional 150 shares during the last quarter. 99.31% of the stock is owned by institutional investors.

Qualys Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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