Qualys, Inc. (NASDAQ:QLYS) Given Average Recommendation of "Hold" by Brokerages

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) has received an average recommendation of "Hold" from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $162.23.

A number of research analysts recently weighed in on the stock. Wedbush reduced their price objective on shares of Qualys from $230.00 to $210.00 and set an "outperform" rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an "underweight" rating in a report on Thursday, February 8th. Stephens restated an "equal weight" rating and set a $190.00 target price on shares of Qualys in a research report on Thursday, February 8th. Truist Financial dropped their price target on Qualys from $175.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, May 8th. Finally, Robert W. Baird decreased their price objective on shares of Qualys from $175.00 to $170.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 8th.

Qualys Trading Down 0.7 %

Shares of QLYS stock traded down $1.06 during trading hours on Wednesday, hitting $148.67. 493,000 shares of the company were exchanged, compared to its average volume of 470,066. Qualys has a 52-week low of $115.62 and a 52-week high of $206.35. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 34.41 and a beta of 0.51. The firm has a fifty day simple moving average of $164.76 and a 200 day simple moving average of $175.74.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 723 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the sale, the chief financial officer now owns 100,289 shares of the company's stock, valued at $16,523,615.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Sumedh S. Thakar sold 4,120 shares of Qualys stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the transaction, the chief executive officer now directly owns 194,481 shares of the company's stock, valued at $32,598,905.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joo Mi Kim sold 723 shares of Qualys stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the transaction, the chief financial officer now directly owns 100,289 shares in the company, valued at $16,523,615.64. The disclosure for this sale can be found here. Insiders have sold 14,590 shares of company stock valued at $2,419,842 in the last ninety days. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Qualys in the fourth quarter valued at $30,000. Rise Advisors LLC bought a new stake in Qualys in the first quarter valued at $26,000. Global Retirement Partners LLC boosted its holdings in Qualys by 1,666.7% in the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Sound Income Strategies LLC boosted 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 acquiring an additional 169 shares in the last quarter. Finally, DecisionPoint Financial LLC bought a new stake in Qualys in the first quarter valued at $34,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

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.