Truist Financial Trims Qualys (NASDAQ:QLYS) Target Price to $165.00

Qualys (NASDAQ:QLYS - Free Report) had its price target cut by Truist Financial from $175.00 to $165.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a hold rating on the software maker's stock.

Several other equities research analysts also recently weighed in on QLYS. Wedbush cut their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their target price on Qualys from $146.00 to $152.00 and gave the company an underweight rating in a report on Thursday, February 8th. StockNews.com cut Qualys from a buy rating to a hold rating in a research note on Sunday, April 21st. Scotiabank initiated coverage on shares of Qualys in a research note on Friday, April 26th. They set a sector perform rating and a $172.00 target price on the stock. Finally, TD Cowen began coverage on shares of Qualys in a research report on Tuesday, March 26th. They set a market perform rating and a $170.00 price objective for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $157.79.

Qualys Stock Performance

Shares of NASDAQ QLYS traded down $16.23 during trading on Wednesday, reaching $149.75. The stock had a trading volume of 1,762,726 shares, compared to its average volume of 471,335. The company has a market cap of $5.53 billion, a P/E ratio of 37.47 and a beta of 0.51. Qualys has a fifty-two week low of $113.00 and a fifty-two week high of $206.35. The business's 50-day moving average price is $166.94 and its 200-day moving average price is $176.05.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.26. The company had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. Analysts forecast that Qualys will post 3.35 EPS for the current fiscal year.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 928 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $167.97, for a total value of $155,876.16. Following the completion of the sale, the chief financial officer now directly owns 93,196 shares of the company's stock, valued at approximately $15,654,132.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,443 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total transaction of $241,457.19. Following the completion of the sale, the insider now directly owns 62,614 shares of the company's stock, valued at approximately $10,477,200.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 928 shares of Qualys stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the completion of the transaction, the chief financial officer now owns 93,196 shares in the company, valued at $15,654,132.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,590 shares of company stock worth $2,419,842. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Qualys

Several large investors have recently modified their holdings of the stock. Signaturefd LLC increased its stake in Qualys by 24.9% in the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker's stock valued at $57,000 after buying an additional 58 shares during the period. Wallace Advisory Group LLC increased its stake in shares of Qualys by 4.0% during the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker's stock worth $275,000 after acquiring an additional 63 shares during the period. Intrust Bank NA raised its holdings in Qualys by 1.4% during the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker's stock worth $978,000 after purchasing an additional 69 shares in the last quarter. KLR Investment Advisors LLC raised its holdings in Qualys by 3.3% during the third quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker's stock worth $364,000 after purchasing an additional 77 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker's stock valued at $65,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 99.31% of the company's stock.

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.