Qualys, Inc. (NASDAQ:QLYS) Receives Average Rating of "Reduce" from Analysts

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the seventeen analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $137.50.

A number of analysts have issued reports on QLYS shares. JPMorgan Chase & Co. reduced their target price on shares of Qualys from $122.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada lifted their price target on shares of Qualys from $131.00 to $140.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group dropped their price target on shares of Qualys from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group dropped their price target on shares of Qualys from $145.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Finally, Wall Street Zen raised shares of Qualys from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,018 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $126.75, for a total value of $129,031.50. Following the sale, the chief financial officer owned 100,920 shares of the company's stock, valued at $12,791,610. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 12,000 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $149.25, for a total transaction of $1,791,000.00. Following the completion of the sale, the chief executive officer directly owned 217,962 shares in the company, valued at $32,530,828.50. This trade represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,597 shares of company stock worth $6,517,773. 0.88% of the stock is owned by insiders.

Institutional Investors Weigh In On Qualys

Institutional investors and hedge funds have recently bought and sold shares of the business. Tandem Investment Advisors Inc. increased its holdings in Qualys by 24.4% in the 1st quarter. Tandem Investment Advisors Inc. now owns 41,370 shares of the software maker's stock valued at $5,210,000 after buying an additional 8,120 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Qualys by 4.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,143 shares of the software maker's stock valued at $1,036,000 after buying an additional 310 shares during the period. Principal Financial Group Inc. increased its holdings in Qualys by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 110,027 shares of the software maker's stock valued at $13,856,000 after buying an additional 1,177 shares during the period. Novem Group increased its holdings in Qualys by 35.0% in the 1st quarter. Novem Group now owns 7,008 shares of the software maker's stock valued at $883,000 after buying an additional 1,817 shares during the period. Finally, Verity Asset Management Inc. bought a new stake in Qualys in the 1st quarter valued at $360,000. Institutional investors own 99.31% of the company's stock.

Qualys Stock Performance

Shares of QLYS stock traded up $1.08 during trading on Monday, hitting $139.55. 344,218 shares of the company were exchanged, compared to its average volume of 369,567. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 28.54 and a beta of 0.62. The business's 50-day simple moving average is $139.72 and its 200 day simple moving average is $134.57. Qualys has a twelve month low of $112.61 and a twelve month high of $170.00.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The software maker reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.21. The firm had revenue of $159.90 million during the quarter, compared to analysts' expectations of $157.05 million. Qualys had a net margin of 29.19% and a return on equity of 38.05%. The company's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. On average, equities analysts forecast that Qualys will post 3.85 earnings per share for the current fiscal year.

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.