Qualys (NASDAQ:QLYS - Get Free Report) had its price target raised by stock analysts at Scotiabank from $142.00 to $150.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "sector perform" rating on the software maker's stock. Scotiabank's price target indicates a potential upside of 17.06% from the company's previous close.
QLYS has been the subject of several other research reports. Canaccord Genuity Group lowered their target price on shares of Qualys from $163.00 to $158.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of Qualys from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. UBS Group increased their target price on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Qualys from $131.00 to $140.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Wedbush decreased their price objective on shares of Qualys from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Qualys presently has a consensus rating of "Hold" and an average target price of $141.00.
View Our Latest Stock Analysis on Qualys
Qualys Stock Performance
Shares of Qualys stock traded down $0.49 during trading hours on Wednesday, reaching $128.14. The company's stock had a trading volume of 84,882 shares, compared to its average volume of 338,553. Qualys has a one year low of $112.61 and a one year high of $170.00. The company has a market capitalization of $4.65 billion, a P/E ratio of 25.61 and a beta of 0.56. The stock's fifty day simple moving average is $139.60 and its two-hundred day simple moving average is $134.44.
Qualys (NASDAQ:QLYS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The firm had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same period last year, the firm earned $1.52 earnings per share. The business's quarterly revenue was up 10.3% compared to the same quarter last year. As a group, research analysts forecast that Qualys will post 3.85 earnings per share for the current year.
Insider Buying and Selling at Qualys
In other news, CEO Sumedh S. Thakar sold 8,500 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $138.40, for a total value of $1,176,400.00. Following the completion of the sale, the chief executive officer directly owned 215,962 shares in the company, valued at approximately $29,889,140.80. The trade was a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 1,018 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $132.26, for a total transaction of $134,640.68. Following the sale, the chief financial officer owned 94,468 shares of the company's stock, valued at $12,494,337.68. This represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,598 shares of company stock valued at $6,019,818 over the last quarter. Company insiders own 0.88% of the company's stock.
Institutional Investors Weigh In On Qualys
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey raised its holdings in Qualys by 1.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,212 shares of the software maker's stock valued at $1,173,000 after buying an additional 101 shares during the last quarter. denkapparat Operations GmbH bought a new stake in Qualys during the 2nd quarter valued at $300,000. Profund Advisors LLC purchased a new position in Qualys during the 2nd quarter valued at $207,000. Acadian Asset Management LLC increased its position in Qualys by 100.6% during the 2nd quarter. Acadian Asset Management LLC now owns 136,835 shares of the software maker's stock valued at $19,535,000 after purchasing an additional 68,632 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its position in Qualys by 449.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 19,340 shares of the software maker's stock valued at $2,763,000 after purchasing an additional 15,822 shares during the period. 99.31% of the stock is currently owned by institutional investors.
About Qualys
(
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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