Analysts Set Qualys, Inc. (NASDAQ:QLYS) Target Price at $147.00

Shares of Qualys, Inc. (NASDAQ:QLYS) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $147.00.

QLYS has been the subject of several recent research reports. Scotiabank dropped their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. UBS Group decreased their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Truist Financial cut their price objective on shares of Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the sale, the chief financial officer now owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the sale, the chief financial officer now owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,535 shares of company stock valued at $592,670 over the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning lifted its stake in Qualys by 60.9% in the third quarter. Creative Planning now owns 6,580 shares of the software maker’s stock valued at $845,000 after purchasing an additional 2,491 shares during the last quarter. Willis Investment Counsel lifted its stake in Qualys by 3.0% in the 3rd quarter. Willis Investment Counsel now owns 10,172 shares of the software maker’s stock worth $1,307,000 after purchasing an additional 295 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Qualys by 25.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,450 shares of the software maker’s stock valued at $828,000 after acquiring an additional 1,300 shares during the last quarter. Finally, West Coast Financial LLC lifted its position in Qualys by 0.6% during the third quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock valued at $2,977,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Performance

NASDAQ QLYS opened at $125.44 on Friday. The stock has a 50-day simple moving average of $125.03 and a 200 day simple moving average of $141.19. The stock has a market capitalization of $4.63 billion, a PE ratio of 29.04 and a beta of 0.46. Qualys has a twelve month low of $119.32 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Qualys will post 3.94 EPS for the current fiscal year.

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.