Qualys, Inc. (NASDAQ:QLYS) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned an average recommendation of “Reduce” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $152.80.

Several equities analysts have recently commented on QLYS shares. TD Cowen boosted their target price on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Morgan Stanley boosted their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. DA Davidson raised their price target on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th.

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction that occurred on 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 directly owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. This trade represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,715 shares of company stock worth $4,406,251. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. UMB Bank n.a. raised its holdings in shares of Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the period. Quarry LP acquired a new position in Qualys during the 2nd quarter worth approximately $40,000. Exchange Traded Concepts LLC boosted its holdings in 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 acquiring an additional 223 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Qualys by 68.6% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after acquiring an additional 297 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Qualys by 21.6% during the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock valued at $140,000 after acquiring an additional 194 shares in the last quarter. 99.31% of the stock is owned by institutional investors.

Qualys Stock Up 1.8 %

Shares of NASDAQ:QLYS opened at $141.59 on Thursday. Qualys has a 12-month low of $119.17 and a 12-month high of $205.00. The company’s 50 day moving average price is $142.47 and its two-hundred day moving average price is $135.81. The firm has a market cap of $5.18 billion, a PE ratio of 31.19 and a beta of 0.54.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. On average, research analysts expect that Qualys will post 4.34 EPS for the current 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.