Qualys (NASDAQ:QLYS) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Qualys (NASDAQ:QLYS) in a research note issued to investors on Monday morning,Benzinga reports.

Several other brokerages also recently weighed in on QLYS. Morgan Stanley upped 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. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. TD Cowen lifted 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. Loop Capital reduced their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday. Finally, Royal Bank of Canada decreased their price target on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus price target of $146.57.

Qualys Stock Performance

QLYS stock opened at $137.70 on Monday. Qualys has a one year low of $119.17 and a one year high of $174.31. The firm’s fifty day moving average is $143.05 and its 200 day moving average is $135.53. The firm has a market cap of $5.04 billion, a PE ratio of 29.61 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 39.64%. Research analysts predict that Qualys will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the sale, the insider now directly owns 64,032 shares in the company, valued at approximately $9,900,627.84. The trade was a 11.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the transaction, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at approximately $33,741,295.98. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,259 shares of company stock worth $4,578,153 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in shares of Qualys by 42.1% in the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock valued at $250,000 after buying an additional 519 shares during the period. Cetera Investment Advisers increased its stake in Qualys by 27.3% during the second quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock worth $1,423,000 after purchasing an additional 2,137 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Qualys during the second quarter worth about $536,000. UMB Bank n.a. boosted its stake in shares of Qualys by 80.8% in the third quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock valued at $55,000 after purchasing an additional 193 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings 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 valued at $82,000 after purchasing an additional 223 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.