Qualys’ (QLYS) Hold Rating Reiterated at Needham & Company LLC

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

QLYS has been the topic of several other reports. StockNews.com raised shares of Qualys from a hold rating to a buy rating in a report on Thursday, May 9th. Truist Financial lowered their target price on Qualys from $175.00 to $165.00 and set a hold rating on the stock in a research note on Wednesday, May 8th. Wedbush dropped their target price on Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on Qualys from $146.00 to $152.00 and gave the company an underweight rating in a report on Thursday, February 8th. Finally, Scotiabank assumed coverage on shares of Qualys in a research note on Friday, April 26th. They set a sector perform rating and a $172.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $162.23.

Qualys Price Performance

NASDAQ QLYS opened at $148.67 on Monday. Qualys has a 1 year low of $115.62 and a 1 year high of $206.35. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 34.41 and a beta of 0.51. The stock’s fifty day moving average price is $164.76 and its 200 day moving average price is $175.74.

Insider Activity

In related news, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total transaction of $235,821.30. Following the sale, the insider now directly owns 63,057 shares of the company’s stock, valued at approximately $10,398,729.87. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Bruce K. Posey sold 1,430 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares of the company’s stock, valued at $10,398,729.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Joo Mi Kim sold 723 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the sale, the chief financial officer now directly owns 100,289 shares in the company, valued at approximately $16,523,615.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,590 shares of company stock valued at $2,419,842. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC acquired a new position in Qualys in the first quarter valued at approximately $26,000. Global Retirement Partners LLC boosted its holdings in shares of Qualys by 1,666.7% in the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Qualys in the 4th quarter valued at $30,000. Sound Income Strategies LLC raised its stake in Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after acquiring an additional 169 shares in the last quarter. Finally, DecisionPoint Financial LLC acquired a new position in Qualys in the first quarter valued at $34,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.