Qualys, Inc. (NASDAQ:QLYS) Receives $146.57 Consensus Target Price from Analysts

Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $146.57.

A number of equities analysts have weighed in on QLYS shares. Loop Capital lowered their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada lowered 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 report on Friday, February 7th. StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Canaccord Genuity Group decreased their target price on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, TD Cowen increased their price target on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $142.24, for a total value of $121,615.20. Following the completion of the transaction, the insider now directly owns 63,177 shares of the company’s stock, valued at $8,986,296.48. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total transaction of $941,430.00. Following the sale, the chief executive officer now directly owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,288 shares of company stock valued at $5,204,906. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp raised its stake in shares of Qualys by 42.1% in the second quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock valued at $250,000 after acquiring an additional 519 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Qualys by 53.6% in the 3rd 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. Creative Planning boosted its stake in shares of Qualys by 60.9% in the 3rd quarter. Creative Planning now owns 6,580 shares of the software maker’s stock valued at $845,000 after buying an additional 2,491 shares during the period. Marshall Financial Group LLC boosted its stake in shares of Qualys by 2.2% in the 3rd quarter. Marshall Financial Group LLC now owns 10,312 shares of the software maker’s stock valued at $1,325,000 after buying an additional 219 shares during the period. Finally, AlphaMark Advisors LLC grew its position in shares of Qualys by 40.3% during the third quarter. AlphaMark Advisors LLC now owns 2,605 shares of the software maker’s stock worth $335,000 after buying an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Trading Down 4.5 %

NASDAQ:QLYS opened at $139.40 on Friday. The company has a market cap of $5.10 billion, a P/E ratio of 29.98 and a beta of 0.56. Qualys has a twelve month low of $119.17 and a twelve month high of $174.31. The company’s 50-day moving average price is $140.56 and its 200-day moving average price is $135.48.

Qualys (NASDAQ:QLYS) last released its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, analysts expect that Qualys will post 3.85 earnings per share 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.