Qualys (NASDAQ:QLYS) Coverage Initiated by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Qualys (NASDAQ:QLYS) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a hold rating on the software maker’s stock.

A number of other research analysts also recently commented on QLYS. Jefferies Financial Group initiated coverage on shares of Qualys in a report on Wednesday, October 16th. They set a “hold” rating and a $135.00 price objective for the company. Scotiabank decreased their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Piper Sandler reduced their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Northland Securities reissued a “market perform” rating and issued a $140.00 target price (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

Shares of Qualys stock opened at $159.23 on Wednesday. Qualys has a 1-year low of $119.17 and a 1-year high of $206.35. The business has a 50-day moving average of $124.93 and a 200-day moving average of $136.32. The company has a market capitalization of $5.86 billion, a PE ratio of 35.07 and a beta of 0.47.

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

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the sale, the insider now owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,919 shares of company stock valued at $1,360,140. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in Qualys by 36.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock valued at $3,374,000 after buying an additional 5,508 shares in the last quarter. SG Americas Securities LLC grew its holdings in Qualys by 2,459.9% during the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock valued at $6,151,000 after purchasing an additional 41,450 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Qualys in the first quarter valued at approximately $1,139,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Qualys by 13.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock worth $18,048,000 after buying an additional 12,915 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Qualys by 57.7% during the 2nd quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after buying an additional 5,004 shares during the period. 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.