StockNews.com Lowers Qualys (NASDAQ:QLYS) to Hold

StockNews.com cut shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a research note published on Sunday.

A number of other analysts have also weighed in on QLYS. Wedbush cut their price objective on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a research note on Thursday, February 8th. Stephens restated an equal weight rating and set a $190.00 price target on shares of Qualys in a research report on Thursday, February 8th. TD Cowen initiated coverage on shares of Qualys in a research report on Tuesday, March 26th. They set a market perform rating and a $170.00 price target on the stock. Royal Bank of Canada dropped their price target on shares of Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a research report on Thursday, February 8th. Finally, Truist Financial raised their price target on shares of Qualys from $145.00 to $175.00 and gave the company a hold rating in a research report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Qualys currently has an average rating of Hold and an average target price of $153.23.

Qualys Stock Performance

Shares of QLYS opened at $172.11 on Friday. Qualys has a fifty-two week low of $107.00 and a fifty-two week high of $206.35. The stock has a market capitalization of $6.36 billion, a PE ratio of 42.60 and a beta of 0.51. The company has a 50 day moving average price of $166.41 and a 200-day moving average price of $175.60.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. The firm had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. Equities research analysts forecast that Qualys will post 3.35 EPS for the current year.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,443 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $167.33, for a total value of $241,457.19. Following the transaction, the insider now directly owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Bruce K. Posey sold 1,443 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $167.33, for a total value of $241,457.19. Following the transaction, the insider now directly owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The transaction was disclosed in a legal 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 dated Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the transaction, the chief financial officer now directly owns 100,289 shares in the company, valued at $16,523,615.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,792 shares of company stock valued at $2,455,489. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Qualys in the fourth quarter worth approximately $30,000. Rise Advisors LLC purchased a new stake in shares of Qualys during the 1st quarter worth approximately $26,000. Global Retirement Partners LLC lifted its position in shares of Qualys by 1,666.7% during the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of 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 buying an additional 169 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Qualys by 218.2% during the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock worth $41,000 after buying an additional 144 shares during the last quarter. 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.