Qualys, Inc. (NASDAQ:QLYS) Receives $142.14 Average Target Price from Brokerages

Shares of Qualys, Inc. (NASDAQ:QLYS) have received an average rating of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $142.1429.

A number of analysts have commented on QLYS shares. Scotiabank reduced their price objective on Qualys from $150.00 to $139.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 5th. Canaccord Genuity Group upped their target price on Qualys from $158.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research raised shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Robert W. Baird set a $150.00 price objective on shares of Qualys in a research note on Wednesday, November 5th.

Qualys Price Performance

Shares of QLYS opened at $152.53 on Thursday. The company has a market capitalization of $5.47 billion, a PE ratio of 29.56 and a beta of 0.55. Qualys has a one year low of $112.61 and a one year high of $155.47. The company’s fifty day moving average price is $137.50 and its 200 day moving average price is $136.98.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. Qualys had a return on equity of 37.40% and a net margin of 28.96%.The company had revenue of $169.88 million for the quarter, compared to the consensus estimate of $166.30 million. During the same period last year, the business posted $1.56 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.930-7.000 EPS and its Q4 2025 guidance at 1.730-1.800 EPS. Analysts anticipate that Qualys will post 3.85 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 7,506 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $146.59, for a total value of $1,100,304.54. Following the completion of the transaction, the chief financial officer directly owned 108,074 shares of the company’s stock, valued at approximately $15,842,567.66. This represents a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sumedh S. Thakar sold 8,500 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $132.49, for a total value of $1,126,165.00. Following the completion of the sale, the chief executive officer directly owned 205,951 shares in the company, valued at approximately $27,286,447.99. This represents a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,635 shares of company stock valued at $4,486,535 over the last quarter. Corporate insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Qualys

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in Qualys by 4.6% during the 1st quarter. LPL Financial LLC now owns 36,751 shares of the software maker’s stock worth $4,628,000 after purchasing an additional 1,615 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Qualys by 9.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the software maker’s stock valued at $705,000 after buying an additional 463 shares during the period. Citigroup Inc. boosted its stake in Qualys by 4.1% in the first quarter. Citigroup Inc. now owns 62,729 shares of the software maker’s stock valued at $7,899,000 after acquiring an additional 2,482 shares during the last quarter. Invesco Ltd. grew its holdings in Qualys by 2.8% during the 1st quarter. Invesco Ltd. now owns 415,582 shares of the software maker’s stock worth $52,334,000 after acquiring an additional 11,481 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Qualys during the 1st quarter valued at $772,000. 99.31% of the stock is 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.