Qualys (NASDAQ:QLYS) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a research note released on Saturday.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a report on Thursday, February 8th. Truist Financial lifted their target price on shares of Qualys from $145.00 to $175.00 and gave the company a hold rating in a report on Tuesday, January 16th. Wedbush cut their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a report on Thursday, February 8th. TD Cowen began coverage on shares of Qualys in a report on Tuesday, March 26th. They issued a market perform rating and a $170.00 target price on the stock. Finally, Stephens reaffirmed an equal weight rating and issued a $190.00 target price on shares of Qualys in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $153.23.

Qualys Stock Up 1.5 %

Shares of Qualys stock opened at $164.46 on Friday. Qualys has a 52-week low of $107.00 and a 52-week high of $206.35. The company has a 50 day moving average of $167.28 and a 200 day moving average of $175.14. The company has a market capitalization of $6.08 billion, a P/E ratio of 40.71 and a beta of 0.51.

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

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total transaction of $197,780.00. Following the sale, the insider now directly owns 63,255 shares in the company, valued at approximately $12,510,573.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the sale, the insider now directly owns 63,255 shares in the company, valued at approximately $12,510,573.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $169.49, for a total transaction of $191,523.70. Following the completion of the sale, the chief financial officer now owns 96,734 shares in the company, valued at $16,395,445.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,315 shares of company stock worth $1,750,397. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Qualys by 24.9% in the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after purchasing an additional 58 shares during the last quarter. Wallace Advisory Group LLC raised its stake in Qualys by 4.0% in the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the last quarter. Intrust Bank NA raised its stake in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after purchasing an additional 69 shares during the last quarter. KLR Investment Advisors LLC increased its stake in shares of Qualys by 3.3% during the 3rd quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker’s stock valued at $364,000 after acquiring an additional 77 shares during the last quarter. Finally, Park Place Capital Corp increased its stake in shares of Qualys by 12.3% during the 3rd quarter. Park Place Capital Corp now owns 733 shares of the software maker’s stock valued at $112,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds 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.