Brokerages Set Qualys, Inc. (NASDAQ:QLYS) Target Price at $152.80

Qualys, Inc. (NASDAQ:QLYS) has been given a consensus rating of “Reduce” by the eighteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $152.80.

QLYS has been the subject of several analyst reports. Truist Financial increased their price target on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Needham & Company LLC started coverage on shares of Qualys in a research report on Wednesday, November 6th. They set a “hold” rating for the company. DA Davidson lifted their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. TD Cowen increased their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group upped their target price on Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th.

Insider Transactions at Qualys

In other Qualys news, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the transaction, the insider now directly owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,715 shares of company stock worth $4,406,251 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QLYS. UMB Bank n.a. increased its holdings in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after acquiring an additional 143 shares in the last quarter. Quarry LP purchased a new stake in shares of Qualys during the second quarter worth about $40,000. Exchange Traded Concepts LLC raised its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Qualys by 68.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock valued at $94,000 after buying an additional 297 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Qualys by 21.6% in the 3rd quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Stock Down 0.1 %

Shares of QLYS stock opened at $139.63 on Thursday. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 30.76 and a beta of 0.54. Qualys has a 52-week low of $119.17 and a 52-week high of $201.03. The company’s 50 day moving average is $143.76 and its 200 day moving average is $135.87.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Analysts anticipate that Qualys will post 4.34 EPS for the current fiscal 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.