Qualys Inc. (QLYS) Shares Up 2.9%
Qualys Inc. (NASDAQ:QLYS)’s share price shot up 2.9% during trading on Tuesday . The company traded as high as $36.03 and last traded at $35.84, with a volume of 201,643 shares. The stock had previously closed at $34.84.
A number of brokerages have commented on QLYS. Summit Research reissued a “hold” rating and issued a $30.00 price objective on shares of Qualys in a research note on Friday, July 22nd. Imperial Capital reissued an “outperform” rating and issued a $30.00 price objective on shares of Qualys in a research note on Monday, July 25th. TheStreet raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, August 9th. Finally, Summit Redstone reissued a “hold” rating and issued a $30.00 price objective on shares of Qualys in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $32.47.
The stock’s 50 day moving average is $31.49 and its 200-day moving average is $27.93. The company has a market capitalization of $1.26 billion and a P/E ratio of 74.35.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company had revenue of $48.50 million for the quarter, compared to analyst estimates of $48.01 million. The business’s revenue was up 21.3% on a year-over-year basis. Equities analysts anticipate that Qualys Inc. will post $0.79 earnings per share for the current year.
In related news, insider Sumedh S. Thakar sold 3,825 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $31.08, for a total transaction of $118,881.00. Following the completion of the sale, the insider now directly owns 59,560 shares in the company, valued at $1,851,124.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $32.10, for a total transaction of $64,200.00. Following the sale, the vice president now owns 60,293 shares of the company’s stock, valued at $1,935,405.30. The disclosure for this sale can be found here.
Other large investors have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in Qualys during the fourth quarter valued at about $1,622,000. Dimensional Fund Advisors LP purchased a new stake in Qualys during the fourth quarter valued at about $2,355,000. Schwab Charles Investment Management Inc. boosted its stake in Qualys by 8.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 82,134 shares of the company’s stock valued at $2,718,000 after buying an additional 6,182 shares during the last quarter. Marshall Wace LLP boosted its stake in Qualys by 463.9% in the fourth quarter. Marshall Wace LLP now owns 102,023 shares of the company’s stock valued at $3,376,000 after buying an additional 83,930 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Qualys by 1.4% in the fourth quarter. Jennison Associates LLC now owns 253,730 shares of the company’s stock valued at $8,396,000 after buying an additional 3,467 shares during the last quarter.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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