Qualys (NASDAQ:QLYS) PT Lowered to $150.00

Qualys (NASDAQ:QLYS) had its target price cut by equities researchers at Royal Bank of Canada from $180.00 to $150.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “sector perform” rating on the software maker’s stock. Royal Bank of Canada’s price target suggests a potential upside of 18.10% from the company’s current price.

QLYS has been the topic of a number of other reports. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Monday. Wedbush reduced their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler cut their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday. Finally, StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.92.

Qualys Price Performance

NASDAQ:QLYS traded down $0.12 during mid-day trading on Wednesday, hitting $127.01. The company’s stock had a trading volume of 125,188 shares, compared to its average volume of 454,727. The business’s fifty day moving average is $139.97 and its two-hundred day moving average is $157.11. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 29.43 and a beta of 0.49. Qualys has a 1 year low of $121.64 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Analysts anticipate that Qualys will post 3.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the sale, the chief financial officer now owns 87,077 shares of the company’s stock, valued at $11,662,222.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Wendy Pfeiffer sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $145.72, for a total value of $291,440.00. Following the sale, the director now owns 8,490 shares of the company’s stock, valued at $1,237,162.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88. Following the completion of the sale, the chief financial officer now directly owns 87,077 shares in the company, valued at $11,662,222.61. The disclosure for this sale can be found here. Insiders have sold 29,715 shares of company stock worth $4,142,951 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of Qualys by 24.9% during the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after acquiring an additional 58 shares in the last quarter. Wallace Advisory Group LLC lifted its position in shares of Qualys by 4.0% during the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares during the last quarter. Intrust Bank NA boosted its holdings in shares of 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 buying an additional 69 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Qualys by 33.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after buying an additional 83 shares during the last quarter. Finally, Covenant Partners LLC raised its stake in Qualys by 3.5% during the 4th quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock worth $492,000 after acquiring an additional 84 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

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.