Qualys, Inc. (NASDAQ:QLYS) Receives Average Rating of "Hold" from Analysts

Shares of Qualys, Inc. (NASDAQ:QLYS - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen brokerages that are covering the company, MarketBeat reports. Two research 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 objective among analysts that have covered the stock in the last year is $146.57.

Several brokerages have recently issued reports on QLYS. Scotiabank decreased their price objective on Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. StockNews.com raised Qualys from a "hold" rating to a "buy" rating in a research report on Wednesday. Canaccord Genuity Group cut their target price on Qualys from $170.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Northland Securities reissued a "market perform" rating and set a $146.00 target price (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Qualys in a research report on Monday, February 10th.

Remove Ads

Insider Transactions at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bruce K. Posey sold 525 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $139.48, for a total value of $73,227.00. Following the sale, the insider now owns 65,373 shares of the company's stock, valued at $9,118,226.04. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,926 shares of company stock valued at $3,745,742. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cim LLC raised its stake in Qualys by 2.7% in the fourth quarter. Cim LLC now owns 8,463 shares of the software maker's stock valued at $1,187,000 after buying an additional 221 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Qualys in the fourth quarter valued at about $273,000. Formidable Asset Management LLC raised its stake in Qualys by 58.2% in the fourth quarter. Formidable Asset Management LLC now owns 8,068 shares of the software maker's stock valued at $1,131,000 after buying an additional 2,967 shares during the last quarter. Novem Group purchased a new stake in Qualys in the fourth quarter valued at about $728,000. Finally, Taylor Hoffman Capital Management LLC raised its stake in Qualys by 5.0% in the fourth quarter. Taylor Hoffman Capital Management LLC now owns 28,276 shares of the software maker's stock valued at $3,965,000 after buying an additional 1,356 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Stock Down 1.2 %

NASDAQ QLYS traded down $1.52 during trading hours on Tuesday, reaching $121.57. The company's stock had a trading volume of 238,079 shares, compared to its average volume of 393,843. The firm's 50-day moving average price is $136.84 and its 200-day moving average price is $135.88. Qualys has a 1 year low of $119.17 and a 1 year high of $174.20. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 26.14 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Equities research analysts anticipate that Qualys will post 3.85 EPS for the current fiscal year.

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.