Analysts Set Qualys, Inc. (NASDAQ:QLYS) PT at $152.80

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) has earned an average rating of "Reduce" from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $152.80.

A number of research firms recently commented on QLYS. Canaccord Genuity Group lifted their price target on shares of Qualys from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group boosted their target price on Qualys from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. DA Davidson upped their price target on Qualys from $120.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. TD Cowen lifted their price objective on Qualys from $130.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Finally, Truist Financial upped their price objective on shares of Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, November 6th.

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total value of $1,047,620.00. Following the transaction, the chief executive officer now owns 225,453 shares of the company's stock, valued at $33,741,295.98. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce K. Posey sold 855 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $142.24, for a total value of $121,615.20. Following the sale, the insider now owns 63,177 shares in the company, valued at $8,986,296.48. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,377 shares of company stock worth $4,454,973. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Qualys in the second quarter worth $40,000. UMB Bank n.a. increased its position in shares of Qualys by 80.8% in the third quarter. UMB Bank n.a. now owns 432 shares of the software maker's stock valued at $55,000 after acquiring an additional 193 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock valued at $82,000 after acquiring an additional 223 shares during the period. Mendota Financial Group LLC bought a new position in shares of Qualys during the fourth quarter valued at about $91,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Qualys by 68.6% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker's stock worth $94,000 after purchasing an additional 297 shares during the last quarter. 99.31% of the stock is owned by institutional investors.

Qualys Stock Up 0.3 %

Qualys stock traded up $0.44 during mid-day trading on Monday, reaching $136.96. 406,445 shares of the company's stock were exchanged, compared to its average volume of 298,685. The business's fifty day simple moving average is $145.82 and its 200 day simple moving average is $135.69. Qualys has a one year low of $119.17 and a one year high of $201.03. The firm has a market capitalization of $5.01 billion, a PE ratio of 30.17 and a beta of 0.57.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million for the quarter, compared to analysts' expectations of $150.74 million. During the same period in the previous year, the business posted $1.24 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, sell-side analysts forecast that Qualys will post 4.34 earnings per share for the current 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.