Qualys (NASDAQ:QLYS) Now Covered by Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Qualys (NASDAQ:QLYS - Free Report) in a report issued on Wednesday morning, StockNewsAPI reports. The brokerage issued a hold rating on the software maker's stock.

Other equities analysts also recently issued research reports about the stock. Piper Sandler cut their price target on shares of Qualys from $116.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada cut their price target on shares of Qualys from $180.00 to $150.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley increased their price target on shares of Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a research note on Wednesday. StockNews.com downgraded shares of Qualys from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Finally, Scotiabank cut their price target on shares of Qualys from $167.00 to $150.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $152.80.

Qualys Price Performance

Shares of NASDAQ QLYS traded up $31.00 on Wednesday, hitting $159.23. The company's stock had a trading volume of 2,996,959 shares, compared to its average volume of 441,907. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 35.12 and a beta of 0.47. The stock has a 50 day moving average of $124.24 and a 200-day moving average of $136.16. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Sell-side analysts expect that Qualys will post 3.94 EPS for the current fiscal year.

Insider Activity at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction 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 in the company, valued at $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction 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 in the company, valued at $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the transaction, the insider now owns 55,618 shares in the company, valued at $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,919 shares of company stock valued at $1,360,140. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QLYS. Commonwealth Equity Services LLC lifted its position in shares of Qualys by 10.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,983 shares of the software maker's stock worth $665,000 after buying an additional 380 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Qualys by 0.5% in the 1st quarter. BNP Paribas Financial Markets now owns 61,121 shares of the software maker's stock valued at $10,199,000 after purchasing an additional 306 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Qualys by 93.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,150 shares of the software maker's stock valued at $1,193,000 after purchasing an additional 3,450 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Qualys in the 1st quarter valued at about $240,000. Finally, Central Pacific Bank Trust Division bought a new stake in Qualys in the 1st quarter valued at about $119,000. 99.31% of the stock is currently owned by institutional investors.

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.