Loop Capital Cuts Qualys (NASDAQ:QLYS) Price Target to $140.00

Qualys (NASDAQ:QLYS - Get Free Report) had its price target cut by research analysts at Loop Capital from $150.00 to $140.00 in a report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the software maker's stock. Loop Capital's price objective points to a potential upside of 1.95% from the company's previous close.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Qualys from $123.00 to $126.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Wolfe Research raised Qualys from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday, November 6th. They issued a "hold" rating for the company. Truist Financial raised their price objective on Qualys from $120.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group boosted their target price on Qualys from $135.00 to $155.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $146.57.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded down $0.38 on Friday, hitting $137.32. 260,601 shares of the company were exchanged, compared to its average volume of 393,670. Qualys has a one year low of $119.17 and a one year high of $174.31. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 29.53 and a beta of 0.56. The company's 50 day moving average price is $142.69 and its two-hundred day moving average price is $135.49.

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 the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 39.64%. Research analysts predict that Qualys will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the transaction, the insider now directly owns 63,177 shares of the company's stock, valued at $8,986,296.48. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joo Mi Kim sold 1,332 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $157.37, for a total transaction of $209,616.84. Following the completion of the sale, the chief financial officer now owns 113,652 shares of the company's stock, valued at approximately $17,885,415.24. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,746 shares of company stock valued at $5,206,333. Company insiders own 1.00% of the company's stock.

Institutional Trading of Qualys

A number of hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in Qualys by 1,386.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker's stock valued at $49,876,000 after buying an additional 331,766 shares during the period. Vanguard Group Inc. raised its stake in Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker's stock valued at $604,721,000 after acquiring an additional 131,339 shares during the period. Boston Trust Walden Corp lifted its holdings in Qualys by 13.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker's stock valued at $147,178,000 after purchasing an additional 123,530 shares during the last quarter. Raymond James Financial Inc. bought a new position in Qualys during the fourth quarter worth about $15,937,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Qualys by 208.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker's stock worth $11,072,000 after purchasing an additional 58,252 shares during the period. 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.