Qualys (NASDAQ:QLYS) Upgraded by Wolfe Research to "Peer Perform" Rating

Wolfe Research upgraded shares of Qualys (NASDAQ:QLYS - Free Report) from an underperform rating to a peer perform rating in a research note released on Monday, Marketbeat.com reports.

Other analysts also recently issued 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 report on Wednesday, August 7th. Truist Financial increased their target price on shares of Qualys from $120.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Canaccord Genuity Group boosted their price target on shares of Qualys from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Qualys from $123.00 to $126.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Finally, Wedbush decreased their target price on Qualys from $190.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Qualys currently has a consensus rating of "Hold" and an average price target of $152.80.

Qualys Stock Up 0.2 %

NASDAQ QLYS traded up $0.25 during trading hours on Monday, hitting $154.24. The company's stock had a trading volume of 401,931 shares, compared to its average volume of 445,394. The stock has a fifty day moving average of $126.10 and a 200 day moving average of $135.85. Qualys has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a market capitalization of $5.64 billion, a P/E ratio of 34.54 and a beta of 0.47.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm's revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. On average, analysts predict that Qualys will post 0.89 earnings per share for the current year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the transaction, the chief executive officer now directly owns 179,649 shares of the company's stock, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,919 shares of company stock valued at $1,360,140. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker's stock worth $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. lifted its position in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker's stock worth $34,000 after purchasing an additional 143 shares during the period. Quarry LP bought a new stake in shares of Qualys during the 2nd quarter worth approximately $40,000. DT Investment Partners LLC acquired a new stake in shares of Qualys in the 2nd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker's stock valued at $82,000 after purchasing an additional 223 shares in the last quarter. 99.31% of the stock is owned by 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.