Qualys (NASDAQ:QLYS - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Saturday.
QLYS has been the topic of several other reports. TD Cowen upped their price target on shares of Qualys from $130.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Jefferies Financial Group upped 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. Scotiabank decreased their price target on Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Truist Financial upped their price objective on Qualys from $120.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Finally, Northland Securities reiterated a "market perform" rating and set a $146.00 target price (down from $150.00) on shares of Qualys in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $146.57.
Check Out Our Latest Stock Report on Qualys
Qualys Price Performance
Shares of NASDAQ:QLYS traded up $1.82 during trading on Friday, hitting $145.58. The company had a trading volume of 73,704 shares, compared to its average volume of 378,687. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 31.36 and a beta of 0.56. The company has a fifty day simple moving average of $141.09 and a two-hundred day simple moving average of $135.31. Qualys has a one year low of $119.17 and a one year high of $174.31.
Qualys (NASDAQ:QLYS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 39.64% and a net margin of 28.59%. On average, equities research analysts anticipate that Qualys will post 4.31 earnings per share for the current year.
Insider Buying and Selling
In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at approximately $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 sale, the chief financial officer now directly owns 113,652 shares of the company's stock, valued at approximately $17,885,415.24. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,288 shares of company stock valued at $4,209,716 over the last 90 days. Corporate insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On Qualys
A number of large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in Qualys during the 4th quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Qualys during the fourth quarter worth about $39,000. Quadrant Capital Group LLC increased its holdings in shares of Qualys by 88.1% during the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after acquiring an additional 156 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Qualys in the 4th quarter valued at approximately $54,000. Finally, Fifth Third Bancorp boosted its stake in Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after purchasing an additional 99 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.
Qualys Company Profile
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Get Free Report)
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.
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