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

Qualys (NASDAQ:QLYS - Free Report) had its target price decreased by Scotiabank from $150.00 to $140.00 in a report released on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the software maker's stock.

QLYS has been the topic of several other reports. Wolfe Research upgraded shares of Qualys from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. DA Davidson increased their target price on shares of Qualys from $120.00 to $147.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. 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. Needham & Company LLC started coverage on shares of Qualys in a report on Wednesday, November 6th. They set a "hold" rating on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Qualys from $150.00 to $162.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Qualys has a consensus rating of "Hold" and a consensus target price of $146.57.

Qualys Stock Down 0.3 %

QLYS stock traded down $0.38 during midday trading on Friday, reaching $137.32. The company's stock had a trading volume of 260,601 shares, compared to its average volume of 393,670. Qualys has a 52 week low of $119.17 and a 52 week high of $174.31. The stock has a market cap of $5.02 billion, a PE ratio of 29.53 and a beta of 0.56. The business's 50-day simple moving average is $142.69 and its 200-day simple moving average is $135.49.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data 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 net margin of 28.59% and a return on equity of 39.64%. As a group, equities analysts forecast that Qualys will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company's stock, valued at approximately $33,741,295.98. The trade was a 3.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 882 shares of Qualys stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total transaction of $123,180.12. Following the sale, the insider now directly owns 62,295 shares of the company's stock, valued at $8,700,119.70. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,259 shares of company stock valued at $4,578,153 in the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Trading of Qualys

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Qualys during the 4th quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in Qualys in the 4th quarter worth about $39,000. UMB Bank n.a. raised its stake in Qualys by 80.8% in the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker's stock worth $55,000 after purchasing an additional 193 shares in the last quarter. Fifth Third Bancorp raised 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. Finally, Quarry LP raised its stake in Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker's stock worth $56,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 99.31% of the company's stock.

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.