Qualys, Inc. (NASDAQ:QLYS) Receives Consensus Rating of “Reduce” from Brokerages

Qualys, Inc. (NASDAQ:QLYS) has earned an average recommendation of “Reduce” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $153.23.

Several equities research analysts have weighed in on QLYS shares. Truist Financial increased their price target on Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada dropped their target price on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. boosted their price target on shares of Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a research note on Thursday, February 8th. Stephens reaffirmed an “equal weight” rating and set a $190.00 price objective on shares of Qualys in a research report on Thursday, February 8th. Finally, StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research report on Sunday.

Qualys Stock Up 0.3 %

QLYS stock opened at $172.11 on Friday. Qualys has a twelve month low of $107.00 and a twelve month high of $206.35. The firm has a market cap of $6.36 billion, a PE ratio of 42.60 and a beta of 0.51. The business has a 50 day moving average of $166.41 and a 200 day moving average of $175.60.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The company had revenue of $144.57 million for the quarter, compared to the consensus estimate of $144.69 million. On average, research analysts expect that Qualys will post 3.35 earnings per share for the current fiscal year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total transaction of $690,594.40. Following the completion of the sale, the chief executive officer now directly owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Sumedh S. Thakar sold 4,120 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the transaction, the chief executive officer now owns 194,481 shares in the company, valued at approximately $32,598,905.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joo Mi Kim sold 1,130 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $169.49, for a total transaction of $191,523.70. Following the sale, the chief financial officer now owns 96,734 shares of the company’s stock, valued at approximately $16,395,445.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,792 shares of company stock valued at $2,455,489. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in shares of Qualys in the 1st quarter valued at approximately $26,000. Global Retirement Partners LLC raised its position in shares of Qualys by 1,666.7% in the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after acquiring an additional 150 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Qualys in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC raised its position in shares of Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after acquiring an additional 169 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Qualys by 218.2% in the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after acquiring an additional 144 shares during the period. Institutional investors own 99.31% of the company’s stock.

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.