Qualys (NASDAQ:QLYS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Qualys (NASDAQ:QLYSFree Report) from a hold rating to a buy rating in a research note published on Friday.

QLYS has been the topic of several other research reports. Scotiabank began coverage on Qualys in a research report on Friday, April 26th. They set a sector perform rating and a $172.00 price target on the stock. TD Cowen began coverage on Qualys in a report on Tuesday, March 26th. They set a market perform rating and a $170.00 target price on the stock. Truist Financial reduced their price target on Qualys from $175.00 to $165.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC restated a hold rating on shares of Qualys in a research note on Monday, May 13th. Finally, Robert W. Baird reduced their price target on Qualys from $175.00 to $170.00 and set a neutral rating for the company in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $162.23.

Get Our Latest Analysis on QLYS

Qualys Stock Performance

Shares of Qualys stock opened at $139.21 on Friday. The business’s 50 day simple moving average is $150.25 and its 200 day simple moving average is $169.22. Qualys has a 52-week low of $122.53 and a 52-week high of $206.35. The firm has a market cap of $5.14 billion, a PE ratio of 32.22 and a beta of 0.47.

Qualys (NASDAQ:QLYSGet Free Report) last announced its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The business had revenue of $145.81 million for the quarter, compared to analyst estimates of $145.67 million. As a group, equities research analysts predict that Qualys will post 3.41 EPS for the current year.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,443 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total transaction of $241,457.19. Following the completion of the sale, the insider now directly owns 62,614 shares of the company’s stock, valued at $10,477,200.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $136.32, for a total value of $954,240.00. Following the completion of the transaction, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at $25,437,448.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce K. Posey sold 1,443 shares of Qualys stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $167.33, for a total value of $241,457.19. Following the sale, the insider now directly owns 62,614 shares of the company’s stock, valued at approximately $10,477,200.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,113 shares of company stock valued at $3,969,251. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Qualys

Several large investors have recently added to or reduced their stakes in QLYS. Signaturefd LLC lifted its stake in Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after purchasing an additional 58 shares during the last quarter. Wallace Advisory Group LLC increased its holdings in shares of Qualys by 4.0% in the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares during the period. Intrust Bank NA increased its holdings in shares of Qualys by 1.4% in the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after buying an additional 69 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock worth $65,000 after buying an additional 83 shares during the period. Finally, Covenant Partners LLC increased its holdings in shares of Qualys by 3.5% in the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock worth $492,000 after buying an additional 84 shares during the period. Institutional investors own 99.31% of the company’s stock.

About Qualys

(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.

Further Reading

Analyst Recommendations for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.