Qualys (NASDAQ:QLYS) Downgraded by StockNews.com

StockNews.com cut shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a research note released on Tuesday.

A number of other equities analysts also recently weighed in on QLYS. TD Cowen assumed coverage on shares of Qualys in a research note on Tuesday, March 26th. They issued a market perform rating and a $170.00 target price for the company. Robert W. Baird dropped their price target on shares of Qualys from $175.00 to $170.00 and set a neutral rating for the company in a research note on Wednesday, May 8th. Truist Financial dropped their price target on shares of Qualys from $175.00 to $165.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a research note on Friday, April 26th. They set a sector perform rating and a $172.00 price target for the company. Finally, Needham & Company LLC reissued a hold rating on shares of Qualys in a research note on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $162.23.

Qualys Trading Down 0.1 %

Shares of NASDAQ QLYS opened at $143.39 on Tuesday. Qualys has a 1-year low of $122.53 and a 1-year high of $206.35. The company has a market cap of $5.30 billion, a PE ratio of 33.19 and a beta of 0.49. The company has a 50-day moving average of $145.75 and a two-hundred day moving average of $166.38.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The company had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. As a group, equities research analysts forecast that Qualys will post 3.42 earnings per share for the current year.

Insider Activity

In other news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the transaction, the insider now owns 59,286 shares in the company, valued at $8,011,910.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total transaction of $83,504.96. Following the completion of the transaction, the chief financial officer now owns 92,580 shares in the company, valued at $12,550,144.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total transaction of $179,736.20. Following the transaction, the insider now owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The disclosure for this sale can be found here. Insiders sold 26,531 shares of company stock worth $3,833,431 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in QLYS. Rise Advisors LLC acquired a new position in Qualys during the first quarter worth $26,000. Global Retirement Partners LLC raised its position in Qualys by 1,666.7% during the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Qualys during the fourth quarter worth $30,000. Sound Income Strategies LLC raised its position in Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after acquiring an additional 169 shares in the last quarter. Finally, DecisionPoint Financial LLC bought a new stake in Qualys during the first quarter worth $34,000. Institutional investors and hedge funds 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.