Qualys (NASDAQ:QLYS) Sets New 12-Month Low at $131.04

Shares of Qualys, Inc. (NASDAQ:QLYS) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $131.04 and last traded at $137.00, with a volume of 42312 shares changing hands. The stock had previously closed at $137.76.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QLYS. Scotiabank began coverage on Qualys in a report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Wednesday. Piper Sandler decreased their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday. Robert W. Baird cut their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys presently has a consensus rating of “Hold” and a consensus target price of $166.91.

Qualys Trading Up 3.1 %

The business’s 50-day simple moving average is $140.53 and its two-hundred day simple moving average is $157.54. The company has a market capitalization of $5.06 billion, a PE ratio of 31.74 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 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 firm had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. On average, analysts forecast that Qualys, Inc. will post 3.42 EPS for the current year.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction 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 sale, the insider now owns 59,286 shares in the company, valued at $8,011,910.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction dated Thursday, June 20th. The shares were 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 $8,011,910.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wendy Pfeiffer sold 2,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $145.72, for a total value of $291,440.00. Following the completion of the sale, the director now directly owns 8,490 shares of the company’s stock, valued at $1,237,162.80. The disclosure for this sale can be found here. Insiders have sold a total of 29,099 shares of company stock valued at $4,060,450 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Large investors have recently added to or reduced their stakes in the company. Choreo LLC acquired a new stake in shares of Qualys during the second quarter worth $264,000. Wedbush Securities Inc. grew its position in shares of Qualys by 23.3% during the 2nd quarter. Wedbush Securities Inc. now owns 3,244 shares of the software maker’s stock valued at $463,000 after buying an additional 613 shares during the last quarter. Quest Partners LLC raised its stake in Qualys by 10.1% during the second quarter. Quest Partners LLC now owns 3,913 shares of the software maker’s stock worth $558,000 after acquiring an additional 360 shares during the period. Acadian Asset Management LLC lifted its holdings in Qualys by 95.7% in the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after acquiring an additional 139,897 shares during the last quarter. Finally, Torray Investment Partners LLC boosted its stake in Qualys by 27.8% in the second quarter. Torray Investment Partners LLC now owns 11,364 shares of the software maker’s stock valued at $1,621,000 after acquiring an additional 2,472 shares during the period. 99.31% of the stock is currently owned by institutional investors.

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.