Qualys (NASDAQ:QLYS) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Qualys (NASDAQ:QLYS) in a research report released on Wednesday morning, Benzinga reports.

QLYS has been the topic of several other research reports. Piper Sandler decreased their price objective on Qualys from $116.00 to $115.00 and set an underweight rating on the stock in a report on Wednesday. Truist Financial dropped their price objective 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 initiated coverage on shares of Qualys in a research report on Friday, April 26th. They issued a sector perform rating and a $172.00 target price on the stock. Westpark Capital reaffirmed a hold rating on shares of Qualys in a research report on Monday. Finally, Robert W. Baird decreased their price target on shares of Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys currently has a consensus rating of Hold and a consensus price target of $149.92.

Qualys Price Performance

NASDAQ:QLYS traded up $1.79 during trading hours on Wednesday, reaching $127.13. 528,579 shares of the company traded hands, compared to its average volume of 456,761. The firm’s 50-day moving average is $140.22 and its 200-day moving average is $157.32. The stock has a market cap of $4.70 billion, a P/E ratio of 29.01 and a beta of 0.49. Qualys has a 1-year low of $121.64 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. As a group, research analysts predict that Qualys will post 3.42 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total value of $83,504.96. Following the completion of the transaction, the chief financial officer now directly owns 92,580 shares in the company, valued at $12,550,144.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the transaction, the insider now owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total value of $83,504.96. Following the completion of the sale, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at $12,550,144.80. The disclosure for this sale can be found here. Insiders sold 29,715 shares of company stock valued at $4,142,951 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Qualys

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in Qualys by 27.4% during the fourth quarter. SG Americas Securities LLC now owns 1,154 shares of the software maker’s stock worth $227,000 after acquiring an additional 248 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Qualys by 201,932.8% in the 4th quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock worth $23,000,000 after purchasing an additional 117,121 shares during the last quarter. New York State Teachers Retirement System boosted its position in Qualys by 3.1% during the 4th quarter. New York State Teachers Retirement System now owns 24,405 shares of the software maker’s stock valued at $4,790,000 after purchasing an additional 731 shares during the period. Nisa Investment Advisors LLC grew its stake in Qualys by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,682 shares of the software maker’s stock worth $330,000 after buying an additional 400 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in Qualys in the fourth quarter worth $215,000. 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.