Qualys, Inc. (NASDAQ:QLYS) Receives $147.83 Consensus Price Target from Analysts

Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned an average rating of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $147.83.

A number of research firms recently issued reports on QLYS. Northland Securities restated a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. UBS Group lowered their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Scotiabank dropped their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. TD Cowen dropped their price objective on Qualys from $170.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, August 5th.

Qualys Price Performance

NASDAQ:QLYS opened at $123.32 on Tuesday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 28.55 and a beta of 0.46. Qualys has a 1 year low of $119.32 and a 1 year high of $206.35. The stock’s 50 day simple moving average is $131.00 and its two-hundred day simple moving average is $146.19.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. During the same quarter last year, the business posted $0.95 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, analysts anticipate that Qualys will post 3.94 EPS for the current year.

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $144.75, for a total value of $91,771.50. Following the sale, the chief financial officer now owns 90,745 shares in the company, valued at $13,135,338.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joo Mi Kim sold 634 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $144.75, for a total transaction of $91,771.50. Following the sale, the chief financial officer now directly owns 90,745 shares of the company’s stock, valued at $13,135,338.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $143.35, for a total transaction of $191,945.65. Following the completion of the transaction, the insider now directly owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The disclosure for this sale can be found here. Insiders sold 10,205 shares of company stock worth $1,444,369 over the last three months. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new stake in shares of Qualys in the fourth quarter worth approximately $129,000. Envestnet Portfolio Solutions Inc. boosted its stake in Qualys by 5.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,004 shares of the software maker’s stock worth $982,000 after purchasing an additional 250 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Qualys by 35.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,096 shares of the software maker’s stock worth $1,000,000 after buying an additional 1,330 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Qualys by 151.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the software maker’s stock valued at $726,000 after buying an additional 2,226 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Qualys in the fourth quarter worth about $3,064,000. 99.31% of the stock is owned by hedge funds and other 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.