Qualys (NASDAQ:QLYS) Price Target Cut to $120.00

Qualys (NASDAQ:QLYS) had its price objective lowered by equities research analysts at Truist Financial from $130.00 to $120.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Truist Financial’s price target points to a potential upside of 0.07% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Piper Sandler lowered their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. UBS Group lowered their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Scotiabank reduced their price target on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.23.

Qualys Trading Down 1.3 %

Qualys stock opened at $119.92 on Wednesday. The firm has a market capitalization of $4.41 billion, a P/E ratio of 26.41 and a beta of 0.46. The stock has a fifty day moving average price of $124.44 and a 200 day moving average price of $138.90. Qualys has a 52 week low of $119.32 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last announced 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. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities analysts predict that Qualys will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total transaction of $82,500.88. Following the sale, the chief financial officer now directly owns 87,077 shares in the company, valued at approximately $11,662,222.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the transaction, the chief financial officer now owns 87,077 shares in the company, valued at approximately $11,662,222.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,535 shares of company stock valued at $1,442,641 in the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

Several large investors have recently modified their holdings of QLYS. Sound Income Strategies LLC boosted its stake in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after buying an additional 169 shares during the period. DecisionPoint Financial LLC acquired a new stake in shares of Qualys during the 1st quarter valued at about $34,000. First Horizon Advisors Inc. boosted its position in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares in the last quarter. Finally, Quarry LP acquired a new position in Qualys in the second quarter valued at about $40,000. 99.31% of the stock is owned by institutional investors.

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.