Loop Capital Cuts Qualys (NASDAQ:QLYS) Price Target to $140.00

Qualys (NASDAQ:QLYS) had its price target cut by Loop Capital from $150.00 to $140.00 in a research report released on Friday morning,Benzinga reports. They currently have a hold rating on the software maker’s stock.

Several other equities analysts have also weighed in on the stock. Truist Financial lifted their target price on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. DA Davidson lifted their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Needham & Company LLC initiated coverage on shares of Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group lifted their target price on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $146.14.

Qualys Stock Down 3.7 %

Shares of NASDAQ QLYS opened at $135.57 on Friday. Qualys has a 52-week low of $119.17 and a 52-week high of $174.73. The firm has a fifty day moving average of $143.05 and a 200-day moving average of $135.53. The stock has a market capitalization of $4.96 billion, a PE ratio of 29.15 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 39.64%. Equities research analysts expect that Qualys will post 4.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $33,741,295.98. This represents a 3.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $146.31, for a total transaction of $585,240.00. Following the sale, the director now directly owns 12,666 shares of the company’s stock, valued at approximately $1,853,162.46. This represents a 24.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,259 shares of company stock worth $4,578,153. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qualys

A number of institutional investors have recently modified their holdings of QLYS. Truist Financial Corp grew its position in shares of Qualys by 42.1% during the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock valued at $250,000 after buying an additional 519 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Qualys by 27.3% during the 2nd quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock valued at $1,423,000 after buying an additional 2,137 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Qualys during the 2nd quarter valued at about $536,000. Handelsbanken Fonder AB grew its position in Qualys by 23.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,551 shares of the software maker’s stock worth $1,098,000 after purchasing an additional 1,600 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Qualys by 80.8% in the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after purchasing an additional 193 shares during the last quarter. Institutional investors 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.