Needham & Company LLC Begins Coverage on Qualys (NASDAQ:QLYS)

Investment analysts at Needham & Company LLC started coverage on shares of Qualys (NASDAQ:QLYS) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “hold” rating on the software maker’s stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada reduced their price target on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Piper Sandler reduced their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Truist Financial lowered their target price on Qualys from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Wedbush cut their price target on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Westpark Capital reissued a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $152.80.

Qualys Trading Down 2.6 %

Shares of QLYS opened at $155.08 on Wednesday. The stock’s 50 day moving average is $125.52 and its two-hundred day moving average is $136.45. Qualys has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a market capitalization of $5.71 billion, a PE ratio of 34.16 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. On average, sell-side analysts predict that Qualys will post 3.94 EPS for the current year.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares of the company’s stock, valued at $22,493,851.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its position in shares of Qualys by 36.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock worth $3,374,000 after acquiring an additional 5,508 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Qualys by 2,459.9% during the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock worth $6,151,000 after purchasing an additional 41,450 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Qualys in the first quarter worth about $1,139,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Qualys by 13.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock valued at $18,048,000 after buying an additional 12,915 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Qualys by 57.7% during the 2nd quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after acquiring an additional 5,004 shares in the last quarter. Hedge funds and other 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.