Qualys (QLYS) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Qualys (NASDAQ: QLYS):

• 10/23/2024 – Qualys had its price target lowered by analysts at Morgan Stanley from $136.00 to $123.00. They now have an “underweight” rating on the stock.
• 10/23/2024 – Qualys had its price target lowered by analysts at Truist Financial Co. from $130.00 to $120.00. They now have a “hold” rating on the stock.
• 10/16/2024 – Qualys is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $135.00 price target on the stock.
• 10/7/2024 – Qualys had its price target lowered by analysts at TD Cowen from $140.00 to $130.00. They now have a “hold” rating on the stock.

Qualys Price Performance

NASDAQ QLYS traded up $1.01 during trading hours on Friday, hitting $120.93. The company had a trading volume of 60,636 shares, compared to its average volume of 424,328. The firm’s 50 day moving average is $124.44 and its 200 day moving average is $138.90. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 26.64 and a beta of 0.46. Qualys, Inc. has a fifty-two week low of $119.32 and a fifty-two week high of $206.35.

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

Insider Buying and Selling

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents 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 available through the SEC website. In other news, insider Bruce K. Posey sold 1,339 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the sale, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on 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 approximately $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. Insiders have sold a total of 11,535 shares of company stock valued at $1,442,641 in the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Roberts Wealth Advisors LLC bought a new position in Qualys during the first quarter worth $863,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Qualys by 96.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,656 shares of the software maker’s stock valued at $5,116,000 after acquiring an additional 15,045 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Qualys by 36.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock valued at $3,374,000 after purchasing an additional 5,508 shares in the last quarter. Norden Group LLC boosted its position in Qualys by 1,806.6% in the first quarter. Norden Group LLC now owns 81,871 shares of the software maker’s stock valued at $13,662,000 after buying an additional 77,577 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Qualys in the first quarter valued at $1,956,000. 99.31% of the stock is owned by institutional investors and hedge funds.

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.