Qualys (NASDAQ:QLYS) Given New $145.00 Price Target at Truist Financial

Qualys (NASDAQ:QLYS) had its target price raised by Truist Financial from $120.00 to $145.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Truist Financial’s price objective suggests a potential downside of 1.81% from the company’s previous close.

A number of other brokerages have also recently commented on QLYS. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday. They issued a “hold” rating on the stock. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Jefferies Financial Group assumed coverage on shares of Qualys in a report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 target price for the company. Northland Securities reaffirmed a “market perform” rating and set a $140.00 price target (down previously from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Finally, Scotiabank reduced their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $147.92.

Qualys Price Performance

Shares of NASDAQ:QLYS traded up $19.45 during trading on Wednesday, hitting $147.68. The company’s stock had a trading volume of 644,870 shares, compared to its average volume of 430,967. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 32.40 and a beta of 0.47. The company has a 50-day moving average of $124.24 and a 200-day moving average of $136.16. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35.

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

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the sale, the chief financial officer now owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,919 shares of company stock worth $1,360,140 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV increased its position in shares of Qualys by 21.6% during the 3rd quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock valued at $140,000 after purchasing an additional 194 shares during the last quarter. Aigen Investment Management LP purchased a new position in Qualys during the third quarter worth $445,000. State of New Jersey Common Pension Fund D increased its position in Qualys by 14.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 15,851 shares of the software maker’s stock valued at $2,036,000 after acquiring an additional 2,010 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new position in Qualys during the third quarter valued at $224,000. Finally, Covestor Ltd raised its stake in shares of Qualys by 19.7% in the third quarter. Covestor Ltd now owns 1,177 shares of the software maker’s stock valued at $151,000 after acquiring an additional 194 shares during the period. 99.31% of the stock is currently owned by hedge funds and other 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.