Qualys (NASDAQ:QLYS) Price Target Raised to $155.00

Qualys (NASDAQ:QLYS) had its price objective lifted by equities researchers at Jefferies Financial Group from $135.00 to $155.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 4.42% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on QLYS. Wedbush reduced their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Canaccord Genuity Group lifted their price objective on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial lifted their price objective on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Wednesday. Finally, Northland Securities restated a “market perform” rating and set a $140.00 price objective (down from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $151.47.

Qualys Trading Up 15.8 %

Shares of NASDAQ QLYS traded up $20.21 during midday trading on Wednesday, reaching $148.44. 1,116,177 shares of the company were exchanged, compared to its average volume of 433,159. Qualys has a 1 year low of $119.17 and a 1 year high of $206.35. The stock has a fifty day simple moving average of $124.24 and a 200 day simple moving average of $136.16. The stock has a market cap of $5.46 billion, a P/E ratio of 32.70 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last announced 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 company had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Qualys will post 3.94 earnings per share for the current year.

Insider Activity

In other news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were 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 directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at $6,885,508.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock valued at $1,360,140 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

A number of institutional investors have recently added to or reduced their stakes in QLYS. Millennium Management LLC boosted its position in Qualys by 100.7% during the 2nd quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after purchasing an additional 184,403 shares during the period. Jupiter Asset Management Ltd. boosted its position in Qualys by 169.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after purchasing an additional 154,492 shares during the period. Acadian Asset Management LLC boosted its position in Qualys by 95.7% during the 2nd quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after purchasing an additional 139,897 shares during the period. Boston Trust Walden Corp boosted its position in Qualys by 14.5% during the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after purchasing an additional 117,079 shares during the period. Finally, Vanguard Group Inc. boosted its position in Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after purchasing an additional 83,504 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

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.