Qualys (NASDAQ:QLYS) Stock Price Expected to Rise, TD Cowen Analyst Says

Qualys (NASDAQ:QLYS) had its price target boosted by TD Cowen from $130.00 to $150.00 in a research report released on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the software maker’s stock.

QLYS has been the topic of several other research reports. Wedbush dropped their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Monday, August 5th. Northland Securities restated a “market perform” rating and set a $140.00 price objective (down from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Finally, Needham & Company LLC assumed coverage on Qualys in a research report on Wednesday. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $153.99 on Wednesday. Qualys has a 1-year low of $119.17 and a 1-year high of $206.35. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 33.92 and a beta of 0.47. The business has a 50-day moving average of $126.10 and a 200-day moving average of $136.10.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Research analysts expect that Qualys will post 3.94 EPS for the current fiscal year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,339 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. This 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 this hyperlink. In related news, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now directly owns 55,279 shares in the company, valued at $6,830,273.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares during the last quarter. UMB Bank n.a. grew its holdings in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares in the last quarter. Quarry LP acquired a new stake in Qualys in the 2nd quarter valued at approximately $40,000. DT Investment Partners LLC bought a new stake in Qualys during the 2nd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC boosted its position in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after acquiring an additional 223 shares during the period. 99.31% of the stock is owned by institutional investors and hedge funds.

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.