Qualys (NASDAQ:QLYS) Stock Rating Upgraded by StockNews.com

Qualys (NASDAQ:QLYS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reduced their target price on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. Truist Financial reduced their target price on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday. TD Cowen began coverage on Qualys in a report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 target price for the company. Robert W. Baird reduced their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wedbush reduced their target price on Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $162.23.

Qualys Stock Performance

QLYS traded up $2.12 during midday trading on Thursday, reaching $151.87. 550,545 shares of the company were exchanged, compared to its average volume of 472,215. The company’s fifty day moving average price is $166.19 and its 200 day moving average price is $175.70. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 37.59 and a beta of 0.51. Qualys has a one year low of $113.00 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. The firm had revenue of $144.57 million during the quarter, compared to analyst estimates of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. As a group, sell-side analysts anticipate that Qualys will post 3.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Qualys news, CFO Joo Mi Kim sold 928 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $167.97, for a total transaction of $155,876.16. Following the sale, the chief financial officer now owns 93,196 shares in the company, valued at $15,654,132.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Joo Mi Kim sold 928 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the transaction, the chief financial officer now owns 93,196 shares of the company’s stock, valued at $15,654,132.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,430 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the completion of the transaction, the insider now directly owns 63,057 shares in the company, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. Insiders have sold a total of 14,590 shares of company stock worth $2,419,842 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Qualys by 24.9% in the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after acquiring an additional 58 shares during the last quarter. Wallace Advisory Group LLC grew its stake in shares of Qualys by 4.0% during the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock valued at $275,000 after buying an additional 63 shares during the last quarter. Intrust Bank NA grew its stake in shares of Qualys by 1.4% during the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after buying an additional 69 shares during the last quarter. KLR Investment Advisors LLC grew its stake in shares of Qualys by 3.3% during the third quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker’s stock valued at $364,000 after buying an additional 77 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Qualys by 33.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after buying an additional 83 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

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.