Qualys (NASDAQ:QLYS) Price Target Lowered to $115.00 at Piper Sandler

Qualys (NASDAQ:QLYS) had its price objective reduced by Piper Sandler from $116.00 to $115.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an underweight rating on the software maker’s stock.

A number of other research firms also recently commented on QLYS. StockNews.com downgraded shares of Qualys from a buy rating to a hold rating in a research note on Saturday, August 3rd. Truist Financial dropped their price target on shares of Qualys from $175.00 to $165.00 and set a hold rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC reiterated a hold rating on shares of Qualys in a report on Monday, May 13th. Robert W. Baird dropped their price objective on Qualys from $175.00 to $170.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Finally, Westpark Capital reaffirmed a hold rating on shares of Qualys in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $149.92.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $125.93 on Wednesday. The firm has a market cap of $4.65 billion, a P/E ratio of 29.15 and a beta of 0.49. Qualys has a 1 year low of $121.64 and a 1 year high of $206.35. The firm’s 50 day moving average price is $139.67 and its 200 day moving average price is $156.31.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) 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 analysts’ expectations of $148.80 million. Qualys had a return on equity of 46.72% and a net margin of 29.36%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, equities analysts predict that Qualys will post 3.42 EPS for the current year.

Insiders Place Their Bets

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $136.78, for a total transaction of $957,460.00. Following the transaction, the chief executive officer now directly owns 186,601 shares in the company, valued at approximately $25,523,284.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares in the company, valued at $8,658,627.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $136.78, for a total transaction of $957,460.00. Following the sale, the chief executive officer now owns 186,601 shares in the company, valued at $25,523,284.78. The disclosure for this sale can be found here. Insiders have sold 29,715 shares of company stock worth $4,142,951 in the last three months. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Qualys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Qualys by 24.9% during the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock valued at $57,000 after purchasing an additional 58 shares in the last quarter. Wallace Advisory Group LLC lifted its stake in 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 in the last quarter. Intrust Bank NA boosted its holdings in shares of Qualys by 1.4% in the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after buying an additional 69 shares during the period. Newbridge Financial Services Group Inc. increased its position in shares of Qualys by 33.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock worth $65,000 after acquiring an additional 83 shares in the last quarter. Finally, Covenant Partners LLC raised its holdings in shares of Qualys by 3.5% during the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after acquiring an additional 84 shares during the period. 99.31% of the stock is owned by 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.