Qualys (NASDAQ:QLYS) Price Target Raised to $170.00

Qualys (NASDAQ:QLYS) had its target price hoisted by Canaccord Genuity Group from $160.00 to $170.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research analysts have also recently weighed in on QLYS. Truist Financial lifted their price target on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday. Wedbush decreased 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. TD Cowen boosted their price objective on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on shares of Qualys in a research report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 price objective for the company. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $152.80.

Qualys Price Performance

NASDAQ:QLYS traded down $1.09 during trading hours on Wednesday, reaching $153.99. 711,963 shares of the company were exchanged, compared to its average volume of 445,613. Qualys has a 52-week low of $119.17 and a 52-week high of $206.35. The stock has a 50 day simple moving average of $126.10 and a 200 day simple moving average of $136.35. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 33.92 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter last year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts predict that Qualys will post 3.94 EPS for the current fiscal year.

Insider Activity at Qualys

In other news, 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 value of $77,468.46. Following the sale, the chief financial officer now owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction dated 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 directly owns 85,942 shares in the company, valued at $10,501,252.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the sale, the insider now owns 55,279 shares of the company’s stock, valued at $6,830,273.24. This trade 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 worth $1,360,140 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the period. UMB Bank n.a. grew its position in Qualys by 149.0% during the second 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 bought a new position in Qualys during the second quarter valued at about $40,000. DT Investment Partners LLC acquired a new position in Qualys in the 2nd quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Qualys by 53.6% in 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. Institutional investors own 99.31% of the company’s stock.

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.