Qualys (NASDAQ:QLYS) Downgraded by StockNews.com

Qualys (NASDAQ:QLYS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Sunday.

QLYS has been the topic of a number of other reports. Royal Bank of Canada cut their price target on Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Stephens restated an “equal weight” rating and issued a $190.00 price target on shares of Qualys in a report on Thursday, February 8th. Wedbush cut their price target on Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Truist Financial boosted their price target on Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, TD Cowen started coverage on Qualys in a report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $153.23.

Qualys Trading Up 3.0 %

QLYS stock opened at $168.44 on Friday. The business’s 50-day moving average price is $166.44 and its two-hundred day moving average price is $175.43. The firm has a market cap of $6.23 billion, a PE ratio of 41.69 and a beta of 0.51. Qualys has a 1-year low of $107.00 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.26. The firm had revenue of $144.57 million for 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%. On average, analysts forecast that Qualys will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In other Qualys news, CEO Sumedh S. Thakar sold 4,034 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $163.96, for a total transaction of $661,414.64. Following the transaction, the chief executive officer now owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Qualys news, CEO Sumedh S. Thakar sold 4,034 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $163.96, for a total transaction of $661,414.64. Following the transaction, the chief executive officer now owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 1,130 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $169.49, for a total value of $191,523.70. Following the transaction, the chief financial officer now directly owns 96,734 shares in the company, valued at approximately $16,395,445.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,349 shares of company stock worth $2,214,032. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Qualys

Institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new position in Qualys during the fourth quarter worth approximately $30,000. Rise Advisors LLC acquired a new position in shares of Qualys in the first quarter valued at approximately $26,000. Sound Income Strategies LLC grew its position in shares of Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the last quarter. Blue Trust Inc. raised its holdings in Qualys by 218.2% in the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after acquiring an additional 144 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Qualys by 54.1% in the third quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock valued at $43,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds 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.