Truist Financial Lowers Qualys (NASDAQ:QLYS) Price Target to $165.00

Qualys (NASDAQ:QLYS) had its target price decreased by equities researchers at Truist Financial from $175.00 to $165.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. Truist Financial’s price target would suggest a potential upside of 8.15% from the company’s previous close.

A number of other research firms have also commented on QLYS. Scotiabank initiated coverage on Qualys in a research note on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective on the stock. Wedbush reduced their target price on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. TD Cowen started coverage on Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective on the stock. Robert W. Baird lowered their target price on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, 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. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.79.

Qualys Trading Down 8.1 %

Shares of Qualys stock traded down $13.42 during trading on Wednesday, reaching $152.56. The stock had a trading volume of 279,140 shares, compared to its average volume of 453,131. The stock has a fifty day moving average price of $166.94 and a two-hundred day moving average price of $176.05. Qualys has a 52 week low of $113.00 and a 52 week high of $206.35. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 37.92 and a beta of 0.51.

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 analysts’ consensus estimates of $0.82 by $0.26. The business 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, equities analysts forecast that Qualys will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Bruce K. Posey sold 1,443 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $167.33, for a total value of $241,457.19. Following the transaction, the insider now owns 62,614 shares in the company, valued at approximately $10,477,200.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Bruce K. Posey sold 1,443 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $167.33, for a total transaction of $241,457.19. Following the completion of the sale, the insider now owns 62,614 shares in the company, valued at approximately $10,477,200.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 4,120 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the sale, the chief executive officer now owns 194,481 shares in the company, valued at $32,598,905.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,662 shares of company stock worth $2,263,965. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Qualys

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Qualys by 24.9% in the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after acquiring an additional 58 shares during the last quarter. Wallace Advisory Group LLC lifted its position 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 during the period. Intrust Bank NA boosted its stake in Qualys by 1.4% during the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after acquiring an additional 69 shares in the last quarter. KLR Investment Advisors LLC boosted its holdings in Qualys by 3.3% in the third quarter. KLR Investment Advisors LLC now owns 2,384 shares of the software maker’s stock worth $364,000 after acquiring an additional 77 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in Qualys by 33.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock worth $65,000 after purchasing an additional 83 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

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.