Qualys, Inc. (NASDAQ:QLYS) Receives $138.41 Consensus Target Price from Brokerages

Shares of Qualys, Inc. (NASDAQ:QLYSGet Free Report) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Four equities research 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. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $138.41.

Several research analysts have recently issued reports on QLYS shares. Northland Securities increased their target price on Qualys from $132.00 to $136.00 in a research report on Friday, August 4th. UBS Group started coverage on Qualys in a research report on Thursday, July 6th. They issued a “neutral” rating and a $135.00 target price for the company. Piper Sandler lowered Qualys from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $120.00 to $109.00 in a research report on Friday, June 9th. Canaccord Genuity Group increased their target price on Qualys from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, William Blair started coverage on Qualys in a research report on Tuesday, May 30th. They issued an “outperform” rating for the company.

Get Our Latest Report on Qualys

Qualys Price Performance

Shares of QLYS stock opened at $152.54 on Friday. The stock has a market capitalization of $5.60 billion, a PE ratio of 48.12 and a beta of 0.61. Qualys has a 1-year low of $101.10 and a 1-year high of $157.88. The business has a 50-day moving average of $143.31 and a 200 day moving average of $130.11.

Qualys (NASDAQ:QLYSGet Free Report) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.30. The business had revenue of $137.21 million during the quarter, compared to analyst estimates of $135.55 million. Qualys had a return on equity of 40.52% and a net margin of 22.98%. Analysts anticipate that Qualys will post 3.2 EPS for the current year.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 1,578 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $145.49, for a total value of $229,583.22. Following the completion of the sale, the insider now owns 52,377 shares in the company, valued at $7,620,329.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bruce K. Posey sold 1,577 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $128.97, for a total value of $203,385.69. Following the completion of the transaction, the insider now owns 56,555 shares of the company’s stock, valued at $7,293,898.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 1,578 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $145.49, for a total value of $229,583.22. Following the transaction, the insider now directly owns 52,377 shares in the company, valued at $7,620,329.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,539 shares of company stock worth $4,116,961. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Qualys

Hedge funds have recently made changes to their positions in the company. Heritage Wealth Management LLC increased its position in shares of Qualys by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 232 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the period. Dark Forest Capital Management LP increased its position in shares of Qualys by 58.2% in the 1st quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock valued at $31,000 after acquiring an additional 89 shares during the period. Parallel Advisors LLC increased its position in shares of Qualys by 71.0% in the 1st quarter. Parallel Advisors LLC now owns 277 shares of the software maker’s stock valued at $36,000 after acquiring an additional 115 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Qualys in the 4th quarter valued at $37,000. Finally, Fortis Capital Advisors LLC increased its position in shares of Qualys by 3,000.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 341 shares of the software maker’s stock valued at $44,000 after acquiring an additional 330 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Qualys Company Profile

(Get Free Report

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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