Qualys (NASDAQ:QLYS) Reaches New 52-Week High at $179.51

Qualys, Inc. (NASDAQ:QLYS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $179.51 and last traded at $179.16, with a volume of 8212 shares changing hands. The stock had previously closed at $178.56.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen lifted their target price on shares of Qualys from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, August 4th. Wedbush boosted their price objective on shares of Qualys from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Northland Securities raised their target price on Qualys from $132.00 to $136.00 in a research note on Friday, August 4th. Piper Sandler boosted their price target on Qualys from $109.00 to $117.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Finally, Morgan Stanley increased their price objective on Qualys from $104.00 to $137.00 and gave the company an “underweight” rating in a report on Tuesday, November 7th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $136.08.

Qualys Trading Up 0.1 %

The firm has a market cap of $6.57 billion, a PE ratio of 48.26 and a beta of 0.53. The company has a 50-day simple moving average of $159.05 and a 200 day simple moving average of $142.10.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, November 2nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.38. Qualys had a net margin of 25.77% and a return on equity of 48.17%. The firm had revenue of $142.00 million during the quarter, compared to analysts’ expectations of $141.00 million. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts expect that Qualys, Inc. will post 3.78 earnings per share for the current year.

Insider Activity

In other news, insider Bruce K. Posey sold 1,595 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $156.89, for a total value of $250,239.55. Following the completion of the sale, the insider now directly owns 51,203 shares in the company, valued at $8,033,238.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bruce K. Posey sold 1,595 shares of Qualys stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $156.89, for a total value of $250,239.55. Following the sale, the insider now owns 51,203 shares in the company, valued at $8,033,238.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 5,005 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $162.62, for a total transaction of $813,913.10. Following the sale, the chief executive officer now directly owns 149,916 shares of the company’s stock, valued at approximately $24,379,339.92. The disclosure for this sale can be found here. Insiders have sold 15,182 shares of company stock worth $2,399,037 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several hedge funds and other institutional investors have recently made changes to their positions in QLYS. Dark Forest Capital Management LP raised its stake in 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 purchasing an additional 89 shares during the last quarter. Fifth Third Bancorp raised its position in shares of 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 buying an additional 99 shares during the last quarter. Fortis Capital Advisors LLC lifted its stake in shares of Qualys by 3,000.0% in the first quarter. Fortis Capital Advisors LLC now owns 341 shares of the software maker’s stock worth $44,000 after buying an additional 330 shares in the last quarter. CWM LLC boosted its position in Qualys by 353.8% during the third quarter. CWM LLC now owns 422 shares of the software maker’s stock worth $64,000 after acquiring an additional 329 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Qualys during the 1st quarter valued at about $66,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Qualys Company Profile

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.