Shares of Qualys, Inc. (NASDAQ:QLYS – Get Free Report) gapped down before the market opened on Wednesday after TD Cowen lowered their price target on the stock from $170.00 to $140.00. The stock had previously closed at $137.10, but opened at $129.41. TD Cowen currently has a hold rating on the stock. Qualys shares last traded at $127.89, with a volume of 226,266 shares traded.
Other research analysts have also issued reports about the company. UBS Group cut their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday. Robert W. Baird cut their target price on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Truist Financial cut their target price on Qualys from $165.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday. Finally, Piper Sandler lowered their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $149.92.
Insider Transactions at Qualys
In other news, Director Wendy Pfeiffer sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $145.72, for a total transaction of $291,440.00. Following the sale, the director now owns 8,490 shares of the company’s stock, valued at $1,237,162.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now directly owns 87,077 shares in the company, valued at $11,662,222.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Wendy Pfeiffer sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $145.72, for a total value of $291,440.00. Following the completion of the transaction, the director now owns 8,490 shares of the company’s stock, valued at $1,237,162.80. The disclosure for this sale can be found here. Insiders have sold a total of 29,715 shares of company stock valued at $4,142,951 over the last 90 days. 1.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of QLYS. Wellington Management Group LLP bought a new position in shares of Qualys during the 4th quarter worth approximately $18,844,000. Dorsey Wright & Associates acquired a new position in Qualys in the 4th quarter valued at $4,455,000. Intrust Bank NA raised its holdings in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after acquiring an additional 69 shares in the last quarter. NewSquare Capital LLC acquired a new position in Qualys in the 4th quarter valued at $3,731,000. Finally, Roberts Wealth Advisors LLC bought a new position in shares of Qualys in the 1st quarter valued at $863,000. 99.31% of the stock is currently owned by institutional investors.
Qualys Trading Down 8.6 %
The company has a 50 day moving average price of $140.22 and a 200-day moving average price of $157.32. The company has a market cap of $4.63 billion, a P/E ratio of 29.01 and a beta of 0.49.
Qualys (NASDAQ:QLYS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. Equities analysts expect that Qualys, Inc. will post 3.42 earnings per share for the current year.
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.