Qualys (NASDAQ:QLYS) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Qualys (NASDAQ:QLYS) from an underperform rating to a peer perform rating in a research report report published on Monday morning, MarketBeat.com reports.

Several other research firms also recently commented on QLYS. Truist Financial lifted their price objective on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Northland Securities reiterated a “market perform” rating and set a $140.00 target price (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Canaccord Genuity Group upped their price target on shares of Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, UBS Group lifted their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $152.80.

Qualys Trading Down 1.3 %

NASDAQ QLYS opened at $149.39 on Monday. The company has a market cap of $5.47 billion, a P/E ratio of 32.91 and a beta of 0.47. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35. The company has a fifty day simple moving average of $127.90 and a 200 day simple moving average of $135.75.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. Sell-side analysts predict that Qualys will post 4.34 EPS for the current year.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 634 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the transaction, the chief financial officer now owns 85,942 shares of the company’s stock, valued at $10,501,252.98. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,919 shares of company stock worth $1,360,140. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its stake in shares of Qualys by 36.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,576 shares of the software maker’s stock worth $3,374,000 after buying an additional 5,508 shares during the period. SG Americas Securities LLC increased its holdings in Qualys by 2,459.9% in the second quarter. SG Americas Securities LLC now owns 43,135 shares of the software maker’s stock valued at $6,151,000 after buying an additional 41,450 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Qualys in the first quarter valued at $1,139,000. Van ECK Associates Corp lifted its holdings in Qualys by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after buying an additional 8,291 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Qualys by 13.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,304 shares of the software maker’s stock valued at $18,048,000 after acquiring an additional 12,915 shares during the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

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.