Qualys (NASDAQ:QLYS) PT lowered to $162.00 at Canaccord Genuity Group

Qualys (NASDAQ:QLYS – Get an Assessment) saw its target price lowered by research analysts Canaccord Genuity Group from $180.00 to $162.00 in a research note released Thursday to investors, reports The Fly. Canaccord Genuity Group’s price target indicates a potential upside of 21.06% from the company’s previous close.

Several other analysts have also recently weighed in on QLYS. Wolfe Research raised its price target on Qualys from $145.00 to $147.00 and gave the company an “outperform” rating in a Wednesday, August 10 report. Wedbush cut its price target on Qualys from $150.00 to $140.00 in a research report on Thursday. Morgan Stanley raised its price target on Qualys from $113.00 to $123.00 and gave the company an “underweight” rating in a Tuesday, Aug. 9 research report. Northland Securities raised its price target on Qualys from $138.00 to $142.00 in a Tuesday, August 9 research report. Finally, DA Davidson raised his price target on Qualys to $135.00 in a Monday, August 15 research report. One analyst gave the stock a sell rating, five issued a hold rating and eight issued a buy rating to the company’s shares. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.54.

Qualys Stock Performance

Shares of QLYS opened at $133.82 on Thursday. The stock’s 50-day simple moving average is $143.83 and its 200-day simple moving average is $135.67. The stock has a market capitalization of $5.13 billion, a price-earnings ratio of 52.27 and a beta of 0.62. Qualys has a 52-week low of $108.10 and a 52-week high of $162.36.

Qualys (NASDAQ:QLYS – Get Rating) last released its quarterly earnings data on Monday, August 8. The software maker reported earnings per share (EPS) of $0.67 for the quarter, beating analyst consensus estimates of $0.51 by $0.16. The company posted revenue of $119.89 million for the quarter, compared to $117.52 million expected by analysts. Qualys has a return on equity of 24.17% and a net margin of 22.68%. The company’s quarterly revenue increased 20.3% year over year. In the same quarter a year earlier, the company posted EPS of $0.53. On average, research analysts expect Qualys to post earnings per share of 2.46 for the current fiscal year.

Insider buying and selling

Separately, CEO Sumedh S. Thakar sold 5,576 shares of the company in a transaction that took place on Friday, October 14. The stock was sold at an average price of $127.98, for a total transaction of $713,616.48. Following the transaction, the CEO now directly owns 148,384 shares of the company, valued at approximately $18,990,184.32. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Separately, CRO Allan Peters sold 2,711 Qualys shares in a trade that took place on Wednesday August 10th. The stock was sold at an average price of $143.33, for a total value of $388,567.63. Following the sale, the executive now directly owns 24,622 shares of the company, valued at approximately $3,529,071.26. The sale was disclosed in a filing with the SEC, which is available via this link. Additionally, CEO Sumedh S. Thakar sold 5,576 Qualys shares in a trade that took place on Friday, October 14. The stock was sold at an average price of $127.98, for a total value of $713,616.48. Following the completion of the sale, the CEO now owns 148,384 shares of the company, valued at $18,990,184.32. The disclosure of this sale can be found here. Insiders sold a total of 35,092 shares of the company worth $5,157,672 in the past ninety days. 1.40% of the shares are held by insiders.

Institutional investors weigh in on Qualys

A number of large investors have recently changed their positions in QLYS. Pinnacle Financial Partners Inc. bought a new position in Qualys stock in Q3 worth about $25,000. Hoey Investments Inc. bought a new position in Qualys stock in Q2 valued at around $38,000. Wipfli Financial Advisors LLC bought a new position in Qualys stock in Q3 worth around $57,000. Castle Wealth Management LLC bought a new position in Qualys during the second quarter worth $102,000. Finally, Van ECK Associates Corp increased its stake in Qualys by 16.0% during the first quarter. Van ECK Associates Corp now owns 843 shares of the software maker valued at $120,000 after buying 116 more shares in the last quarter. 90.60% of the shares are currently held by institutional investors.

Qualys Company Profile

(Get a rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and globally. The company offers Qualys Cloud Apps, which includes vulnerability management; Management, detection and response to vulnerabilities; threat protection; Continuous monitoring; patch management; Multi-vector endpoint detection and response; certificate assessment; SaaS detection and response; Secure enterprise mobility; Compliance Policy; 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; Inventory of certificates; Cloud inventory; Cloud security assessment; and container security.

Featured Articles

The Fly logo

Analyst Recommendations for Qualys (NASDAQ: QLYS)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Qualys, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Qualys wasn’t on the list.

Although Qualys currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.