Qualys (NASDAQ:QLYS) Given New $140.00 Price Target at Loop Capital

Qualys (NASDAQ:QLYS) had its target price reduced by equities researchers at Loop Capital from $150.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the software maker’s stock. Loop Capital’s price target would suggest a potential upside of 3.27% from the company’s previous close.

QLYS has been the topic of several other reports. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Royal Bank of Canada cut their target price on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday. Needham & Company LLC began coverage on Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating on the stock. UBS Group upped their price target on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Truist Financial raised their target price on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Qualys presently has a consensus rating of “Hold” and a consensus target price of $149.25.

Qualys Trading Down 3.7 %

QLYS stock traded down $5.14 during trading on Friday, reaching $135.57. The stock had a trading volume of 626,046 shares, compared to its average volume of 396,298. Qualys has a 1-year low of $119.17 and a 1-year high of $174.73. The company has a market capitalization of $4.96 billion, a P/E ratio of 29.86 and a beta of 0.56. The firm has a fifty day moving average price of $143.41 and a 200 day moving average price of $135.70.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a net margin of 28.72% and a return on equity of 40.24%. Sell-side analysts predict that Qualys will post 4.34 EPS for the current year.

Insider Transactions at Qualys

In other news, CFO Joo Mi Kim sold 1,332 shares of Qualys stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $157.37, for a total transaction of $209,616.84. Following the sale, the chief financial officer now directly owns 113,652 shares in the company, valued at $17,885,415.24. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 8,555 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the sale, the insider now owns 64,032 shares in the company, valued at approximately $9,900,627.84. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,259 shares of company stock worth $4,578,153 over the last three months. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Qualys

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP bought a new stake in Qualys during the third quarter valued at approximately $445,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Qualys by 208.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after acquiring an additional 58,252 shares during the last quarter. Intech Investment Management LLC grew its position in Qualys by 428.9% in the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after acquiring an additional 14,804 shares in the last quarter. Van ECK Associates Corp increased its stake in Qualys by 40.0% in the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock valued at $3,525,000 after acquiring an additional 8,291 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Qualys by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock valued at $8,134,000 after purchasing an additional 4,040 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

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.