Qualys (NASDAQ:QLYS) Given New $135.00 Price Target at Royal Bank of Canada

Qualys (NASDAQ:QLYS) had its price objective lowered by Royal Bank of Canada from $162.00 to $135.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a sector perform rating on the software maker’s stock.

QLYS has been the subject of a number of other reports. Truist Financial lifted their price objective on shares of Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Scotiabank decreased their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley upped their price target on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Westpark Capital reissued a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $149.25.

Qualys Price Performance

Shares of QLYS opened at $135.57 on Friday. The firm has a market cap of $4.96 billion, a PE ratio of 29.15 and a beta of 0.56. Qualys has a 1 year low of $119.17 and a 1 year high of $174.73. The stock’s fifty day moving average price is $143.41 and its two-hundred day moving average price is $135.70.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data 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 28.59% and a return on equity of 39.64%. Sell-side analysts anticipate that Qualys will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In related news, CFO Joo Mi Kim sold 1,332 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 113,652 shares in the company, valued at $17,885,415.24. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $33,741,295.98. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,259 shares of company stock worth $4,578,153 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Qualys in the 4th quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Qualys in the fourth quarter worth about $39,000. UMB Bank n.a. increased its holdings in Qualys by 80.8% during the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock valued at $55,000 after purchasing an additional 193 shares during the period. Fifth Third Bancorp raised its position in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares during the last quarter. Finally, Quarry LP lifted its holdings in Qualys by 56.2% in the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock worth $56,000 after buying an additional 158 shares during the period. 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.