Qualys’ (QLYS) Market Perform Rating Reiterated at Northland Securities

Northland Securities reaffirmed their market perform rating on shares of Qualys (NASDAQ:QLYS) in a report issued on Monday morning,Benzinga reports. They currently have a $146.00 price objective on the software maker’s stock, down from their previous price objective of $150.00.

A number of other research firms have also recently commented on QLYS. Morgan Stanley lifted their price objective on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Scotiabank dropped their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, TD Cowen lifted their price objective on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Qualys presently has an average rating of “Hold” and a consensus target price of $146.57.

Qualys Stock Up 0.5 %

NASDAQ:QLYS opened at $138.05 on Monday. The company has a market capitalization of $5.05 billion, a PE ratio of 29.69 and a beta of 0.56. Qualys has a 52-week low of $119.17 and a 52-week high of $174.31. The stock has a fifty day simple moving average of $141.87 and a 200-day simple moving average of $135.43.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 39.64% and a net margin of 28.59%. As a group, equities analysts anticipate that Qualys will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 4,487 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.00, for a total transaction of $628,180.00. Following the completion of the sale, the chief financial officer now owns 112,757 shares of the company’s stock, valued at approximately $15,785,980. This represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 882 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total transaction of $123,180.12. Following the sale, the insider now directly owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. This trade represents a 1.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,746 shares of company stock valued at $4,158,713. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Qualys

A number of institutional investors and hedge funds have recently bought and sold shares of QLYS. Truist Financial Corp boosted its holdings in Qualys by 42.1% in the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock worth $250,000 after acquiring an additional 519 shares during the period. Cetera Investment Advisers boosted its holdings in Qualys by 27.3% in the 2nd quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock worth $1,423,000 after acquiring an additional 2,137 shares during the period. Sanctuary Advisors LLC purchased a new position in Qualys in the 2nd quarter worth approximately $536,000. UMB Bank n.a. boosted its holdings in Qualys by 80.8% in the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after acquiring an additional 193 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.