Qualys (NASDAQ:QLYS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a research report released on Tuesday.

QLYS has been the subject of a number of other reports. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Monday, February 10th. Loop Capital dropped their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Truist Financial raised their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price target on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Qualys currently has an average rating of “Hold” and an average price target of $146.57.

Qualys Stock Performance

Shares of Qualys stock opened at $129.70 on Tuesday. The firm has a market cap of $4.73 billion, a PE ratio of 27.89 and a beta of 0.56. The firm’s 50-day simple moving average is $138.62 and its 200-day simple moving average is $135.90. Qualys has a 1 year low of $119.17 and a 1 year high of $174.31.

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 return on equity of 38.52% and a net margin of 28.59%. On average, equities analysts predict that Qualys will post 3.85 earnings per share for the current year.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,635 shares of Qualys stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $138.64, for a total value of $226,676.40. Following the transaction, the chief financial officer now owns 112,017 shares of the company’s stock, valued at approximately $15,530,036.88. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bruce K. Posey sold 855 shares of Qualys stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $142.24, for a total transaction of $121,615.20. Following the completion of the transaction, the insider now directly owns 63,177 shares in the company, valued at approximately $8,986,296.48. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,926 shares of company stock worth $3,745,742 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Trading of Qualys

A number of institutional investors have recently made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Qualys by 0.5% in the fourth quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock worth $2,333,000 after purchasing an additional 77 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Qualys by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker’s stock valued at $806,000 after acquiring an additional 80 shares in the last quarter. Financial Enhancement Group LLC grew its stake in shares of Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock valued at $784,000 after acquiring an additional 91 shares in the last quarter. Fifth Third Bancorp lifted its position in Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Qualys by 12.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock worth $153,000 after purchasing an additional 123 shares during the period. Institutional investors own 99.31% of the company’s stock.

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.