Qualys, Inc. (NASDAQ: QLYS) Receives Consensus “Hold” Recommendation from Analysts
Qualys, Inc. Shares (NASDAQ: QLYS – Get a rating) received an average rating of “Hold” from the twelve analysts covering the stock, Market Beat Ratings reports. One equity research analyst rated the stock with a sell rating, six assigned a hold rating and five issued a buy rating on the company. The 12-month average target price among brokers who have reported on the stock over the past year is $131.25.
A number of analysts have commented on the stock. Wedbush raised its price target on Qualys shares from $146.00 to $160.00 and gave the company an “outperform” rating in a Thursday, April 14 report. Wolfe Research launched a hedge on Qualys shares in a Monday, April 11 research note. They issued an “outperform” rating and a price target of $162.00 for the company. StockNews.com began covering Qualys shares in a research note on Thursday, March 31. They issued a “buy” rating for the company. To finish, Zacks Investment Research moved Qualys shares from a “sell” rating to a “hold” rating in a Thursday, April 14 research report.
In other Qualys news, an insider Bruce K. Posey sold 9,500 shares of the company in a trade on Monday, March 21. The shares were sold at an average price of $134.18, for a total transaction of $1,274,710.00. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Also, CEO Sumedh S. Thakar sold 2,793 shares of the company in a transaction dated Monday, April 18. The stock was sold at an average price of $143.64, for a total transaction of $401,186.52. As a result of the sale, the CEO now directly owns 178,185 shares of the company, valued at approximately $25,594,493.40. Disclosure of this sale can be found here. Insiders sold a total of 39,693 shares of the company worth $5,373,624 during the last quarter. 15.60% of the shares are held by insiders of the company.
Institutional investors and hedge funds have recently changed their positions in the company. Evoke Wealth LLC acquired a new position in Qualys stock in the fourth quarter worth approximately $41,000. Parallel Advisors LLC increased its position in Qualys shares by 46.0% in the fourth quarter. Parallel Advisors LLC now owns 527 shares of the software maker valued at $72,000 after buying an additional 166 shares in the last quarter. FourThought Financial LLC raised its position in Qualys shares by 401.8% in the fourth quarter. FourThought Financial LLC now owns 552 shares of the software maker valued at $76,000 after buying an additional 442 shares in the last quarter. Standard Family Office LLC acquired a new position in Qualys during the fourth quarter worth approximately $79,000. Finally, Van ECK Associates Corp increased its position in Qualys by 59.3% during the third quarter. Van ECK Associates Corp now owns 728 shares of the software maker worth $81,000 after buying 271 more shares in the last quarter. Institutional investors hold 97.46% of the company’s shares.
QLYS stock traded lower from $2.89 in midday trading on Tuesday, hitting $140.19. The company’s stock had a trading volume of 1,482 shares, compared to an average volume of 342,348. The stock has a market capitalization of $5.47 billion, a PE ratio of 77.84 and a beta of 0. .76. Qualys has a fifty-two week low of $92.00 and a fifty-two week high of $150.10. The company’s 50-day moving average is $133.38 and its two-hundred-day moving average is $130.25.
Qualys (NASDAQ: QLYS – Get a rating) last released its quarterly earnings data on Thursday, February 10. The software maker reported EPS of $0.55 for the quarter, beating the Zacks consensus estimate of $0.48 by $0.07. The company posted revenue of $109.80 million in the quarter, versus a consensus estimate of $108.47 million. Qualys has a net margin of 17.26% and a return on equity of 16.99%. Qualys quarterly revenue increased 15.7% year-on-year. In the same quarter of the previous year, the company achieved EPS of $0.61. On average, research analysts expect Qualys to post 1.66 earnings per share for the current year.
About Qualys (Get a rating)
Qualys, Inc provides cloud-based information technology (IT), security and compliance solutions in the United States and around the world. 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.
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