Qualys (NASDAQ:QLYS – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other brokerages also recently weighed in on QLYS. DA Davidson cut their price target on Qualys from $120.00 to $115.00 in a report on Friday, May 5th. William Blair started coverage on shares of Qualys in a research note on Tuesday, May 30th. They set an “outperform” rating for the company. Piper Sandler downgraded Qualys from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $120.00 to $109.00 in a report on Friday, June 9th. Wolfe Research downgraded Qualys from a “peer perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a report on Monday, May 8th. Finally, UBS Group initiated coverage on Qualys in a research note on Thursday, July 6th. They set a “neutral” rating and a $135.00 target price for the company. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $135.33.
Qualys Price Performance
Shares of NASDAQ QLYS opened at $131.04 on Friday. Qualys has a 1 year low of $101.10 and a 1 year high of $162.36. The company has a market capitalization of $4.84 billion, a P/E ratio of 45.34 and a beta of 0.62. The company has a 50 day simple moving average of $126.44 and a 200-day simple moving average of $120.94.
Insider Buying and Selling
In other Qualys news, CEO Sumedh S. Thakar sold 6,833 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $125.53, for a total transaction of $857,746.49. Following the sale, the chief executive officer now directly owns 166,650 shares in the company, valued at $20,919,574.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Sumedh S. Thakar sold 8,333 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $130.02, for a total value of $1,083,456.66. Following the completion of the transaction, the chief executive officer now owns 166,650 shares of the company’s stock, valued at approximately $21,667,833. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumedh S. Thakar sold 6,833 shares of Qualys stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $125.53, for a total transaction of $857,746.49. Following the sale, the chief executive officer now owns 166,650 shares of the company’s stock, valued at $20,919,574.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,643 shares of company stock worth $4,173,908 in the last quarter. Company insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On Qualys
Institutional investors have recently added to or reduced their stakes in the business. Baker Tilly Wealth Management LLC boosted its holdings in Qualys by 1.5% in the second quarter. Baker Tilly Wealth Management LLC now owns 5,406 shares of the software maker’s stock valued at $698,000 after acquiring an additional 80 shares during the last quarter. Legacy Advisors LLC grew its holdings in shares of Qualys by 5.0% during the 2nd quarter. Legacy Advisors LLC now owns 7,161 shares of the software maker’s stock worth $925,000 after purchasing an additional 339 shares during the period. Tandem Investment Advisors Inc. increased its position in Qualys by 23.1% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 31,570 shares of the software maker’s stock worth $4,078,000 after purchasing an additional 5,933 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Qualys by 6.5% in the second quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the software maker’s stock valued at $1,266,000 after buying an additional 600 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Qualys by 383.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 11,238 shares of the software maker’s stock valued at $1,452,000 after buying an additional 8,914 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.
About Qualys
Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; 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; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.
Further Reading
- Five stocks we like better than Qualys
- American Airlines Beats Earnings, Thinking Of Buying?
- Is This The Top For D.R. Horton Stock?
- 3 Undervalued Large-Cap Stocks That Won’t Be for Long
- Johnson & Johnson’s Inflection Point: What it Means for Investors
- Should You Buy the Dip as Tides Change at Taiwan Semiconductor?
Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.
