UBS Group Issues Positive Forecast for Qualys (NASDAQ:QLYS) Stock Price

Qualys (NASDAQ:QLYS) had its price objective boosted by research analysts at UBS Group from $140.00 to $160.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. UBS Group’s price target indicates a potential upside of 0.74% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on QLYS. Piper Sandler lowered their target price on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. TD Cowen boosted their target price on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday. DA Davidson boosted their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday. Needham & Company LLC started coverage on shares of Qualys in a report on Wednesday. They set a “hold” rating on the stock. Finally, Morgan Stanley boosted their target price on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.80.

Qualys Trading Up 23.9 %

Qualys stock traded up $30.59 during midday trading on Wednesday, reaching $158.82. The stock had a trading volume of 2,401,836 shares, compared to its average volume of 439,139. The company has a market capitalization of $5.85 billion, a P/E ratio of 35.12 and a beta of 0.47. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35. The company has a fifty day moving average price of $124.24 and a two-hundred day moving average price of $136.16.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the completion of the sale, the chief financial officer now directly owns 85,942 shares in the company, valued at $10,501,252.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the transaction, the chief financial officer now owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,919 shares of company stock worth $1,360,140. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in shares of Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares in the last quarter. Quarry LP bought a new position in shares of Qualys during the second quarter valued at approximately $40,000. DT Investment Partners LLC bought a new position in shares of Qualys during the second quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after acquiring an additional 223 shares in the last quarter. 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.