Recently, several analysts provided updates on Qualys (QLYS). DA Davidson upgraded it from “hold” to “strong buy” on August 7th. Northland Securities maintained a “market perform” rating with a lowered price target of $140 (down from $150). TD Cowen reduced their target from $140 to $130 and rated it as “hold” on October 7th. Scotiabank dropped their price target from $167 to $150 and rated it as “sector perform”. Piper Sandler lowered their target from $116 to $115, marking it as “underweight”. In total, three analysts recommend selling, twelve suggest holding, one advises buying, and one recommends strong buying. The consensus rating is “Hold” with an average target price of $146.08.
Check Out Our Latest Analysis on Qualys
Qualys Price Performance
On Wednesday, shares of NASDAQ:QLYS opened at $123.21. The stock has a 1-year low of $119.32 and a high of $206.35, with a market cap of $4.55 billion and a P/E ratio of 28.52. Its 50-day moving average is $124.56, and the 200-day is $139.91.
Qualys announced its earnings on August 6th, reporting $1.52 EPS, surpassing estimates of $1.32. Revenue was $148.7 million, slightly below projections of $148.8 million, but up 8.4% year-over-year. Analysts expect an EPS of 3.94 for the current fiscal year.
Insider Buying and Selling
Insider Bruce K. Posey sold 1,339 shares on July 22nd at an average price of $143.35, totaling $191,945.65. He now holds 58,947 shares valued at about $8.45 million. CEO Sumedh S. Thakar sold 7,000 shares on October 14th for $876,470, retaining 179,649 shares worth around $22.49 million. Insiders sold a total of 11,535 shares worth $1.47 million last quarter, with insiders owning 1% of the stock.
Institutional Holdings
Institutional investors have been active recently. Vanguard raised its stake by 2.2%, owning 3,839,801 shares valued at $640.75 million. Boston Trust Walden Corp increased its holdings by 9.8%, while Mirae Asset Global Investments lifted its position by 50.9%. Overall, 99.31% of the company stock is owned by institutional investors.
About Qualys
Qualys, Inc. provides cloud-based IT security and compliance solutions, including vulnerability management, web scanning, and cloud security services.
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