Investment analysts at Cowen assumed coverage on shares of Qualys (NASDAQ:QLYS) in a research report issued to clients and investors on Thursday, May 23rd, MarketBeat reports. The firm set an “outperform” rating and a $100.00 price target on the software maker’s stock. Cowen’s price target suggests a potential upside of 17.07% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. ValuEngine cut Qualys from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Northland Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Qualys in a research note on Thursday, May 2nd. JMP Securities upped their target price on Qualys from $85.00 to $100.00 and gave the company a “market outperform” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $100.00 target price on the stock in a research note on Thursday, May 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $102.00 target price (up previously from $95.00) on shares of Qualys in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Qualys presently has a consensus rating of “Buy” and an average target price of $93.53.
QLYS stock traded down $1.72 during midday trading on Thursday, reaching $85.42. 168,356 shares of the company traded hands, compared to its average volume of 371,448. The company has a market cap of $3.41 billion, a PE ratio of 71.78 and a beta of 1.48. Qualys has a 52-week low of $65.93 and a 52-week high of $98.30.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The business had revenue of $75.34 million for the quarter, compared to the consensus estimate of $74.92 million. Qualys had a net margin of 21.23% and a return on equity of 15.51%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. Equities research analysts expect that Qualys will post 1.34 earnings per share for the current fiscal year.
In related news, CFO Melissa B. Fisher sold 1,500 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $81.14, for a total value of $121,710.00. Following the transaction, the chief financial officer now owns 155,066 shares of the company’s stock, valued at $12,582,055.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bruce K. Posey sold 2,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $81.01, for a total value of $162,020.00. Following the sale, the vice president now directly owns 63,578 shares in the company, valued at approximately $5,150,453.78. The disclosure for this sale can be found here. In the last three months, insiders sold 56,719 shares of company stock worth $4,946,395. 17.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. FTB Advisors Inc. boosted its position in Qualys by 51.0% during the 1st quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after acquiring an additional 128 shares in the last quarter. MCF Advisors LLC bought a new stake in Qualys during the 4th quarter valued at $37,000. Cornerstone Advisors Inc. boosted its position in Qualys by 43.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after acquiring an additional 165 shares in the last quarter. Lindbrook Capital LLC bought a new stake in Qualys during the 4th quarter valued at $42,000. Finally, Sontag Advisory LLC purchased a new stake in shares of Qualys during the 4th quarter valued at $48,000. 85.26% of the stock is currently owned by institutional investors and hedge funds.
Qualys Company Profile
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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