Qualys (NASDAQ:QLYS) PT Lowered to $180.00

Qualys (NASDAQ:QLYSFree Report) had its target price reduced by Royal Bank of Canada from $212.00 to $180.00 in a research report released on Thursday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the software maker’s stock.

Several other analysts have also weighed in on the stock. StockNews.com upgraded shares of Qualys from a hold rating to a buy rating in a research note on Tuesday, January 9th. Piper Sandler lifted their price target on shares of Qualys from $109.00 to $117.00 and gave the company an underweight rating in a research note on Friday, November 3rd. Wedbush cut their price objective on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a research report on Thursday. Morgan Stanley boosted their target price on Qualys from $104.00 to $137.00 and gave the company an underweight rating in a research report on Tuesday, November 7th. Finally, Truist Financial increased their price target on Qualys from $145.00 to $175.00 and gave the stock a hold rating in a report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of Hold and a consensus price target of $151.57.

View Our Latest Report on Qualys

Qualys Price Performance

NASDAQ QLYS opened at $171.85 on Thursday. The stock has a market capitalization of $6.32 billion, a P/E ratio of 42.54 and a beta of 0.54. The business has a 50 day simple moving average of $191.37 and a 200 day simple moving average of $169.40. Qualys has a one year low of $107.00 and a one year high of $206.35.

Insider Buying and Selling at Qualys

In other news, CEO Sumedh S. Thakar sold 5,005 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total value of $961,210.25. Following the completion of the sale, the chief executive officer now owns 182,213 shares in the company, valued at $34,994,006.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Qualys news, CFO Joo Mi Kim sold 5,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $181.07, for a total value of $905,350.00. Following the transaction, the chief financial officer now owns 105,739 shares of the company’s stock, valued at $19,146,160.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 5,005 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total value of $961,210.25. Following the completion of the transaction, the chief executive officer now owns 182,213 shares of the company’s stock, valued at approximately $34,994,006.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,193 shares of company stock worth $4,103,753. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Qualys

A number of hedge funds and other institutional investors have recently made changes to their positions in QLYS. Creative Planning bought a new stake in Qualys in the second quarter worth about $250,000. Burney Co. raised its holdings in shares of Qualys by 15.9% in the 3rd quarter. Burney Co. now owns 83,984 shares of the software maker’s stock worth $12,812,000 after purchasing an additional 11,496 shares during the period. Van Berkom & Associates Inc. lifted its stake in Qualys by 9.9% in the third quarter. Van Berkom & Associates Inc. now owns 511,574 shares of the software maker’s stock valued at $78,041,000 after purchasing an additional 46,143 shares during the last quarter. BlackRock Inc. grew its holdings in Qualys by 4.1% during the second quarter. BlackRock Inc. now owns 4,743,758 shares of the software maker’s stock valued at $612,751,000 after purchasing an additional 185,497 shares during the period. Finally, Cercano Management LLC purchased a new stake in Qualys in the third quarter worth $2,744,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

About Qualys

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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.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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