Qualys (NASDAQ:QLYS) Hits New 12-Month Low – What’s Next?

Qualys, Inc. (NASDAQ:QLYS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $119.17 and last traded at $119.24, with a volume of 313727 shares. The stock had previously closed at $120.73.

Analysts Set New Price Targets

QLYS has been the subject of a number of recent research reports. Royal Bank of Canada lowered their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Morgan Stanley decreased their target price on shares of Qualys from $136.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Piper Sandler dropped their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group decreased their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $144.23.

Qualys Stock Up 0.9 %

The company’s fifty day simple moving average is $124.20 and its 200 day simple moving average is $137.05. The firm has a market capitalization of $4.43 billion, a PE ratio of 26.51 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The company had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Equities research analysts forecast that Qualys, Inc. will post 3.94 EPS for the current year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares of the company’s stock, valued at $6,830,273.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,535 shares of company stock valued at $1,442,641 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Covestor Ltd raised its holdings in Qualys by 19.7% in the 3rd quarter. Covestor Ltd now owns 1,177 shares of the software maker’s stock worth $151,000 after acquiring an additional 194 shares during the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of Qualys by 1.0% in the third quarter. Tandem Investment Advisors Inc. now owns 32,851 shares of the software maker’s stock worth $4,220,000 after purchasing an additional 326 shares during the last quarter. Financial Enhancement Group LLC raised its stake in shares of Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after purchasing an additional 91 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Qualys by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 44,938 shares of the software maker’s stock valued at $5,773,000 after purchasing an additional 664 shares in the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Qualys during the third quarter valued at $339,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

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.