Qualys (NASDAQ:QLYS)‘s stock had its “hold” rating reiterated by analysts at Robert W. Baird in a research note issued on Wednesday.
The analysts wrote, “We maintain our Neutral rating and raise our price target to $86. Qualys reported generally in-line 4Q18 results supported by continued positive contribution from the cloud agent albeit at a lower rate and in-line contribution from new products. We see the ease of use, frictionless management and low cost of consuming incremental applications from the Qualys Platform as driving greater strategic value over time. While positive on the fundamentals, we await evidence of more material success with new products.””
Other analysts also recently issued reports about the company. BidaskClub downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, December 22nd. JMP Securities raised Qualys from a “market perform” rating to an “outperform” rating in a research note on Friday, January 4th. Wedbush initiated coverage on Qualys in a research note on Thursday, October 18th. They issued an “outperform” rating and a $95.00 target price for the company. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, January 25th. Finally, BTIG Research raised Qualys from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, November 20th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Qualys has an average rating of “Buy” and an average price target of $88.94.
Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. Qualys had a return on equity of 14.18% and a net margin of 17.10%. The business had revenue of $74.20 million during the quarter, compared to the consensus estimate of $74.14 million. During the same period last year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Sell-side analysts anticipate that Qualys will post 1.07 earnings per share for the current fiscal year.
In related news, insider Sumedh S. Thakar sold 3,796 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $77.09, for a total transaction of $292,633.64. Following the completion of the transaction, the insider now directly owns 218,081 shares in the company, valued at approximately $16,811,864.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melissa B. Fisher sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $74.35, for a total value of $111,525.00. Following the transaction, the chief financial officer now owns 159,001 shares of the company’s stock, valued at $11,821,724.35. The disclosure for this sale can be found here. Insiders have sold a total of 33,649 shares of company stock valued at $2,911,258 over the last three months. Corporate insiders own 18.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its holdings in Qualys by 4,600.0% during the 3rd quarter. Cornerstone Advisors Inc. now owns 376 shares of the software maker’s stock valued at $34,000 after acquiring an additional 368 shares during the period. MCF Advisors LLC purchased a new position in Qualys during the 4th quarter valued at about $37,000. Lindbrook Capital LLC purchased a new position in Qualys during the 4th quarter valued at about $42,000. Acadian Asset Management LLC purchased a new position in Qualys during the 4th quarter valued at about $62,000. Finally, Quantamental Technologies LLC purchased a new position in Qualys during the 4th quarter valued at about $67,000. Institutional investors own 85.22% of the company’s stock.
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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