Qualys (NASDAQ:QLYS) Price Target Raised to $210.00

Qualys (NASDAQ:QLYS) had its price objective increased by UBS Group from $170.00 to $210.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other research firms also recently issued reports on QLYS. Yorkville Ives started coverage on Qualys in a research note on Monday, October 5th. They set an “outperform” rating and a $230.00 price target for the company. Morgan Stanley increased their price objective on shares of Qualys from $130.00 to $140.00 and gave the stock an “underweight” rating in a research note on Tuesday. TD Cowen raised their price objective on shares of Qualys from $170.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. dropped their price objective on shares of Qualys from $241.00 to $215.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Scotiabank boosted their target price on shares of Qualys from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Qualys currently has a consensus rating of “Hold” and an average price target of $195.00.

Qualys Price Performance

NASDAQ QLYS opened at $173.09 on Tuesday. The business’s fifty day moving average price is $191.01 and its 200-day moving average price is $137.75. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 29.85 and a beta of 0.54. Qualys has a 1-year low of $74.51 and a 1-year high of $235.54.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Monday, November 9th. The software maker reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.16. The firm had revenue of $188.05 million for the quarter, compared to the consensus estimate of $186.63 million. Qualys had a return on equity of 37.09% and a net margin of 29.59%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. Equities research analysts anticipate that Qualys will post 5.84 EPS for the current year.

Insider Activity at Qualys

In related news, CFO Joo Mi Kim sold 2,659 shares of Qualys stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $209.66, for a total transaction of $557,485.94. Following the transaction, the chief financial officer directly owned 68,208 shares in the company, valued at approximately $14,300,489.28. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce K. Posey sold 881 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $189.52, for a total value of $166,967.12. Following the sale, the insider directly owned 57,807 shares of the company’s stock, valued at $10,955,582.64. This represents a 1.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 11,672 shares of company stock worth $2,192,747. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Kilter Group LLC bought a new position in shares of Qualys during the 2nd quarter valued at approximately $31,000. Continuum Advisory LLC purchased a new stake in Qualys in the 2nd quarter worth approximately $33,000. Public Employees Retirement System of Ohio bought a new stake in Qualys during the 2nd quarter worth approximately $51,000. Allworth Financial LP bought a new stake in Qualys during the 2nd quarter worth approximately $64,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Qualys by 40.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 472 shares of the software maker’s stock worth $65,000 after acquiring an additional 136 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Latest Qualys News

Investors following QLYS have been watching these news items:

• Positive Sentiment: Robert W. Baird, Piper Sandler, Royal Bank of Canada and Morgan Stanley raised their price targets for Qualys. Wedbush and UBS analysts also expect the shares to rise, offering a counterpoint to the recent weakness. Baird price target Piper Sandler price target RBC price target Morgan Stanley price target Wedbush outlook UBS outlook
• Neutral Sentiment: Qualys raised its guidance, but the accompanying coverage questions whether the stock’s valuation already reflects that improvement. The company also recently reported quarterly EPS and revenue above consensus, while revenue grew 10.7% year over year. Guidance and valuation
• Negative Sentiment: Jefferies maintained a Hold rating and lowered its expectations for Qualys’ share price. JPMorgan also cut its price target. Separately, a Seeking Alpha analysis argues that the valuation requires faster growth, reinforcing concerns that current growth may not justify the stock’s valuation. Jefferies outlook Jefferies expectations JPMorgan price target Valuation analysis

Qualys Company Profile

Qualys, Inc. provides cloud-based security and compliance software to help organizations identify and manage cybersecurity risks. Its platform brings together information about an organization’s IT assets and security posture to support vulnerability management, threat detection, and compliance activities. Qualys offers products and services for vulnerability assessment and remediation, cloud security, endpoint protection, web application security, and policy compliance. Its solutions are designed to help customers monitor systems across cloud environments, on-premises infrastructure, and other connected assets.