Piper Sandler Increases Qualys (NASDAQ:QLYS) Price Target to $117.00

Qualys (NASDAQ:QLYS) had its target price increased by analysts at Piper Sandler from $109.00 to $117.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “underweight” rating on the software maker’s stock. Piper Sandler’s price objective would suggest a potential downside of 31.18% from the company’s current price.

A number of other research firms also recently commented on QLYS. UBS Group initiated coverage on Qualys in a report on Thursday, July 6th. They issued a “neutral” rating and a $135.00 price objective for the company. TD Cowen upped their price objective on Qualys from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, August 4th. Wedbush upped their price objective on Qualys from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday. Northland Securities upped their price objective on Qualys from $132.00 to $136.00 in a report on Friday, August 4th. Finally, Truist Financial increased their price target on Qualys from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $133.54.

Qualys Stock Up 11.3 %

Shares of QLYS opened at $170.00 on Friday. Qualys has a 12-month low of $101.10 and a 12-month high of $171.77. The firm has a market capitalization of $6.24 billion, a PE ratio of 45.95 and a beta of 0.53. The stock’s fifty day simple moving average is $155.34 and its 200-day simple moving average is $138.17.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.30. The business had revenue of $137.21 million during the quarter, compared to the consensus estimate of $135.55 million. Qualys had a return on equity of 40.52% and a net margin of 22.98%. Analysts anticipate that Qualys will post 3.2 EPS for the current year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 5,003 shares of Qualys stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $151.60, for a total value of $758,454.80. Following the sale, the chief executive officer now owns 153,396 shares of the company’s stock, valued at approximately $23,254,833.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Qualys news, insider Bruce K. Posey sold 1,595 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $156.89, for a total value of $250,239.55. Following the completion of the transaction, the insider now directly owns 51,203 shares in the company, valued at $8,033,238.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 5,003 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $151.60, for a total value of $758,454.80. Following the completion of the transaction, the chief executive officer now owns 153,396 shares of the company’s stock, valued at $23,254,833.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,341 shares of company stock valued at $3,616,658. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Huntington National Bank grew its stake in Qualys by 4.3% in the second quarter. Huntington National Bank now owns 1,740 shares of the software maker’s stock valued at $225,000 after purchasing an additional 71 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of Qualys by 1.5% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 5,406 shares of the software maker’s stock worth $698,000 after acquiring an additional 80 shares during the period. Park Place Capital Corp boosted its stake in shares of Qualys by 12.3% during the 3rd quarter. Park Place Capital Corp now owns 733 shares of the software maker’s stock worth $112,000 after acquiring an additional 80 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Qualys by 15.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 606 shares of the software maker’s stock worth $78,000 after acquiring an additional 81 shares during the period. Finally, Dark Forest Capital Management LP boosted its stake in shares of Qualys by 58.2% during the 1st quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Qualys Company Profile

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.