Research Analysts’ Weekly Ratings Updates for Qualys (QLYS)

Several analysts have recently updated their ratings and price targets for Qualys (NASDAQ: QLYS):

• 11/11/2024 – Qualys was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating.
• 11/6/2024 – Qualys had its price target raised by analysts at Morgan Stanley from $123.00 to $126.00. They now have an “underweight” rating on the stock.
• 11/6/2024 – Qualys had its price target raised by analysts at Royal Bank of Canada from $150.00 to $162.00. They now have a “sector perform” rating on the stock.
• 11/6/2024 – Qualys had its price target raised by analysts at UBS Group AG from $140.00 to $160.00. They now have a “neutral” rating on the stock.
• 11/6/2024 – Qualys had its price target raised by analysts at DA Davidson from $120.00 to $147.00. They now have a “neutral” rating on the stock.
• 11/6/2024 – Qualys had its price target raised by analysts at Jefferies Financial Group Inc. from $135.00 to $155.00. They now have a “hold” rating on the stock.
• 11/6/2024 – Qualys had its “hold” rating reaffirmed by analysts at Westpark Capital.
• 11/6/2024 – Qualys had its price target raised by analysts at Truist Financial Co. from $120.00 to $145.00. They now have a “hold” rating on the stock.
• 11/6/2024 – Qualys had its price target raised by analysts at TD Cowen from $130.00 to $150.00. They now have a “hold” rating on the stock.
• 11/6/2024 – Qualys is now covered by analysts at Needham & Company LLC. They set a “hold” rating on the stock.
• 11/6/2024 – Qualys had its price target raised by analysts at Canaccord Genuity Group Inc. from $160.00 to $170.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Qualys had its price target lowered by analysts at Morgan Stanley from $136.00 to $123.00. They now have an “underweight” rating on the stock.
• 10/23/2024 – Qualys had its price target lowered by analysts at Truist Financial Co. from $130.00 to $120.00. They now have a “hold” rating on the stock.
• 10/16/2024 – Qualys is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $135.00 price target on the stock.
• 10/7/2024 – Qualys had its price target lowered by analysts at TD Cowen from $140.00 to $130.00. They now have a “hold” rating on the stock.

Qualys Stock Down 1.3 %

QLYS stock opened at $149.39 on Friday. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 32.91 and a beta of 0.47. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $206.35. The firm has a 50 day moving average of $127.90 and a two-hundred day moving average of $135.75.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Insider Activity at Qualys

In other news, CFO Joo Mi Kim sold 634 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the sale, the chief financial officer now owns 85,942 shares of the company’s stock, valued at approximately $10,501,252.98. This represents a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in Qualys by 46.0% during the 1st quarter. SG Americas Securities LLC now owns 1,685 shares of the software maker’s stock worth $281,000 after buying an additional 531 shares during the period. Swiss National Bank grew its stake in shares of Qualys by 0.3% during the 1st quarter. Swiss National Bank now owns 72,600 shares of the software maker’s stock worth $12,115,000 after acquiring an additional 200 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Qualys by 0.6% during the 1st quarter. Russell Investments Group Ltd. now owns 125,879 shares of the software maker’s stock worth $20,963,000 after acquiring an additional 740 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Qualys by 4.9% during the 1st quarter. ProShare Advisors LLC now owns 8,668 shares of the software maker’s stock worth $1,446,000 after acquiring an additional 405 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Qualys by 60.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,449 shares of the software maker’s stock worth $3,079,000 after acquiring an additional 6,932 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.