Truist Financial Lowers Qualys (NASDAQ:QLYS) Price Target to $165.00

Qualys (NASDAQ:QLYS) had its price objective dropped by equities research analysts at Truist Financial from $175.00 to $165.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the software maker’s stock. Truist Financial’s target price would suggest a potential upside of 8.62% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. StockNews.com downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Sunday, April 21st. JPMorgan Chase & Co. lifted their target price on Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a report on Thursday, February 8th. Scotiabank initiated coverage on shares of Qualys in a research report on Friday, April 26th. They set a “sector perform” rating and a $172.00 price objective for the company. Wedbush lowered their price objective on shares of Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, Robert W. Baird lowered their price objective on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and a consensus target price of $162.23.

Qualys Price Performance

Shares of NASDAQ QLYS traded up $0.04 during mid-day trading on Wednesday, hitting $151.91. The company had a trading volume of 26,305 shares, compared to its average volume of 467,207. The firm has a market cap of $5.61 billion, a P/E ratio of 37.59 and a beta of 0.51. Qualys has a 12 month low of $113.00 and a 12 month high of $206.35. The business’s 50-day simple moving average is $166.19 and its 200-day simple moving average is $175.70.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. The company had revenue of $144.57 million during the quarter, compared to the consensus estimate of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. As a group, sell-side analysts predict that Qualys will post 3.35 EPS for the current year.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 928 shares of Qualys stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $167.97, for a total value of $155,876.16. Following the completion of the sale, the chief financial officer now directly owns 93,196 shares in the company, valued at $15,654,132.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Qualys news, CFO Joo Mi Kim sold 928 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $167.97, for a total value of $155,876.16. Following the completion of the transaction, the chief financial officer now owns 93,196 shares in the company, valued at $15,654,132.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total transaction of $690,594.40. Following the sale, the chief executive officer now directly owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The disclosure for this sale can be found here. Insiders have sold a total of 14,590 shares of company stock worth $2,419,842 in the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Large investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in Qualys during the fourth quarter worth about $30,000. Rise Advisors LLC purchased a new stake in shares of Qualys during the 1st quarter worth about $26,000. Global Retirement Partners LLC lifted its holdings in shares of Qualys by 1,666.7% during the 1st quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after buying an additional 169 shares during the period. Finally, DecisionPoint Financial LLC purchased a new position in shares of Qualys in the first quarter valued at $34,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

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.