Qualys, Inc. (NASDAQ:QLYS) Stock Has Consensus Target Price of $183.62 According to Brokerages

Shares of Qualys, Inc. (NASDAQ:QLYS) have been given an average rating of “Hold” by the sixteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $185.87.

Several research firms have recently weighed in on QLYS. Truist Financial increased their price objective on shares of Qualys from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. DA Davidson boosted their target price on shares of Qualys from $135.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. TD Cowen boosted their target price on shares of Qualys from $170.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded Qualys from a “buy” rating to a “hold” rating in a report on Monday, November 2nd. Finally, Yorkville Ives began coverage on Qualys in a report on Monday, October 5th. They set an “outperform” rating and a $230.00 price target for the company.

Insider Activity

In other Qualys news, insider Bruce Posey sold 881 shares of Qualys stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $189.52, for a total value of $166,967.12. Following the completion of the sale, the insider directly owned 57,807 shares in the company, valued at approximately $10,955,582.64. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joo Mi Kim sold 2,659 shares of Qualys stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $209.66, for a total value of $557,485.94. Following the completion of the sale, the chief financial officer owned 68,208 shares of the company’s stock, valued at approximately $14,300,489.28. The trade was a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,672 shares of company stock valued at $2,192,747 in the last ninety days. 0.72% of the stock is owned by company insiders.

Institutional Trading of Qualys

Several large investors have recently modified their holdings of QLYS. Sei Investments Co. raised its holdings in Qualys by 28.8% during the first quarter. Sei Investments Co. now owns 47,295 shares of the software maker’s stock worth $4,155,000 after buying an additional 10,569 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Qualys by 306.4% during the 1st quarter. Quantinno Capital Management LP now owns 36,253 shares of the software maker’s stock valued at $3,185,000 after acquiring an additional 27,333 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Qualys by 63.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 17,251 shares of the software maker’s stock valued at $2,372,000 after acquiring an additional 6,700 shares in the last quarter. Park State Asset Management purchased a new position in Qualys during the 2nd quarter worth $5,942,000. Finally, Chase Investment Counsel Corp purchased a new position in Qualys during the 2nd quarter worth $2,749,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Performance

Qualys stock opened at $190.41 on Friday. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 32.94 and a beta of 0.54. Qualys has a 52-week low of $74.51 and a 52-week high of $235.54. The firm has a 50 day moving average price of $190.76 and a two-hundred day moving average price of $136.71.

About Qualys

Qualys, Inc is a cloud-based cybersecurity company that helps organizations identify, assess and manage security risks across information technology environments. Its platform is designed to provide visibility into assets, vulnerabilities, configurations and compliance requirements across on-premises infrastructure, endpoints, networks, applications and cloud environments.

The company’s offerings include vulnerability management, detection and response, policy compliance, asset inventory, web application security, endpoint security and cloud security capabilities.