Zacks Investment Research upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a research note released on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $100.00 target price on the software maker’s stock.
According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut USD Partners from a hold rating to a sell rating in a report on Friday, June 14th. Cowen decreased their price objective on Nordstrom from $44.00 to $36.00 and set a market perform rating on the stock in a report on Thursday, May 23rd. Northland Securities reissued a buy rating and set a $280.00 price objective on shares of ServiceNow in a report on Thursday, May 2nd. Wedbush reissued a buy rating on shares of Liquidia Technologies in a report on Thursday, May 2nd. Finally, JMP Securities raised their price objective on Qualys from $85.00 to $100.00 and gave the company a market outperform rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $94.29.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business had revenue of $75.34 million during the quarter, compared to analysts’ expectations of $74.92 million. During the same period in the previous year, the business earned $0.36 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Equities analysts forecast that Qualys will post 1.34 earnings per share for the current year.
In related news, Director Peter Pace sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $89.87, for a total transaction of $2,022,075.00. Following the transaction, the director now directly owns 30,243 shares in the company, valued at approximately $2,717,938.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sumedh S. Thakar sold 4,083 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $87.33, for a total value of $356,568.39. Following the transaction, the insider now owns 185,168 shares in the company, valued at $16,170,721.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,497 shares of company stock worth $5,060,930. 17.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Creek Advisors LLC raised its stake in Qualys by 0.3% during the second quarter. Summit Creek Advisors LLC now owns 111,212 shares of the software maker’s stock valued at $9,684,000 after buying an additional 310 shares during the last quarter. Navellier & Associates Inc raised its stake in Qualys by 6.9% during the second quarter. Navellier & Associates Inc now owns 30,402 shares of the software maker’s stock valued at $2,647,000 after buying an additional 1,966 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Qualys during the second quarter valued at $223,000. We Are One Seven LLC raised its stake in Qualys by 6.6% during the second quarter. We Are One Seven LLC now owns 5,659 shares of the software maker’s stock valued at $492,000 after buying an additional 350 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Qualys by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,317 shares of the software maker’s stock valued at $1,160,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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