Truist Financial Forecasts Strong Price Appreciation for Qualys (NASDAQ:QLYS) Stock

Qualys (NASDAQ:QLYS) had its price target boosted by Truist Financial from $120.00 to $145.00 in a report issued on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the software maker’s stock.

QLYS has been the subject of several other reports. Royal Bank of Canada lowered their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. TD Cowen raised their price objective on Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday. Scotiabank dropped their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley upped their price target on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Wedbush reduced their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $152.80.

Qualys Stock Performance

QLYS stock opened at $153.99 on Wednesday. The stock’s 50 day moving average price is $126.10 and its 200 day moving average price is $136.10. The firm has a market cap of $5.63 billion, a P/E ratio of 33.92 and a beta of 0.47. Qualys has a 1 year low of $119.17 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The firm had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. On average, research analysts predict that Qualys will post 3.94 earnings per share for the current year.

Insider Activity

In other news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the sale, the insider now owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,919 shares of company stock valued at $1,360,140. 1.00% of the stock is owned by insiders.

Institutional Trading of Qualys

Institutional investors have recently bought and sold shares of the stock. Financial Enhancement Group LLC boosted its stake in shares of Qualys by 1.5% in the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock valued at $784,000 after purchasing an additional 91 shares in the last quarter. Bank of Montreal Can boosted its stake in Qualys by 2.2% in the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock worth $699,000 after purchasing an additional 107 shares in the last quarter. Legacy Advisors LLC grew its holdings in shares of Qualys by 1.4% during the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after purchasing an additional 113 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Qualys by 8.1% in the first quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock valued at $281,000 after buying an additional 126 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Qualys by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

About Qualys

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.