Qualys (NASDAQ:QLYS) Downgraded to “Hold” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Qualys (NASDAQ:QLYS – Free Report) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

QLYS has been the topic of a number of other research reports. TD Cowen lifted their price target on Qualys from $145.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Piper Sandler upped their price objective on shares of Qualys from $100.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Jefferies Financial Group raised their target price on shares of Qualys from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Wedbush downgraded shares of Qualys from an “outperform” rating to a “neutral” rating and set a $175.00 target price on the stock. in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of Qualys from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.87.

View Our Latest Stock Analysis on Qualys

Qualys Stock Performance

Shares of NASDAQ:QLYS opened at $150.28 on Friday. The company has a market capitalization of $5.20 billion, a PE ratio of 26.00 and a beta of 0.62. The stock has a fifty day moving average of $166.35 and a 200-day moving average of $122.47. Qualys has a one year low of $74.51 and a one year high of $201.54.

Qualys (NASDAQ:QLYS – Get Free Report) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. Qualys had a return on equity of 37.52% and a net margin of 29.38%.The business had revenue of $182.18 million for the quarter, compared to analysts’ expectations of $178.57 million. During the same period in the previous year, the firm posted $1.68 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. As a group, research analysts forecast that Qualys will post 5.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sumedh S. Thakar sold 30,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $135.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief executive officer directly owned 196,686 shares of the company’s stock, valued at $26,552,610. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce Posey sold 866 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $184.23, for a total transaction of $159,543.18. Following the completion of the sale, the insider directly owned 59,554 shares of the company’s stock, valued at $10,971,633.42. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,205 shares of company stock valued at $7,592,800. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its stake in shares of Qualys by 170.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,527 shares of the software maker’s stock valued at $1,035,000 after buying an additional 4,747 shares during the period. Van Hulzen Asset Management LLC raised its holdings in shares of Qualys by 37.6% during the second quarter. Van Hulzen Asset Management LLC now owns 27,342 shares of the software maker’s stock worth $3,759,000 after acquiring an additional 7,467 shares in the last quarter. NorthRock Partners LLC raised its holdings in shares of Qualys by 0.8% during the second quarter. NorthRock Partners LLC now owns 13,501 shares of the software maker’s stock worth $1,856,000 after acquiring an additional 112 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Qualys during the second quarter valued at $372,000. Finally, RFG Advisory LLC acquired a new stake in Qualys during the second quarter valued at $1,778,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Company Profile

(Get Free Report)

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

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

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