Qualys (NASDAQ:QLYS) Price Target Raised to $220.00

Qualys (NASDAQ:QLYS) had its target price lifted by Scotiabank from $190.00 to $220.00 in a research note published on Wednesday morning, MarketBeat reports. Scotiabank currently has a sector outperform rating on the software maker’s stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group set a $190.00 target price on Qualys in a report on Wednesday. Truist Financial upped their price target on shares of Qualys from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird set a $160.00 price target on shares of Qualys in a research report on Wednesday. William Blair cut shares of Qualys from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley boosted their price objective on shares of Qualys from $115.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.53.

Qualys Stock Up 0.9%

Shares of NASDAQ:QLYS opened at $183.48 on Wednesday. Qualys has a 12-month low of $74.51 and a 12-month high of $201.54. The business has a 50 day moving average of $135.97 and a 200-day moving average of $112.17. The stock has a market cap of $6.35 billion, a PE ratio of 31.74 and a beta of 0.60.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. The company had revenue of $182.18 million for the quarter, compared to analyst estimates of $178.57 million. Qualys had a return on equity of 37.52% and a net margin of 29.38%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 earnings per share. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. Equities research analysts expect that Qualys will post 5.47 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Joo Mi Kim sold 1,627 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $153.04, for a total transaction of $248,996.08. Following the sale, the chief financial officer directly owned 75,743 shares of the company’s stock, valued at approximately $11,591,708.72. This represents a 2.10% decrease in their position. The transaction 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, insider Bruce K. Posey sold 882 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $158.17, for a total value of $139,505.94. Following the completion of the transaction, the insider directly owned 62,689 shares of the company’s stock, valued at approximately $9,915,519.13. This trade represents a 1.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 76,855 shares of company stock valued at $9,706,670. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Qualys

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in shares of Qualys by 3,948.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,024 shares of the software maker’s stock valued at $255,000 after purchasing an additional 1,974 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Qualys during the 2nd quarter worth $292,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Qualys by 3,218.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 531 shares of the software maker’s stock worth $76,000 after buying an additional 515 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Qualys by 482.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 646 shares of the software maker’s stock worth $92,000 after buying an additional 535 shares during the last quarter. Finally, Amundi boosted its stake in Qualys by 47.1% in the second quarter. Amundi now owns 21,365 shares of the software maker’s stock valued at $3,076,000 after buying an additional 6,844 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Company Profile

Qualys, Inc (NASDAQ: QLYS) is a leading provider of cloud-based security and compliance solutions designed to help organizations streamline their IT security programs. Operating on a unified, modular platform, Qualys offers continuous visibility into global IT assets through a combination of lightweight cloud agents and on-premises scanner appliances. The platform supports an array of security and compliance use cases, enabling real-time detection of vulnerabilities, policy violations and misconfigurations across on-premises, cloud and hybrid environments.

The company’s flagship Qualys Cloud Platform delivers a suite of integrated applications, including vulnerability management, detection and response (VMDR), policy compliance, web application scanning, file integrity monitoring, asset inventory and container security.