Qualys (NASDAQ:QLYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

QLYS has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Qualys from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Robert W. Baird set a $160.00 price objective on shares of Qualys in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on shares of Qualys from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Qualys from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Piper Sandler boosted their target price on shares of Qualys from $100.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $183.62.

Qualys Price Performance

NASDAQ QLYS opened at $227.90 on Friday. Qualys has a 1-year low of $74.51 and a 1-year high of $230.82. The business’s fifty day moving average price is $185.99 and its 200-day moving average price is $133.57.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. The firm had revenue of $182.18 million during the quarter, compared to the consensus estimate of $178.57 million. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. Qualys has set its FY 2026 guidance at 7.740-7.880 EPS and its Q3 2026 guidance at 1.910-1.980 EPS. Research analysts anticipate that Qualys will post 5.84 EPS for the current fiscal year.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,627 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $153.04, for a total transaction of $248,996.08. Following the completion of the sale, the chief financial officer owned 75,743 shares of the company’s stock, valued at approximately $11,591,708.72. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bruce K. Posey sold 881 shares of the company’s stock in a transaction dated 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 owned 57,807 shares of the company’s stock, valued at approximately $10,955,582.64. The trade was a 1.50% 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. Over the last three months, insiders have sold 10,640 shares of company stock worth $1,884,257. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Qualys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Qualys during the second quarter valued at approximately $792,316,000. Legal & General Group Plc purchased a new stake in shares of Qualys in the second quarter worth $197,624,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Qualys by 127.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 832,796 shares of the software maker’s stock worth $73,161,000 after purchasing an additional 465,952 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Qualys during the 2nd quarter valued at $39,044,000. Finally, Bank of America Corp DE bought a new stake in shares of Qualys during the 2nd quarter valued at $21,852,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

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.