Qualys, Inc. (NASDAQ:QLYS)’s share price traded up NaN during trading on Thursday after J P Morgan Chase & Co raised their price target on the stock from $55.00 to $70.00. J P Morgan Chase & Co currently has an overweight rating on the stock. Qualys traded as high as $57.35 and last traded at $0.00. 1,189,170 shares changed hands during mid-day trading, an increase of Infinity from the average session volume of 0 shares.
A number of other research analysts have also recently commented on QLYS. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price (up previously from $65.00) on shares of Qualys in a research note on Wednesday. BidaskClub raised Qualys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Northland Securities set a $48.00 price objective on Qualys and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Qualys in a research note on Monday, July 31st. Finally, Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.57.
In related news, VP Bruce K. Posey sold 11,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $46.32, for a total value of $509,520.00. Following the completion of the sale, the vice president now directly owns 34,495 shares of the company’s stock, valued at $1,597,808.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Todd P. Headley sold 4,714 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $45.25, for a total transaction of $213,308.50. Following the completion of the sale, the director now directly owns 14,410 shares of the company’s stock, valued at $652,052.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,908 shares of company stock worth $3,231,668. Corporate insiders own 30.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Syntal Capital Partners LLC purchased a new stake in shares of Qualys in the third quarter valued at about $791,000. Thompson Davis & CO. Inc. raised its holdings in Qualys by 1,100.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock worth $155,000 after purchasing an additional 2,750 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Qualys by 12.4% during the third quarter. New York State Teachers Retirement System now owns 12,656 shares of the software maker’s stock worth $656,000 after purchasing an additional 1,400 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Qualys during the third quarter worth about $581,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Qualys during the third quarter worth about $219,000. 73.47% of the stock is owned by hedge funds and other institutional investors.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 15.40%. The company had revenue of $59.49 million for the quarter, compared to the consensus estimate of $58.59 million. During the same period in the previous year, the firm earned $0.22 EPS. Qualys’s revenue was up 16.7% on a year-over-year basis.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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