The research analysts at Piper Jaffray lowered their price estimate for Qualys (NASDAQ: QLYS), bringing it down from $138.00 to $115.00, as stated in a report by The Fly. Thursday was the day that the letter was delivered to the investors. Based on the price objective that Piper Sandler provided, it appears that the share price could rise by 2.60% compared to its most recent closing price.
There have been publications written about the stock in question by several other equity research analysts as well. Canaccord Genuity Group stated in a research note published on November 3 that they would be lowering their price target on Qualys shares from $180.00 to $162.00 and that this change would be effective immediately. Morgan Stanley downgraded the company from an “overweight” ranking to a “neutral” level in a research note published on Friday, November 4. It decreased its price objective on Qualys shares from $123.00 to $118.00. Wedbush stated in a research note published on November 3 that they would be decreasing their price target for Qualys shares from $150.00 to $140.00. The new price target was announced. On Friday, October 21, Needham & Company LLC reaffirmed their “buy” rating on shares of Qualys and increased their price objective for the company’s stock to $185.00. Previously, they had given the stock a “hold” rating. This information was presented in a report that was compiled after conducting research. October 11 marked the day that Canaccord Genuity Group published its first research report covering Qualys shares, which also marked the day that it finally began covering the stock. They provided the stock with a recommendation of “buy” and estimated that the price of the stock would rise to $180.00 shortly. Five analysts have provided a recommendation to buy the stock, seven have provided a recommendation to hold onto the stock, and one has provided a recommendation to sell the stock. The stock is currently rated “Hold” on average, and analysts have set a consensus price objective of $146.08, according to data from Bloomberg.com.
Thursday saw QLYS begin trading at $112.09. Both the price-to-earnings ratio and the beta value for the company come in at 0.58. The ratio for the company is 43.61. The company’s total value, as measured by its market capitalization, is $4.26 billion. The price of Qualys shares has ranged from a high of $162.36 to a low of $107.69 over the past year. The current share price of the company’s stock is $119.95, which is lower than its 200-day moving average price of $132.14.
On November 2, Qualys (NASDAQ: QLYS) announced the quarterly financial figures that it had been working on. These figures were released on Wednesday. In the most recent quarter, the software company reported earnings per share of $0.71, which was $0.13 higher than the consensus estimate of $0.58. In addition, Qualys successfully achieved a return on equity of 25.13 percent and a net margin of 21.666 percent. The sales for the company during the period came in at $125.56 million, which is higher than the predictions made by analysts, which were $125.12 million for the period in question. The researchers’ projections indicate that Qualys will have earnings of 2.54 cents per share in 2018.
On Friday, October 14, Sumedh S. Thakar, Chief Executive Officer of the company, made a transaction in which he sold 5,576 shares of the company’s stock. Related news follows. The transaction involved the sale of the shares at an average price of $127.98 per share, which resulted in a total sale volume of $713,616.48. After the transaction is finalized, the CEO will be the owner of 148,384 shares in the company. Based on the current stock price, these shares are worth $18,990,184.32. In addition, the Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. On Friday, October 14, Sumedh S. Thakar, Chief Executive Officer of the company, made a transaction in which he sold 5,576 shares of the company’s stock. Related news follows. The transaction involved the sale of the shares at an average price of $127.98 per share, which resulted in a total sale volume of $713,616.48. After the transaction is finalized, the CEO will be the owner of 148,384 shares in the company. Based on the current stock price, these shares are worth $18,990,184.32.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, on December 8, Chief Revenue Officer Allan Peters sold 553 shares of the company’s stock. These shares were sold in a transaction that took place. There was a total sale of $63,871.50 worth of stock, and the price at which each share was purchased ranged from $115.50 to 115.50 dollars. Following the completion of the transaction, the executive will have a total of 43,075 shares in the company, which will have a value of $4,975,162.50 upon their current valuation. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 17,281 shares of company stock, resulting in a total sale volume of $2,143,775. The company’s insiders hold a total of 1.40 percent of the company’s shares.
In recent months, institutional investors, such as hedge funds, have either increased or decreased their stakes in the company, depending on the path they choose to take. Pinnacle Financial Partners Inc. acquired a new Qualys stake during the third quarter of the fiscal year, and the value of this stake was approximately $25,000. As of the end of the third quarter, Bessemer Group Inc. owned 778.1% more shares of Qualys than it did at the beginning of the quarter. After making an additional purchase of 249 shares during the period, Bessemer Group Inc. now has 281 shares of the software manufacturer’s stock. Each share of this stock is currently worth $39,000, and the company has a total of 281 shares. The amount of money spent on new investments by Hoey Investments Inc. during the second quarter was greater than $38,000. Qualys was the recipient of the investment. During the third quarter, Wipfli Financial Advisors LLC added approximately $57,000 to its previous Qualys holdings to broaden its company exposure. BI Asset Management Fondsmaeglerselskab A S also initiated a new position in Qualys during the third quarter, which was estimated to be worth approximately 103,000 Danish Kroner at the time of the investment. The vast majority of the company’s stock is owned by institutional investors and hedge funds, accounting for 92.61% of the total.
The solutions for information technology (IT), security, and compliance offered by Qualys, Inc. are hosted in the cloud. These services can be obtained in either domestic or international settings. Vulnerability Management, Threat Protection, Continuous Monitoring, Patch Management, Multi-Vector Endpoint Detection and Response, Vulnerability Management, Detection and Response, and Vulnerability Management, Response; Enterprise Mobility Security; PCI compliance; SaaS detection and response; examination of certificates; evaluation of security policies; A Questionnaire for Assessing the Risks Associated with Using an Out-of-Band Configuration