Qualys Inc (NASDAQ:QLYS) stock falls after an analyst downgrade.
The price target for Qualys, Inc. (NASDAQ: QLYS), managed by Canaccord Genuity Group, was cut from $180.00 to $162.00 before markets opened on Thursday, resulting in a gap lower for action. After the previous session ended at $133.82, the company’s share price was $121.90 before trading began. Qualys shares, with a total market value of $4,336, recently traded at $113.76 per share.
Several viewpoints from equity research analysts were presented and discussed about QLYS. In a publicly available report on Monday, August 15, DA Davidson revealed that the company had raised its price target on Qualys to $135.00. In a research report released by Needham & Company LLC on Friday, October 21, the company reclassified Qualys shares from a “hold” rating to a “buy” rating and positioned a price target of $185.00 for the company’s stock had risen. their price target on Qualys at $135.00. In a research report released by Needham & Company LLC on Friday, October 21, the company reclassified Qualys shares from a “hold” rating to a “buy” rating and set a price target of $185.00 for the action. The report also said the company had moved its price target for the stock to $185.00. On or about Wednesday, October 12, StockNews.com published its initial article on the Qualys company and its shares. They recommended that shareholders “keep” their shares in the company. In a research note published on October 11, a Tuesday, Canaccord Genuity Group began providing coverage for Qualys shares. They suggested that investors “buy” the stock and set their expectations for its future price at $180.00. The price target Northland Securities has set for Qualys has risen from $138.00 to $140.00, as reported in a research report released Aug. 9. This was the third and final change, and it was also the most important. Seven different research analysts recommended the company buy it; five suggested investors hold on to their shares, and one suggested investors dump their shares. According to data made available by Bloomberg, Qualys’ current rating is ‘Moderate Buy’ and the price target for the company has been set at $150.54.
On Friday, October 14, 2018, the CEO of the company, Sumedh S. Thakar, made a transaction in which he sold 5,576 shares of the company. The total value of the shares sold was $713,616.48 and the price received for each share was, on average, $127.98. Following the completion of the transaction, the CEO of the company now directly owns 148,384 shares of the company. The total value of these shares is $18,990,184.32. The Securities and Exchange Commission received legal documents about the transaction, which were later uploaded to the SEC’s website after being provided to the SEC. On Aug. 10, Chief Revenue Officer Allan Peters sold 2,711 Qualys shares, according to additional information on the matter recently made public. A total price of $388,567.63 was received for the sale of the shares, which corresponds to an average sale price of $143.33 per share. Following completion of the transaction, the executive will own 24,622 shares of the company, each of which will have a current market value of $3,529,071.26. On the Securities and Exchange Commission’s website, you can find a copy of the legal document that provides a more detailed description of the sale. The document in question describes the sale of the asset. Additionally, on Friday, October 14, 5,576 shares of the company were sold by Sumedh S. Thakar, the CEO of the company. The total value of the shares sold was $713,616.48 and the price received for each share was, on average, $127.98. The CEO will directly own 148,384 shares after the successful completion of the transaction. The value of these shares is $18,990,184.32. Disclosures related to the sale can be found in this section of the website. According to the most recent financial filings, company insiders sold 35,092 shares in the past ninety days, bringing the total value of those sales to $5,157,672. 1.40 insiders of the company hold percent of the total shares currently outstanding.
QLYS holdings held by several institutional investors and hedge funds were recently updated. Pinnacle Financial Partners Inc. invested $25,000 in acquiring a brand new position in Qualys during the third quarter of the fiscal year. During the second quarter, Hoey Investments Inc. acquired approximately $38,000 worth of Qualys stock for its investment portfolio. During the third quarter of this year, Wipfli Financial Advisors LLC invested approximately $57,000 to establish a new position in Qualys shares. Additionally, a brand new investment of $100,000 was made in Qualys by CVA Family Office LLC in the first three months of 2018.
Finally, during the second quarter, Castle Wealth Management LLC acquired an additional stake in Qualys for a total cost of $102,000. This brought their total investment in the business to $132,000. A total of 90.60% of the company’s shares are held by hedge funds and other types of institutional investors.
This company has a beta of 0.62, a price-earnings ratio of 44.44, and a market capitalization of $4.27 billion. The simple moving average of the company’s stock price over the past 50 days is $143.83 and the simple moving average over the past 200 days is $135.67.
Qualys (NASDAQ: QLYS) provided the general public with its most recent earnings update on August 8. The software maker reported quarterly earnings per share of $0.67, $0.16 higher than the consensus estimate of $0.51. The company also reported quarterly net income of $2.1 million. Qualys had a return on equity of 24.17% and the company’s net margin was 22.68%. The company’s latest quarter sales were $119.89 million, significantly higher than the average quarterly sales forecast of $117.52 million. The company’s earnings per share were $0.53 for the same period a year earlier. Compared to the same quarter of the previous year, the increase in revenue was 20.3% more than expected. According to forecasts provided by analysts working in the relevant industry, Qualys, Inc. is expected to achieve earnings per share of $2.46 for the current fiscal year.
The information technology (IT), security and compliance solutions offered by Qualys, Inc. are hosted in the cloud. These services can be obtained in national or international contexts. 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; Certificate Review Vulnerability Management, Threat Protection, Continuous Monitoring, Patch Management, Multi-Vector Endpoint Detection and Response, Vulnerability Management A questionnaire to assess the risks associated with using an out-of-band configuration