An Analysis of Qualys Inc. (QLYS)’s Potential Price Growth


In a filing, Qualys Inc. revealed its CEO & President Thakar Sumedh S unloaded Company’s shares for reported $0.71 million on Oct 14. In the deal valued at $127.98 per share,5,576 shares were sold. As a result of this transaction, Thakar Sumedh S now holds 148,384 shares worth roughly $ 16.51 million.

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Then, Thakar Sumedh S sold 5,576 shares, generating $869,414 in total proceeds. Upon selling the shares at $155.92, the CEO & President now owns 149,660 shares.

Before that, Peters Allan sold 553 shares. Qualys Inc. shares valued at $86,241 were divested by the Chief Revenue Officer at a price of $155.95 per share. As a result of the transaction, Peters Allan now holds 23,506 shares, worth roughly $2.62 million.

Needham upgraded its Qualys Inc. [QLYS] rating to a Buy from a a Hold in a research note published on Friday. PT values the company’s stock at a premium of 39.84 to its Friday closing price. A number of analysts have revised their coverage, including Berenberg’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Canaccord Genuity started covering the stock on October 11, 2022. It rated QLYS as “a Buy”.

Price Performance Review of QLYS

On Friday, Qualys Inc. [NASDAQ:QLYS] saw its stock fall -0.97% to $111.29. On the same session, the stock had its day’s lowest price of $107.69, but rose to a high of $113.82. Over the last five days, the stock has lost -21.82%. Qualys Inc. shares have fallen nearly -18.90% since the year began. Nevertheless, the stocks have fallen -18.79% over the past one year. While a 52-week high of $162.36 was reached on 09/12/22, a 52-week low of $108.10 was recorded on 11/04/22. SMA at 50 days reached $142.20, while 200 days put it at $133.86. A total of 0.62 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For QLYS Stock

The 24-hour chart illustrates a support level at 108.05, which if violated will result in even more drops to 104.80. On the upside, there is a resistance level at 114.18. A further resistance level may holdings at 117.06. The Relative Strength Index (RSI) on the 14-day chart is 26.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.39%. Stochastics %K at 18.72% indicates the stock is a buying.

How much short interest is there in Qualys Inc.?

A steep rise in short interest was recorded in Qualys Inc. stocks on Jul 14, 2022, growing by 0.11 million shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.17 million shares. There was a rise of 4.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.51.

Qualys Inc. [QLYS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,809,300 shares, or roughly 9.93% of the outstanding QLYS shares. In other words, the investor’s shares have risen by 302,786 from its previous 13-F filing of 3506514.0. Additionally, The Vanguard Group, Inc. increased 1.40% of its stake after which the total value it holdings stand at $464,521,217, while Neuberger Berman Investment Advis reduced -2.16% of its stake to hold $298.32 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 31,477 shares of Qualys Inc., while First Trust Advisors LP bought -137,375 shares. At present, Congress Asset Management Co. LLP is holding 1,050,212 shares valued at $146.39 million. Fundsmith LLP owned 930,206 shares of the company at the time of its most recent 13F filing, worth $129.66 million.

According to FactSet, Qualys Inc.’s share price will average $141.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.58 percent from its previous closing price of $112.38. Analysts expect Qualys Inc. stock to reach the higher price of $165.00, while the lowest price estimate is $118.00. However, 16 analysts have rated QLYS stock as an Overweight in their predictions for 2022. The most recent change occurred on July 15, 2022 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $120 price target.


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