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TD Cowen analysts initates a Market perform rating for Qualys Inc (QLYS)

In a filing, Qualys Inc revealed its CEO & PRESIDENT Thakar Sumedh S unloaded Company’s shares for reported $0.66 million on Apr 15 ’24. In the deal valued at $163.96 per share,4,034 shares were sold. As a result of this transaction, Thakar Sumedh S now holds 193,608 shares worth roughly $31.66 million.

Then, Kim Joo Mi sold 1,912 shares, generating $315,550 in total proceeds. Upon selling the shares at $165.04, the CHIEF FINANCIAL OFFICER now owns 97,176 shares.

Before that, POSEY BRUCE K sold 1,430 shares. Qualys Inc shares valued at $235,818 were divested by the CHIEF LEGAL OFFICER at a price of $164.91 per share. As a result of the transaction, POSEY BRUCE K now holds 63,057 shares, worth roughly $10.31 million.

TD Cowen initiated its Qualys Inc [QLYS] rating to a Market perform in a research note published on March 26, 2024; the price target was $170. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid August with a ‘”an Equal-weight”‘ rating. UBS began covering QLYS with “Neutral” recommendation on July 06, 2023. Piper Sandler revised its rating on June 09, 2023. It rated QLYS as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of QLYS

On Friday, Qualys Inc [NASDAQ:QLYS] saw its stock jump 0.44% to $163.55. Over the last five days, the stock has lost -1.56%. Qualys Inc shares have fallen nearly -16.68% since the year began. Nevertheless, the stocks have risen 30.80% over the past one year. While a 52-week high of $206.35 was reached on 01/22/24, a 52-week low of $107.00 was recorded on 02/21/24. SMA at 50 days reached $166.64, while 200 days put it at $165.36. A total of 0.64 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For QLYS Stock

The 24-hour chart illustrates a support level at 161.73, which if violated will result in even more drops to 159.90. On the upside, there is a resistance level at 165.09. A further resistance level may holdings at 166.63. The Relative Strength Index (RSI) on the 14-day chart is 43.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.31%. Stochastics %K at 32.61% indicates the stock is a holding.

The most recent change occurred on May 31, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.

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