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Qualys (NASDAQ:QLYS) was downgraded by research analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a report released on Thursday. They currently have a $30.00 target price on the stock. RBC Capital’s target price points to a potential upside of 9.53% from the company’s current price.

A number of other analysts have also recently weighed in on QLYS. Analysts at Topeka Capital Markets raised their price target on shares of Qualys from $23.00 to $26.50 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Zacks upgraded shares of Qualys from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $29.80 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Qualys in a research note on Tuesday, August 5th. They now have a $22.00 price target on the stock, up previously from $20.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.03.

In other Qualys news, Director Peter Pace sold 9,000 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.61, for a total value of $248,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Qualys (NASDAQ:QLYS) opened at 27.21 on Thursday. Qualys has a one year low of $18.00 and a one year high of $29.94. The stock’s 50-day moving average is $25.44 and its 200-day moving average is $24.71. The company has a market cap of $897.5 million and a P/E ratio of 396.96.

Qualys (NASDAQ:QLYS) last announced its earnings results on Monday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.05. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $31.64 million. During the same quarter last year, the company posted $0.06 earnings per share. Qualys’s revenue was up 22.8% compared to the same quarter last year. On average, analysts predict that Qualys will post $0.33 earnings per share for the current fiscal year.

Qualys, Inc (NASDAQ:QLYS) is a provider of clouds security and compliance solutions that enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber attacks and achieve compliance with internal policies and external regulations.

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