Qualys’ (QLYS) “Hold” Rating Reiterated at Westpark Capital

Westpark Capital reiterated their hold rating on shares of Qualys (NASDAQ:QLYS) in a research report report published on Wednesday, Benzinga reports.

QLYS has been the subject of several other research reports. Northland Securities reaffirmed a “market perform” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Truist Financial raised their target price on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group initiated coverage on Qualys in a research report on Wednesday, October 16th. They set a “hold” rating and a $135.00 target price on the stock. Finally, UBS Group lowered their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $152.80.

Qualys Price Performance

Qualys stock opened at $159.23 on Wednesday. The stock has a market capitalization of $5.86 billion, a P/E ratio of 35.07 and a beta of 0.47. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35. The firm’s 50-day moving average is $124.93 and its two-hundred day moving average is $136.32.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. During the same period in the previous year, the firm earned $0.95 earnings per share. Qualys’s revenue was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Qualys will post 3.94 EPS for the current year.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the transaction, the chief financial officer now directly owns 86,576 shares in the company, valued at $10,695,599.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Qualys news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the transaction, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the completion of the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,919 shares of company stock valued at $1,360,140 over the last three months. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its position in Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after buying an additional 143 shares during the last quarter. Quarry LP acquired a new stake in shares of Qualys during the 2nd quarter valued at about $40,000. DT Investment Partners LLC bought a new stake in shares of Qualys in the 2nd quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC increased its holdings in Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.