Qualys (NASDAQ:QLYS) Earns “Hold” Rating from Westpark Capital

Qualys (NASDAQ:QLYS)‘s stock had its “hold” rating reaffirmed by equities researchers at Westpark Capital in a research report issued on Wednesday, Benzinga reports.

A number of other research firms also recently weighed in on QLYS. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. TD Cowen boosted their price objective on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday. Wedbush lowered their price objective on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Piper Sandler lowered their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC began coverage on shares of Qualys in a research report on Wednesday. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $151.47.

Qualys Trading Up 15.8 %

QLYS stock traded up $20.21 during mid-day trading on Wednesday, hitting $148.44. 1,116,177 shares of the company were exchanged, compared to its average volume of 433,159. The business has a 50 day simple moving average of $124.24 and a 200-day simple moving average of $136.16. The stock has a market capitalization of $5.46 billion, a PE ratio of 32.70 and a beta of 0.47. Qualys has a 1-year low of $119.17 and a 1-year high of $206.35.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share 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 company 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 business earned $0.95 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts expect that Qualys will post 3.94 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 10,919 shares of company stock valued at $1,360,140 over the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Trading of Qualys

A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Qualys by 100.7% during the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock valued at $52,401,000 after purchasing an additional 184,403 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Qualys by 169.7% during the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock valued at $40,970,000 after purchasing an additional 154,492 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Qualys by 95.7% during the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after purchasing an additional 139,897 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after purchasing an additional 117,079 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares during the period. Institutional investors own 99.31% of the company’s stock.

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.