Qualys (NASDAQ:QLYS) Rating Reiterated by Westpark Capital

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

A number of other brokerages have also recently weighed in on QLYS. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird dropped their price objective on Qualys from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, May 13th. Scotiabank began coverage on Qualys in a research report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 price target on the stock. Finally, Truist Financial cut their price target on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $167.09.

Qualys Stock Down 2.8 %

Shares of QLYS traded down $3.85 during mid-day trading on Monday, hitting $133.91. 213,644 shares of the company’s stock were exchanged, compared to its average volume of 445,260. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 31.42 and a beta of 0.49. The firm has a fifty day moving average of $140.92 and a two-hundred day moving average of $158.41. Qualys has a twelve month low of $131.00 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, topping the consensus estimate of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The firm had revenue of $145.81 million for the quarter, compared to the consensus estimate of $145.67 million. On average, equities analysts predict that Qualys will post 3.42 earnings per share for the current year.

Insider Buying and Selling

In other Qualys news, Director Wendy Pfeiffer sold 2,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $145.72, for a total transaction of $291,440.00. Following the completion of the transaction, the director now directly owns 8,490 shares in the company, valued at $1,237,162.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares in the company, valued at approximately $8,658,627.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Wendy Pfeiffer sold 2,000 shares of Qualys stock in a transaction on Friday, May 24th. The shares were sold at an average price of $145.72, for a total value of $291,440.00. Following the completion of the transaction, the director now owns 8,490 shares of the company’s stock, valued at approximately $1,237,162.80. The disclosure for this sale can be found here. Insiders sold 29,099 shares of company stock worth $4,060,450 in the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QLYS. Signaturefd LLC lifted its position in shares of Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after purchasing an additional 58 shares in the last quarter. Wallace Advisory Group LLC lifted its holdings in Qualys by 4.0% during the 1st quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares in the last quarter. Intrust Bank NA boosted its position in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after buying an additional 69 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Qualys by 33.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock worth $65,000 after acquiring an additional 83 shares during the last quarter. Finally, Covenant Partners LLC lifted its stake in shares of Qualys by 3.5% during the fourth quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock valued at $492,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

About Qualys

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.