Westpark Capital Reaffirms “Hold” Rating for Qualys (NASDAQ:QLYS)

Qualys (NASDAQ:QLYS)‘s stock had its “hold” rating restated by equities research analysts at Westpark Capital in a note issued to investors on Wednesday,Benzinga reports.

A number of other research analysts have also recently weighed in on the company. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Needham & Company LLC assumed coverage on Qualys in a report on Wednesday. They set a “hold” rating for the company. Jefferies Financial Group started coverage on shares of Qualys in a report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 price target on the stock. Truist Financial boosted their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Wedbush cut their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Qualys has an average rating of “Hold” and an average target price of $152.80.

Qualys Trading Down 2.6 %

Shares of NASDAQ:QLYS opened at $155.08 on Wednesday. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47. The stock’s 50-day moving average price is $125.52 and its two-hundred day moving average price is $136.45. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. As a group, research analysts forecast that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Transactions at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at $22,493,851.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated 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 transaction, the chief executive officer now directly owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the sale, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,919 shares of company stock valued at $1,360,140. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Qualys

Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its position in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the last quarter. UMB Bank n.a. raised its stake in Qualys by 149.0% during the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after acquiring an additional 143 shares during the period. Quarry LP bought a new position in Qualys in the second quarter worth about $40,000. DT Investment Partners LLC acquired a new position in Qualys in the second quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after purchasing an additional 223 shares during the last quarter. 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.