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

Westpark Capital restated their hold rating on shares of Qualys (NASDAQ:QLYS) in a report released on Monday, Benzinga reports.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird dropped their price objective on shares of Qualys from $175.00 to $170.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reissued a hold rating on shares of Qualys in a research report on Monday, May 13th. Truist Financial cut their price objective on Qualys from $175.00 to $165.00 and set a hold rating on the stock in a research report on Wednesday, May 8th. Scotiabank initiated coverage on Qualys in a research note on Friday, April 26th. They issued a sector perform rating and a $172.00 price objective on the stock. Finally, StockNews.com cut Qualys from a buy rating to a hold rating in a research note on Saturday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $167.09.

Qualys Stock Up 3.1 %

NASDAQ QLYS traded up $4.07 on Monday, reaching $137.10. The stock had a trading volume of 782,694 shares, compared to its average volume of 449,459. Qualys has a 12-month low of $131.00 and a 12-month high of $206.35. The stock has a fifty day moving average price of $140.92 and a two-hundred day moving average price of $158.41. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 31.74 and a beta of 0.49.

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

Insider Activity at Qualys

In other Qualys news, 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 transaction, the director now directly owns 8,490 shares in the company, valued at $1,237,162.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Qualys news, Director Wendy Pfeiffer sold 2,000 shares of Qualys stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $145.72, for a total value of $291,440.00. Following the transaction, the director now directly owns 8,490 shares in the company, valued at approximately $1,237,162.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the sale, the insider now owns 59,286 shares of the company’s stock, valued at approximately $8,011,910.04. The disclosure for this sale can be found here. Insiders sold a total of 29,099 shares of company stock worth $4,060,450 in the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Trading of Qualys

A number of institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in Qualys in the 1st quarter valued at approximately $26,000. Global Retirement Partners LLC increased its position in shares of Qualys by 1,666.7% in the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Qualys by 294.7% during 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. Sound Income Strategies LLC boosted its position in shares of Qualys by 545.2% in the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after buying an additional 169 shares in the last quarter. Finally, DecisionPoint Financial LLC acquired a new stake in Qualys in the 1st quarter valued at about $34,000. Hedge funds and other 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.