Oppenheimer Asset Management Inc. Sells 604 Shares of Qualys, Inc. (NASDAQ:QLYS)

Oppenheimer Asset Management Inc. cut its stake in Qualys, Inc. (NASDAQ:QLYS) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,983 shares of the software maker’s stock after selling 604 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Qualys were worth $1,796,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. increased its stake in Qualys by 294.7% in 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 in the last quarter. UMB Bank n.a. raised its stake in Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares during the period. Quarry LP bought a new position in Qualys during the second quarter worth about $40,000. DT Investment Partners LLC acquired a new position in Qualys in the second quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of 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 acquiring an additional 223 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QLYS has been the topic of several research analyst reports. Scotiabank dropped their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Wedbush decreased their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, 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 report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.80.

Insider Buying and Selling

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value 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 represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,919 shares of company stock valued at $1,360,140. Insiders own 1.00% of the company’s stock.

Qualys Price Performance

NASDAQ:QLYS opened at $145.52 on Monday. The company has a market cap of $5.32 billion, a P/E ratio of 32.05 and a beta of 0.47. The firm’s fifty day moving average price is $128.88 and its two-hundred day moving average price is $135.49. Qualys, Inc. has a one year low of $119.17 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a net margin of 28.72% and a return on equity of 40.24%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 EPS. As a group, equities research analysts expect that Qualys, Inc. will post 4.34 earnings per share for the current year.

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.