Wesbanco Bank Inc. Has $1.45 Million Stock Holdings in Qualys, Inc. $QLYS

Key Points

• Wesbanco Bank Inc. increased its stake in Qualys, Inc. by 52.6%, owning $1.45 million worth of shares after acquiring an additional 3,500 shares in the second quarter.
• Insider trading activity includes Director Kristi Marie Rogers selling 1,700 shares and CFO Joo Mi Kim selling 1,018 shares, with insiders having sold a total of 43,065 shares valued at nearly $6 million in the last ninety days.
• Several analysts have raised their price targets for Qualys, with the average target now at $141.00, and the company recently reported earnings per share of $1.68, exceeding expectations.

Wesbanco Bank Inc. boosted its position in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 52.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,156 shares of the software maker's stock after acquiring an additional 3,500 shares during the period. Wesbanco Bank Inc.'s holdings in Qualys were worth $1,451,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in shares of Qualys by 82.7% in the first quarter. SBI Securities Co. Ltd. now owns 369 shares of the software maker's stock worth $46,000 after acquiring an additional 167 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Qualys by 52.4% in the 1st quarter. Manchester Capital Management LLC now owns 436 shares of the software maker's stock worth $55,000 after purchasing an additional 150 shares during the period. Fifth Third Bancorp boosted its stake in Qualys by 27.9% in the 1st quarter. Fifth Third Bancorp now owns 500 shares of the software maker's stock worth $63,000 after purchasing an additional 109 shares during the period. Quarry LP boosted its stake in Qualys by 154.9% in the 1st quarter. Quarry LP now owns 576 shares of the software maker's stock worth $73,000 after purchasing an additional 350 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Qualys by 96.4% in the 1st quarter. Signaturefd LLC now owns 601 shares of the software maker's stock valued at $76,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company's stock.

Insider Buying and Selling at Qualys

In other news, Director Kristi Marie Rogers sold 1,700 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $134.70, for a total transaction of $228,990.00. Following the sale, the director owned 8,596 shares in the company, valued at approximately $1,157,881.20. The trade was a 16.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 1,018 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $132.26, for a total value of $134,640.68. Following the completion of the sale, the chief financial officer owned 94,468 shares in the company, valued at approximately $12,494,337.68. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,065 shares of company stock valued at $5,976,093. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

QLYS has been the subject of several recent analyst reports. Scotiabank raised their target price on shares of Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 6th. UBS Group raised their target price on shares of Qualys from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Zacks Research raised shares of Qualys to a "strong-buy" rating in a research note on Monday, August 11th. Morgan Stanley boosted their target price on shares of Qualys from $90.00 to $97.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, DA Davidson boosted their target price on shares of Qualys from $130.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Qualys currently has an average rating of "Hold" and a consensus price target of $141.00.

Qualys Stock Performance

Shares of QLYS opened at $133.46 on Monday. The firm has a 50 day moving average price of $135.18 and a 200-day moving average price of $132.94. Qualys, Inc. has a fifty-two week low of $112.61 and a fifty-two week high of $170.00. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 26.64 and a beta of 0.65.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The firm had revenue of $164.06 million for the quarter, compared to the consensus estimate of $161.25 million. During the same period in the prior year, the firm earned $1.52 EPS. The company's revenue was up 10.3% compared to the same quarter last year. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. As a group, equities research analysts predict that Qualys, Inc. will post 3.85 earnings per share for the current year.

Qualys 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.

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