Bruce K. Posey Sells 882 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 882 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the completion of the transaction, the insider now owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. This trade represents a 1.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Qualys Stock Up 0.7 %

Shares of Qualys stock opened at $141.92 on Friday. The company has a market cap of $5.19 billion, a PE ratio of 31.26 and a beta of 0.57. The business has a 50 day moving average of $144.95 and a 200 day moving average of $135.64. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $200.90.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. On average, research analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. TD Cowen raised their price target on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Morgan Stanley raised their price target on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price target on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $152.80.

Institutional Investors Weigh In On Qualys

Institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Qualys during the second quarter valued at $40,000. Fifth Third Bancorp boosted its position in Qualys by 33.9% in the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares during the last quarter. UMB Bank n.a. boosted its position in Qualys by 80.8% in the third quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after purchasing an additional 193 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in 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 purchasing an additional 223 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Qualys in the fourth quarter worth about $91,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

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.