Qualys, Inc. (NASDAQ:QLYS) Insider Bruce K. Posey Sells 525 Shares

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 525 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $135.96, for a total value of $71,379.00. Following the completion of the sale, the insider now owns 61,184 shares in the company, valued at $8,318,576.64. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Qualys Trading Up 3.4%

NASDAQ:QLYS traded up $4.65 on Monday, reaching $140.38. The stock had a trading volume of 228,037 shares, compared to its average volume of 371,590. The company has a 50-day moving average of $133.28 and a 200 day moving average of $134.72. The stock has a market cap of $5.10 billion, a P/E ratio of 28.64 and a beta of 0.61. Qualys, Inc. has a 12-month low of $112.61 and a 12-month high of $170.00.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.46 by $0.21. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The business had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $157.05 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Qualys, Inc. will post 3.85 EPS for the current year.

Hedge Funds Weigh In On Qualys

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in Qualys by 96.8% in the first quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker’s stock valued at $85,394,000 after acquiring an additional 338,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Qualys by 92.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker’s stock worth $81,003,000 after purchasing an additional 308,635 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Qualys in the 4th quarter worth about $27,086,000. Penserra Capital Management LLC raised its stake in shares of Qualys by 53.3% in the 1st quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker’s stock valued at $62,849,000 after purchasing an additional 173,512 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Qualys by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock worth $604,721,000 after purchasing an additional 131,339 shares during the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QLYS has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group cut their price target on Qualys from $163.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on Qualys from $122.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Wedbush decreased their price target on Qualys from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Sunday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $137.50.

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.