Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar Sells 7,000 Shares

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the completion of the transaction, the chief executive officer now owns 225,453 shares of the company’s stock, valued at $30,321,173.97. This represents a 3.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Qualys Price Performance

QLYS stock opened at $135.91 on Thursday. The firm has a market capitalization of $4.97 billion, a P/E ratio of 29.94 and a beta of 0.57. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $201.03. The company’s 50 day simple moving average is $146.53 and its 200-day simple moving average is $135.83.

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

Institutional Investors Weigh In On Qualys

Several hedge funds have recently bought and sold shares of the business. Financial Enhancement Group LLC increased its holdings in shares of Qualys by 1.5% in the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock valued at $784,000 after purchasing an additional 91 shares during the period. Bank of Montreal Can grew its position in Qualys by 2.2% during the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after purchasing an additional 107 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Qualys by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after buying an additional 127 shares during the period. West Coast Financial LLC lifted its position in Qualys by 0.6% in the 3rd quarter. West Coast Financial LLC now owns 23,177 shares of the software maker’s stock worth $2,977,000 after buying an additional 127 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Qualys by 56.2% during the 3rd quarter. Quarry LP now owns 439 shares of the software maker’s stock valued at $56,000 after buying an additional 158 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on QLYS shares. TD Cowen upped their price target on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Truist Financial upped their target price on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. DA Davidson upped their price objective on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their target price on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $152.80.

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.