Qualys, Inc. (NASDAQ:QLYS) CEO Sells $661,414.64 in Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 4,034 shares of Qualys stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $163.96, for a total value of $661,414.64. Following the completion of the transaction, the chief executive officer now directly owns 193,608 shares in the company, valued at $31,743,967.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Qualys Price Performance

Shares of QLYS stock opened at $163.55 on Friday. The stock’s fifty day simple moving average is $166.44 and its 200 day simple moving average is $175.12. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 40.48 and a beta of 0.51. Qualys, Inc. has a one year low of $107.00 and a one year high of $206.35.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.82 by $0.26. The business had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. On average, research analysts anticipate that Qualys, Inc. will post 3.35 earnings per share for the current year.

Wall Street Analyst Weigh In

QLYS has been the topic of several recent research reports. Truist Financial lifted their price objective on Qualys from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. Wedbush decreased their price objective on Qualys from $230.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. TD Cowen initiated coverage on Qualys in a report on Tuesday, March 26th. They set a “market perform” rating and a $170.00 price objective on the stock. StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Qualys from $146.00 to $152.00 and gave the stock an “underweight” rating in a report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $153.23.

Hedge Funds Weigh In On Qualys

Institutional investors and hedge funds have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new position in Qualys in the fourth quarter worth $30,000. Rise Advisors LLC acquired a new position in Qualys in the first quarter worth $26,000. Sound Income Strategies LLC boosted its stake in Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after purchasing an additional 169 shares in the last quarter. Blue Trust Inc. boosted its stake in Qualys by 218.2% in the fourth quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock worth $41,000 after purchasing an additional 144 shares in the last quarter. Finally, Dark Forest Capital Management LP boosted its stake in Qualys by 58.2% in the first quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock worth $31,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

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.