Amalgamated Bank Sells 218 Shares of Qualys, Inc. (NASDAQ:QLYS)

Amalgamated Bank reduced its position in Qualys, Inc. (NASDAQ:QLYS) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,255 shares of the software maker’s stock after selling 218 shares during the quarter. Amalgamated Bank owned about 0.06% of Qualys worth $4,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Qualys in the 4th quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of Qualys by 218.2% during the 4th quarter. Blue Trust Inc. now owns 210 shares of the software maker’s stock valued at $41,000 after purchasing an additional 144 shares during the last quarter. Fifth Third Bancorp lifted its stake in Qualys by 54.1% in the 3rd quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock valued at $43,000 after purchasing an additional 99 shares during the last quarter. Signaturefd LLC grew its stake in shares of Qualys by 24.9% during the fourth quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after buying an additional 58 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Qualys during the fourth quarter worth $86,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Qualys Stock Down 2.5 %

Qualys stock opened at $165.98 on Wednesday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 41.08 and a beta of 0.51. The business has a 50-day simple moving average of $166.94 and a 200 day simple moving average of $176.05. Qualys, Inc. has a 52 week low of $112.17 and a 52 week high of $206.35.

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

Analysts Set New Price Targets

Several research firms have recently commented on QLYS. Royal Bank of Canada decreased their price objective on Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. Truist Financial increased their price target on Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. TD Cowen started coverage on Qualys in a research report on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective on the stock. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research note on Sunday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $157.62.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the transaction, the chief executive officer now directly owns 194,481 shares in the company, valued at approximately $32,598,905.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sumedh S. Thakar sold 4,120 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.62, for a total value of $690,594.40. Following the completion of the sale, the chief executive officer now owns 194,481 shares of the company’s stock, valued at approximately $32,598,905.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joo Mi Kim sold 723 shares of Qualys stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the completion of the transaction, the chief financial officer now owns 100,289 shares in the company, valued at approximately $16,523,615.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,662 shares of company stock worth $2,263,965. 1.00% of the stock is currently owned by corporate insiders.

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.