Qualys, Inc. (NASDAQ:QLYS) CEO Sells $941,430.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Tuesday, January 14th. The stock was 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. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Qualys Price Performance

NASDAQ:QLYS opened at $136.96 on Friday. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $201.03. The business has a 50 day moving average of $145.82 and a 200 day moving average of $135.80. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 30.17 and a beta of 0.57.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QLYS. Needham & Company LLC initiated coverage on shares of Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating for the company. DA Davidson lifted their price target on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Truist Financial upped their price target on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $152.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quarry LP purchased a new position in Qualys in the 2nd quarter worth approximately $40,000. UMB Bank n.a. increased its stake in shares of 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 buying an additional 193 shares during the period. Exchange Traded Concepts LLC raised its holdings in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after buying an additional 223 shares during the last quarter. Mendota Financial Group LLC bought a new stake in Qualys during the 4th quarter valued at $91,000. Finally, Advisors Asset Management Inc. boosted its position in Qualys by 68.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock valued at $94,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.