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

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now directly owns 225,453 shares of the company’s stock, valued at approximately $30,321,173.97. The trade was a 3.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Qualys Trading Up 0.3 %

QLYS opened at $135.91 on Thursday. The business has a 50 day moving average of $146.53 and a 200-day moving average of $135.83. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 29.94 and a beta of 0.57. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $201.03.

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

Analysts Set New Price Targets

Several research firms have commented on QLYS. Westpark Capital reissued a “hold” rating on shares of Qualys in a research report on Wednesday, November 6th. Canaccord Genuity Group upped their price objective on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. TD Cowen boosted their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Truist Financial increased their price objective on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $152.80.

Hedge Funds Weigh In On Qualys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new stake in shares of Qualys during the 3rd quarter worth approximately $445,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Qualys by 208.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after purchasing an additional 58,252 shares during the period. Intech Investment Management LLC boosted its stake in Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after buying an additional 14,804 shares in the last quarter. ProShare Advisors LLC increased its holdings in Qualys by 57.7% in the 2nd quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock valued at $1,950,000 after buying an additional 5,004 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Qualys by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock valued at $3,525,000 after buying an additional 8,291 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

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.