Bruce K. Posey Sells 855 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 855 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $142.24, for a total value of $121,615.20. Following the sale, the insider now owns 63,177 shares in the company, valued at $8,986,296.48. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Qualys Stock Performance

Qualys stock opened at $141.59 on Wednesday. The stock’s 50 day moving average price is $142.16 and its two-hundred day moving average price is $135.77. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 31.19 and a beta of 0.54. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $205.00.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping 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 business had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same period last year, the company posted $1.24 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QLYS. UBS Group boosted their price target on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Canaccord Genuity Group boosted their target price on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC began coverage on shares of Qualys in a research note on Wednesday, November 6th. They set a “hold” rating for the company. Truist Financial boosted their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, 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 report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and an average price target of $152.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Qualys by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after acquiring an additional 20,038 shares in the last quarter. Boston Trust Walden Corp increased its stake in Qualys by 14.5% during the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after purchasing an additional 117,079 shares in the last quarter. CDAM UK Ltd raised its holdings in Qualys by 8.3% during the third quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock worth $64,604,000 after buying an additional 38,509 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after buying an additional 63,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Qualys by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after buying an additional 3,357 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

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.