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

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total value of $1,047,620.00. Following the sale, the chief executive officer now owns 225,453 shares of the company’s stock, valued at approximately $33,741,295.98. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Qualys Stock Performance

Shares of Qualys stock traded down $1.66 on Monday, hitting $143.86. The company had a trading volume of 419,009 shares, compared to its average volume of 446,761. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 31.78 and a beta of 0.47. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35. The stock has a 50 day moving average of $128.88 and a 200-day moving average of $135.28.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (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 firm had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same period in the previous year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Qualys, Inc. will post 4.34 earnings per share for the current year.

Institutional Trading of Qualys

A number of hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its stake in shares of Qualys by 294.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after purchasing an additional 168 shares during the period. UMB Bank n.a. grew its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after acquiring an additional 143 shares during the period. Quarry LP purchased a new stake in shares of Qualys during the 2nd quarter worth approximately $40,000. DT Investment Partners LLC bought a new stake in shares of Qualys in the 2nd quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC grew its holdings in Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after purchasing an additional 223 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wolfe Research raised shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. 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. Jefferies Financial Group boosted their target price on shares of Qualys from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. DA Davidson increased their price target on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised 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 investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $152.80.

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.