Qualys, Inc. (NASDAQ:QLYS) Shares Acquired by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. increased its position in Qualys, Inc. (NASDAQ:QLYS) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 372,338 shares of the software maker’s stock after buying an additional 4,932 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Qualys were worth $53,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QLYS. Rise Advisors LLC purchased a new position in shares of Qualys in the 1st quarter worth about $26,000. Global Retirement Partners LLC raised its holdings in Qualys by 1,666.7% in the first quarter. Global Retirement Partners LLC now owns 159 shares of the software maker’s stock valued at $27,000 after buying an additional 150 shares during the period. First Horizon Advisors Inc. lifted its position in Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its stake in Qualys by 545.2% during the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after buying an additional 169 shares during the period. Finally, DecisionPoint Financial LLC acquired a new stake in shares of Qualys in the first quarter worth $34,000. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on QLYS. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Piper Sandler cut their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Wedbush decreased their target price on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.83.

Qualys Price Performance

QLYS traded down $0.75 during trading on Monday, hitting $121.48. The company had a trading volume of 4,314 shares, compared to its average volume of 440,260. Qualys, Inc. has a 1-year low of $119.32 and a 1-year high of $206.35. The company has a market cap of $4.47 billion, a PE ratio of 28.29 and a beta of 0.46. The business has a 50-day moving average of $134.37 and a 200-day moving average of $148.61.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. Research analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $136.32, for a total value of $954,240.00. Following the completion of the transaction, the chief executive officer now directly owns 186,601 shares in the company, valued at $25,437,448.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at approximately $10,695,599.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,535 shares of company stock worth $2,578,345. 1.00% of the stock is currently owned by corporate insiders.

Qualys 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.