Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar Sells 4,034 Shares

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 4,034 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $163.96, for a total value of $661,414.64. Following the transaction, the chief executive officer now directly owns 193,608 shares of the company’s stock, valued at $31,743,967.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Qualys Trading Up 0.4 %

Shares of NASDAQ QLYS opened at $163.55 on Friday. The firm has a market cap of $6.05 billion, a P/E ratio of 40.48 and a beta of 0.51. Qualys, Inc. has a 1-year low of $107.00 and a 1-year high of $206.35. The business’s 50 day moving average is $166.44 and its 200-day moving average is $175.12.

Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.26. Qualys had a return on equity of 49.06% and a net margin of 27.34%. The company had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Analysts forecast that Qualys, Inc. will post 3.35 EPS for the current year.

Hedge Funds Weigh In On Qualys

A number of hedge funds have recently added to or reduced their stakes in QLYS. HighTower Advisors LLC increased its stake in Qualys by 3.9% during the 1st quarter. HighTower Advisors LLC now owns 8,057 shares of the software maker’s stock worth $1,155,000 after acquiring an additional 303 shares during the period. Bank of Montreal Can increased its stake in Qualys by 70.1% during the 1st quarter. Bank of Montreal Can now owns 5,721 shares of the software maker’s stock worth $822,000 after acquiring an additional 2,358 shares during the period. Panagora Asset Management Inc. bought a new position in Qualys during the 1st quarter worth $1,224,000. Rhumbline Advisers increased its stake in Qualys by 2.1% during the 1st quarter. Rhumbline Advisers now owns 91,561 shares of the software maker’s stock worth $13,039,000 after acquiring an additional 1,904 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Qualys by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,237 shares of the software maker’s stock worth $1,743,000 after acquiring an additional 1,167 shares during the period. Institutional investors own 99.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on QLYS. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. JPMorgan Chase & Co. upped their price objective on Qualys from $146.00 to $152.00 and gave the company an “underweight” rating in a research note on Thursday, February 8th. TD Cowen began coverage on Qualys in a research note on Tuesday, March 26th. They issued a “market perform” rating and a $170.00 price objective on the stock. Royal Bank of Canada dropped their price objective on Qualys from $212.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 8th. Finally, Stephens restated an “equal weight” rating and issued a $190.00 price objective on shares of Qualys in a research note on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $153.23.

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.