Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells $191,945.65 in Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the sale, the insider now owns 58,947 shares of the company’s stock, valued at approximately $8,450,052.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $147.47 on Friday. The stock’s 50-day simple moving average is $141.11 and its 200-day simple moving average is $160.77. The firm has a market capitalization of $5.45 billion, a PE ratio of 34.14 and a beta of 0.49. Qualys, Inc. has a fifty-two week low of $131.07 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $145.81 million for the quarter, compared to the consensus estimate of $145.67 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. On average, sell-side analysts forecast that Qualys, Inc. will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in Qualys by 24.9% during the 4th quarter. Signaturefd LLC now owns 291 shares of the software maker’s stock worth $57,000 after buying an additional 58 shares during the last quarter. Wallace Advisory Group LLC lifted its position in Qualys by 4.0% in the first quarter. Wallace Advisory Group LLC now owns 1,646 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the period. Intrust Bank NA boosted its holdings in Qualys by 1.4% in the 4th quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock valued at $978,000 after purchasing an additional 69 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Qualys by 33.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 333 shares of the software maker’s stock valued at $65,000 after purchasing an additional 83 shares in the last quarter. Finally, Covenant Partners LLC increased its position in Qualys by 3.5% during the 4th quarter. Covenant Partners LLC now owns 2,506 shares of the software maker’s stock worth $492,000 after purchasing an additional 84 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Qualys in a report on Monday, May 13th. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird lowered their price objective on shares of Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Scotiabank started coverage on Qualys in a research report on Friday, April 26th. They issued a “sector perform” rating and a $172.00 target price on the stock. Finally, Truist Financial lowered their price target on Qualys from $175.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and an average target price of $164.50.

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.