Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 616 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $133.93, for a total value of $82,500.88. Following the completion of the transaction, the chief financial officer now directly owns 87,077 shares in the company, valued at $11,662,222.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Joo Mi Kim also recently made the following trade(s):

• On Friday, July 5th, Joo Mi Kim sold 634 shares of Qualys stock. The shares were sold at an average price of $144.75, for a total value of $91,771.50.
• On Wednesday, June 5th, Joo Mi Kim sold 616 shares of Qualys stock. The stock was sold at an average price of $135.56, for a total transaction of $83,504.96.

Qualys Stock Down 8.6 %

QLYS stock traded down $11.76 during trading on Wednesday, hitting $125.34. The company had a trading volume of 1,479,814 shares, compared to its average volume of 456,283. The firm has a 50-day moving average price of $140.53 and a 200-day moving average price of $157.54. Qualys, Inc. has a 12 month low of $121.64 and a 12 month high of $206.35. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 29.28 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The company had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. Equities analysts expect that Qualys, Inc. will post 3.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QLYS. Royal Bank of Canada cut their price objective on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday. Robert W. Baird cut their price target on Qualys from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Wednesday. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Scotiabank decreased their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $152.23.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after purchasing an additional 83,504 shares during the period. Boston Trust Walden Corp raised its stake in shares of Qualys by 9.8% in the 2nd quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock valued at $115,365,000 after purchasing an additional 72,261 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Qualys by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,205 shares of the software maker’s stock valued at $145,095,000 after purchasing an additional 21,439 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Qualys by 50.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after buying an additional 169,293 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after buying an additional 3,357 shares in the last quarter. 99.31% of the stock is currently 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.