Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CEO Sells 7,000 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the transaction, the chief executive officer now directly owns 225,453 shares in the company, valued at $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Qualys Price Performance

Shares of NASDAQ:QLYS traded up $0.34 during midday trading on Wednesday, hitting $135.91. 405,942 shares of the company’s stock were exchanged, compared to its average volume of 407,289. The company has a market cap of $4.97 billion, a PE ratio of 29.94 and a beta of 0.57. Qualys, Inc. has a 12 month low of $119.17 and a 12 month high of $201.03. The stock has a 50 day moving average price of $147.00 and a 200-day moving average price of $135.83.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The company had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. During the same period in the previous year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QLYS. Geode Capital Management LLC raised its position in shares of Qualys by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,246,562 shares of the software maker’s stock valued at $160,957,000 after buying an additional 20,038 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after buying an additional 117,079 shares during the period. CDAM UK Ltd raised its stake in shares of Qualys by 8.3% during the third quarter. CDAM UK Ltd now owns 502,913 shares of the software maker’s stock valued at $64,604,000 after acquiring an additional 38,509 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after buying an additional 63,000 shares during the period. Finally, Penserra Capital Management LLC increased its position in Qualys by 8.3% during the 3rd quarter. Penserra Capital Management LLC now owns 373,995 shares of the software maker’s stock valued at $48,043,000 after purchasing an additional 28,802 shares during the period. 99.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on QLYS. DA Davidson raised their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. UBS Group increased their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Canaccord Genuity Group lifted their target price on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and an average price target of $152.80.

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.