Bruce K. Posey Sells 882 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 882 shares of Qualys stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total value of $123,180.12. Following the sale, the insider now directly owns 62,295 shares of the company’s stock, valued at $8,700,119.70. This represents a 1.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Qualys Trading Up 0.9 %

NASDAQ:QLYS opened at $143.14 on Friday. The stock has a market cap of $5.24 billion, a P/E ratio of 31.53 and a beta of 0.57. The stock’s 50-day moving average is $144.75 and its 200-day moving average is $135.70. Qualys, Inc. has a 1-year low of $119.17 and a 1-year high of $199.37.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. As a group, equities analysts forecast that Qualys, Inc. will post 4.34 EPS for the current year.

Hedge Funds Weigh In On Qualys

Several institutional investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new position in shares of Qualys during the third quarter worth approximately $445,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Qualys by 208.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker’s stock worth $11,072,000 after buying an additional 58,252 shares in the last quarter. Intech Investment Management LLC grew its holdings in Qualys by 428.9% during the third quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker’s stock worth $2,345,000 after buying an additional 14,804 shares in the last quarter. ProShare Advisors LLC grew its holdings in Qualys by 57.7% during the second quarter. ProShare Advisors LLC now owns 13,672 shares of the software maker’s stock worth $1,950,000 after buying an additional 5,004 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Qualys by 40.0% during the third quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker’s stock worth $3,525,000 after buying an additional 8,291 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QLYS has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 6th. Needham & Company LLC began coverage on Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating for the company. DA Davidson boosted their price target on Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research raised Qualys from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Qualys presently 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.