Sumedh S. Thakar Sells 7,000 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $142.17, for a total transaction of $995,190.00. Following the sale, the chief executive officer now owns 246,144 shares of the company’s stock, valued at approximately $34,994,292.48. This represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Qualys Price Performance

Shares of QLYS stock opened at $145.96 on Thursday. Qualys, Inc. has a one year low of $119.17 and a one year high of $174.31. The company’s fifty day moving average price is $140.81 and its 200-day moving average price is $135.45. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 31.39 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. Equities research analysts expect that Qualys, Inc. will post 3.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Northland Securities reaffirmed a “market perform” rating and set a $146.00 price target (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. TD Cowen boosted their price objective on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, UBS Group raised their target price on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $146.57.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Qualys during the 4th quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Qualys in the fourth quarter worth about $39,000. Quadrant Capital Group LLC increased its stake in Qualys by 88.1% in the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker’s stock worth $47,000 after buying an additional 156 shares during the period. Johnson Financial Group Inc. bought a new stake in Qualys during the 4th quarter valued at about $54,000. Finally, Fifth Third Bancorp boosted its position in Qualys by 33.9% in the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Company Profile

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.