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

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $123.81, for a total transaction of $866,670.00. Following the transaction, the chief executive officer now directly owns 246,313 shares in the company, valued at $30,496,012.53. This represents a 2.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Qualys Trading Up 0.6 %

Shares of NASDAQ:QLYS opened at $123.97 on Wednesday. The company has a 50-day moving average price of $129.85 and a 200 day moving average price of $136.08. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $174.20. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 26.66 and a beta of 0.71.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. As a group, equities analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Hedge Funds Weigh In On Qualys

Several hedge funds have recently bought and sold shares of QLYS. SBI Securities Co. Ltd. bought a new position in shares of Qualys during the 4th quarter worth $28,000. Catalyst Capital Advisors LLC bought a new position in Qualys during the 4th quarter worth about $39,000. Quadrant Capital Group LLC grew its holdings in Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker’s stock worth $47,000 after acquiring an additional 156 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Qualys during the 4th quarter valued at about $54,000. Finally, Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 99 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Scotiabank cut their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Royal Bank of Canada cut their price objective on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $144.36.

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.