Qualys, Inc. (NASDAQ:QLYS) CFO Sells $226,676.40 in Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 1,635 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $138.64, for a total transaction of $226,676.40. Following the completion of the sale, the chief financial officer now owns 112,017 shares of the company’s stock, valued at $15,530,036.88. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 5th, Joo Mi Kim sold 1,332 shares of Qualys stock. The stock was sold at an average price of $157.37, for a total value of $209,616.84.

Qualys Stock Performance

QLYS opened at $134.42 on Thursday. The company’s 50-day simple moving average is $145.82 and its two-hundred day simple moving average is $136.03. The stock has a market capitalization of $4.92 billion, a P/E ratio of 29.61 and a beta of 0.57. Qualys, Inc. has a 52-week low of $119.17 and a 52-week high of $201.03.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on QLYS shares. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Needham & Company LLC initiated coverage on shares of Qualys in a research note on Wednesday, November 6th. They issued a “hold” rating for the company. Truist Financial boosted their price objective on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. DA Davidson raised their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Qualys has an average rating of “Hold” and a consensus target price of $152.80.

Institutional Trading of Qualys

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Qualys during the 2nd quarter valued at about $40,000. UMB Bank n.a. grew its position in Qualys by 80.8% during the third quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock valued at $55,000 after buying an additional 193 shares during the period. Exchange Traded Concepts LLC increased its holdings in Qualys by 53.6% during the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock valued at $82,000 after buying an additional 223 shares during the last quarter. Advisors Asset Management Inc. raised its position in Qualys by 68.6% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the software maker’s stock worth $94,000 after acquiring an additional 297 shares during the period. Finally, KBC Group NV raised its position in Qualys by 21.6% in the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after acquiring an additional 194 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.