Qualys, Inc. (NASDAQ:QLYS) Insider Sells $165,446.84 in Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total value of $165,446.84. Following the sale, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Qualys Trading Down 1.6 %

Shares of QLYS stock opened at $121.50 on Thursday. The stock has a 50 day simple moving average of $124.54 and a 200-day simple moving average of $139.04. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 28.13 and a beta of 0.46. Qualys, Inc. has a 12-month low of $119.32 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.20. The firm had revenue of $148.70 million during the quarter, compared to analysts’ expectations of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, equities analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QLYS shares. TD Cowen cut their price target on Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada cut their target price on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley decreased their price target on shares of Qualys from $136.00 to $123.00 and set an “underweight” rating for the company in a research note on Wednesday. Wedbush dropped their price objective on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Northland Securities reiterated a “market perform” rating and set a $140.00 target price (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.23.

Institutional Trading of Qualys

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its position in Qualys by 100.7% during the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after buying an additional 184,403 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Qualys by 50.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after purchasing an additional 169,293 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Qualys by 169.7% during the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after purchasing an additional 154,492 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Qualys by 95.7% in the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock valued at $40,771,000 after purchasing an additional 139,897 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Qualys in the fourth quarter valued at $18,844,000. Institutional investors and hedge funds 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.