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

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

Qualys Stock Up 0.9 %

QLYS stock traded up $1.24 during trading on Wednesday, hitting $140.98. 276,848 shares of the company’s stock traded hands, compared to its average volume of 388,380. The firm has a market capitalization of $5.16 billion, a P/E ratio of 31.05 and a beta of 0.57. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $200.90. The business has a fifty day simple moving average of $144.95 and a two-hundred day simple moving average of $135.64.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. On average, equities research analysts predict that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Institutional Trading of Qualys

Several hedge funds have recently modified their holdings of QLYS. Financial Enhancement Group LLC raised its stake in shares of Qualys by 1.5% during the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after acquiring an additional 91 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Qualys by 33.9% during the fourth quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock worth $55,000 after purchasing an additional 99 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Qualys by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after purchasing an additional 107 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Qualys by 12.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock worth $153,000 after purchasing an additional 123 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Qualys by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock worth $6,622,000 after buying an additional 127 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on QLYS shares. Jefferies Financial Group boosted their price objective on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their price target on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. TD Cowen raised their price objective on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Finally, DA Davidson raised their price target on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.