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 Qualys stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total transaction of $941,430.00. Following the sale, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Qualys Stock Performance

QLYS stock opened at $136.52 on Friday. The stock’s 50 day moving average price is $146.16 and its 200 day moving average price is $135.84. The firm has a market cap of $5.00 billion, a P/E ratio of 30.07 and a beta of 0.57. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $201.03.

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

Institutional Trading of Qualys

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Qualys during the 2nd quarter worth $40,000. UMB Bank n.a. lifted 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 worth $55,000 after buying an additional 193 shares during the period. Exchange Traded Concepts LLC grew its holdings in Qualys by 53.6% in the 3rd 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 period. Mendota Financial Group LLC purchased a new position in shares of Qualys during the 4th quarter worth about $91,000. Finally, Advisors Asset Management Inc. boosted its position in shares of 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 last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial lifted their price target on Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Needham & Company LLC began coverage on shares of Qualys in a research note on Wednesday, November 6th. They set a “hold” rating for the company. Jefferies Financial Group upped their target price on shares of Qualys from $135.00 to $155.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. UBS Group raised their price target on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price objective on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Three equities research 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.com, the stock has an average rating of “Hold” and a consensus price target of $152.80.

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.