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

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $149.66, for a total transaction of $1,047,620.00. Following the sale, the chief executive officer now owns 225,453 shares in the company, valued at approximately $33,741,295.98. The trade was a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Qualys Price Performance

NASDAQ:QLYS opened at $141.45 on Wednesday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 31.16 and a beta of 0.47. The business has a 50 day simple moving average of $129.74 and a 200-day simple moving average of $134.95. Qualys, Inc. has a 1 year low of $119.17 and a 1 year high of $206.35.

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

Hedge Funds Weigh In On Qualys

A number of hedge funds have recently added to or reduced their stakes in QLYS. First Horizon Advisors Inc. lifted its holdings in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. grew its holdings in Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after acquiring an additional 143 shares in the last quarter. Quarry LP purchased a new position in Qualys during the 2nd quarter valued at about $40,000. DT Investment Partners LLC bought a new stake in shares of Qualys in the 2nd quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Qualys by 53.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the period. 99.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Wedbush lowered their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Needham & Company LLC began coverage on Qualys in a research note on Wednesday, November 6th. They set a “hold” rating on the stock. Finally, Westpark Capital restated a “hold” rating on shares of Qualys 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.