Qualys (NASDAQ:QLYS) CEO Sumedh Thakar Sells 8,500 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh Thakar sold 8,500 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $147.12, for a total transaction of $1,250,520.00. Following the completion of the sale, the chief executive officer owned 252,800 shares in the company, valued at $37,191,936. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Qualys Trading Down 0.9%

Shares of QLYS stock opened at $143.57 on Wednesday. The company has a market cap of $5.15 billion, a P/E ratio of 27.82 and a beta of 0.55. The firm has a fifty day moving average price of $138.12 and a 200 day moving average price of $137.08. Qualys, Inc. has a 12 month low of $112.61 and a 12 month high of $155.47.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $169.88 million for the quarter, compared to analysts’ expectations of $166.30 million. Qualys had a return on equity of 37.40% and a net margin of 28.96%.Qualys’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. Qualys has set its FY 2025 guidance at 6.930-7.000 EPS and its Q4 2025 guidance at 1.730-1.800 EPS. On average, equities analysts forecast that Qualys, Inc. will post 3.85 EPS for the current year.

Institutional Trading of Qualys

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Qualys by 2.9% in the third quarter. Vanguard Group Inc. now owns 4,401,798 shares of the software maker’s stock valued at $582,490,000 after purchasing an additional 123,962 shares during the period. Boston Trust Walden Corp grew its holdings in shares of Qualys by 0.7% during the third quarter. Boston Trust Walden Corp now owns 1,146,289 shares of the software maker’s stock worth $151,688,000 after buying an additional 8,425 shares during the last quarter. First Trust Advisors LP increased its position in Qualys by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 1,115,717 shares of the software maker’s stock valued at $159,402,000 after acquiring an additional 44,000 shares during the period. Legal & General Group Plc raised its stake in Qualys by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 1,081,015 shares of the software maker’s stock valued at $143,051,000 after acquiring an additional 29,342 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Qualys by 46.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,012,100 shares of the software maker’s stock worth $144,133,000 after acquiring an additional 323,324 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

Analysts Set New Price Targets

QLYS has been the subject of a number of research analyst reports. Zacks Research raised Qualys from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Canaccord Genuity Group increased their target price on shares of Qualys from $158.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Berenberg Bank started coverage on shares of Qualys in a research report on Tuesday, November 18th. They issued a “hold” rating and a $165.00 price target for the company. Finally, Scotiabank decreased their price objective on shares of Qualys from $150.00 to $139.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Qualys currently has an average rating of “Hold” and an average target price of $142.14.

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.