Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar Sells 5,003 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 5,003 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $152.65, for a total transaction of $763,707.95. Following the transaction, the chief executive officer now owns 151,671 shares of the company’s stock, valued at approximately $23,152,578.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Qualys Price Performance

Shares of QLYS opened at $151.26 on Tuesday. Qualys, Inc. has a 1-year low of $101.10 and a 1-year high of $157.88. The company has a 50-day moving average of $144.25 and a 200 day moving average of $130.71. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 47.72 and a beta of 0.61.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.30. Qualys had a net margin of 22.98% and a return on equity of 40.52%. The company had revenue of $137.21 million during the quarter, compared to analyst estimates of $135.55 million. On average, equities analysts anticipate that Qualys, Inc. will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qualys

Several hedge funds have recently made changes to their positions in the company. Huntington National Bank lifted its holdings in shares of Qualys by 4.3% in the 2nd quarter. Huntington National Bank now owns 1,740 shares of the software maker’s stock worth $225,000 after buying an additional 71 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in shares of Qualys by 1.5% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 5,406 shares of the software maker’s stock worth $698,000 after buying an additional 80 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Qualys by 15.4% during the second quarter. Sunbelt Securities Inc. now owns 606 shares of the software maker’s stock valued at $78,000 after purchasing an additional 81 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Qualys by 58.2% during the first quarter. Dark Forest Capital Management LP now owns 242 shares of the software maker’s stock valued at $31,000 after purchasing an additional 89 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Qualys by 4.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,374 shares of the software maker’s stock valued at $266,000 after purchasing an additional 95 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley lifted their price target on Qualys from $95.00 to $104.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 8th. Wedbush lifted their price target on Qualys from $130.00 to $160.00 in a research report on Friday, August 4th. StockNews.com began coverage on shares of Qualys in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Stephens began coverage on shares of Qualys in a research report on Thursday, August 17th. They set an “equal weight” rating and a $145.00 price objective on the stock. Finally, TD Cowen boosted their price objective on shares of Qualys from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Qualys has an average rating of “Hold” and a consensus target price of $138.41.

About Qualys

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.