Qualys Inc (NASDAQ:QLYS) insider Sumedh S. Thakar sold 4,083 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $87.33, for a total transaction of $356,568.39. Following the completion of the transaction, the insider now directly owns 185,168 shares in the company, valued at $16,170,721.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ QLYS opened at $88.70 on Friday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 74.54 and a beta of 1.36. Qualys Inc has a 52 week low of $65.93 and a 52 week high of $98.30. The firm’s 50-day simple moving average is $87.51.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). The business had revenue of $75.34 million for the quarter, compared to analysts’ expectations of $74.92 million. Qualys had a net margin of 21.23% and a return on equity of 15.51%. Qualys’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, analysts anticipate that Qualys Inc will post 1.34 earnings per share for the current fiscal year.
QLYS has been the topic of a number of research analyst reports. Royal Bank of Canada set a $42.00 price target on shares of Devon Energy and gave the stock a “hold” rating in a report on Thursday, May 2nd. ValuEngine downgraded shares of USD Partners from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Summit Redstone downgraded shares of Qualys to a “hold” rating and set a $85.00 price target on the stock. in a report on Monday, March 18th. Nomura boosted their price target on shares of Square from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Morgan Stanley boosted their price target on shares of Zynga and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $93.94.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FTB Advisors Inc. lifted its holdings in Qualys by 51.0% during the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after purchasing an additional 128 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in Qualys by 43.9% during the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after purchasing an additional 165 shares during the last quarter. Sontag Advisory LLC purchased a new stake in Qualys during the fourth quarter valued at about $48,000. Acadian Asset Management LLC purchased a new stake in Qualys during the fourth quarter valued at about $62,000. Finally, Optimum Investment Advisors purchased a new stake in Qualys during the first quarter valued at about $83,000. 85.17% of the stock is currently owned by institutional investors and hedge funds.
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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