Qualys, Inc. (NASDAQ:QLYS) CEO Sells $876,470.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total value of $876,470.00. Following the transaction, the chief executive officer now owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Qualys Stock Performance

Qualys stock opened at $126.14 on Thursday. The business’s fifty day moving average is $124.66 and its two-hundred day moving average is $140.62. The firm has a market cap of $4.66 billion, a P/E ratio of 29.20 and a beta of 0.46. Qualys, Inc. has a 52 week low of $119.32 and a 52 week high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.20. The business had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, equities research analysts predict that Qualys, Inc. will post 3.94 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Qualys by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after buying an additional 83,504 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Qualys by 9.8% during the 2nd quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock worth $115,365,000 after purchasing an additional 72,261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Qualys by 50.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock valued at $83,743,000 after purchasing an additional 169,293 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock valued at $67,607,000 after purchasing an additional 63,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after buying an additional 3,357 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on QLYS. UBS Group cut their target price on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Northland Securities reiterated a “market perform” rating and issued a $140.00 target price (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. TD Cowen lowered their price target on Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, October 7th. Piper Sandler cut their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.08.

About Qualys

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.