Insider Selling: Qualys, Inc. (NASDAQ:QLYS) Insider Sells $165,446.84 in Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now directly owns 55,279 shares in the company, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Qualys Trading Down 1.3 %

Shares of QLYS opened at $119.92 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 26.41 and a beta of 0.46. Qualys, Inc. has a 1-year low of $119.32 and a 1-year high of $206.35. The company’s fifty day simple moving average is $124.44 and its 200 day simple moving average is $138.90.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share. As a group, research analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

Hedge Funds Weigh In On Qualys

Institutional investors have recently added to or reduced their stakes in the company. DecisionPoint Financial LLC acquired a new position in Qualys during the first quarter worth $34,000. Sound Income Strategies LLC increased its holdings in shares of Qualys by 545.2% in the first quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock valued at $33,000 after purchasing an additional 169 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Qualys in the second quarter valued at $40,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on QLYS. Royal Bank of Canada cut their price target on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial cut their price target on shares of Qualys from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday. Wedbush cut their price target on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $144.23.

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.