Insider Selling: Qualys, Inc. (NASDAQ:QLYS) CFO Sells 616 Shares of Stock

Qualys, Inc. (NASDAQ:QLYS) CFO Joo Mi Kim sold 616 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares of the company’s stock, valued at $10,695,599.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Joo Mi Kim also recently made the following trade(s):

• On Monday, August 5th, Joo Mi Kim sold 616 shares of Qualys stock. The shares were sold at an average price of $133.93, for a total transaction of $82,500.88.
• On Friday, July 5th, Joo Mi Kim sold 634 shares of Qualys stock. The stock was sold at an average price of $144.75, for a total transaction of $91,771.50.

Qualys Stock Performance

QLYS stock opened at $122.23 on Friday. The stock’s fifty day moving average is $134.37 and its two-hundred day moving average is $148.79. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 28.29 and a beta of 0.46. Qualys, Inc. has a 1 year low of $119.32 and a 1 year high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.20. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same period last year, the firm posted $0.95 EPS. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts predict that Qualys, Inc. will post 3.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northland Securities restated 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Scotiabank lowered their price target on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada dropped their price target on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Piper Sandler decreased their price objective on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Qualys has a consensus rating of “Hold” and a consensus target price of $147.83.

Hedge Funds Weigh In On Qualys

Several hedge funds and other institutional investors have recently made changes to their positions in QLYS. Cim LLC raised its holdings in Qualys by 11.0% during the 2nd quarter. Cim LLC now owns 8,278 shares of the software maker’s stock worth $1,180,000 after buying an additional 820 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Qualys during the second quarter valued at approximately $536,000. Cetera Investment Advisers boosted its stake in Qualys by 27.3% in the 2nd quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock worth $1,423,000 after purchasing an additional 2,137 shares during the period. Truist Financial Corp grew its position in Qualys by 42.1% during the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock worth $250,000 after purchasing an additional 519 shares in the last quarter. Finally, Quarry LP acquired a new stake in Qualys during the 2nd quarter valued at $40,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.