Bruce K. Posey Sells 8,555 Shares of Qualys, Inc. (NASDAQ:QLYS) Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 8,555 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $154.62, for a total transaction of $1,322,774.10. Following the completion of the sale, the insider now owns 64,032 shares of the company’s stock, valued at approximately $9,900,627.84. The trade was a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Qualys Stock Up 0.8 %

Shares of QLYS stock opened at $158.85 on Thursday. Qualys, Inc. has a 52 week low of $119.17 and a 52 week high of $206.35. The stock has a market capitalization of $5.81 billion, a PE ratio of 34.99 and a beta of 0.54. The firm has a 50 day moving average of $136.29 and a two-hundred day moving average of $135.17.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company had revenue of $153.87 million during the quarter, compared to analysts’ expectations of $150.74 million. During the same quarter last year, the company posted $1.24 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Qualys, Inc. will post 4.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QLYS has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research upgraded shares of Qualys from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. DA Davidson raised their price target on shares of Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Piper Sandler cut their price target 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 research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $152.80.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its position in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. lifted its position in shares of Qualys by 149.0% during the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after purchasing an additional 143 shares during the last quarter. Quarry LP purchased a new stake in shares of Qualys during the 2nd quarter worth $40,000. DT Investment Partners LLC purchased a new stake in shares of Qualys during the 2nd quarter worth $41,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.