Qualys, Inc. (NASDAQ:QLYS) Insider Sells $164,654.00 in Stock

Qualys, Inc. (NASDAQ:QLYS) insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the transaction, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Qualys Trading Down 1.3 %

NASDAQ QLYS opened at $122.97 on Thursday. The firm’s 50 day simple moving average is $129.38 and its 200 day simple moving average is $144.85. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 28.47 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 earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. During the same quarter last year, the business posted $0.95 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Qualys, Inc. will post 3.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

QLYS has been the subject of several recent research reports. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Piper Sandler decreased their price target on shares of Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Truist Financial lowered their price target on shares of Qualys from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. TD Cowen cut their price objective on shares of Qualys from $170.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, Wedbush decreased their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Qualys currently has an average rating of “Hold” and a consensus price target of $147.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QLYS. Janney Montgomery Scott LLC boosted its stake in shares of Qualys by 151.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the software maker’s stock valued at $726,000 after purchasing an additional 2,226 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Qualys by 247.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 8,172 shares of the software maker’s stock valued at $1,604,000 after purchasing an additional 5,823 shares during the last quarter. Hsbc Holdings PLC boosted its position in Qualys by 18.9% in the fourth quarter. Hsbc Holdings PLC now owns 16,320 shares of the software maker’s stock valued at $3,209,000 after buying an additional 2,599 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Qualys during the fourth quarter worth $549,000. Finally, Parallel Advisors LLC increased its holdings in shares of Qualys by 67.5% during the fourth quarter. Parallel Advisors LLC now owns 350 shares of the software maker’s stock worth $69,000 after buying an additional 141 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

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.